RSA Insurance Group PLC Holding(s) in Company (7391Z)
17 March 2017 - 4:00AM
UK Regulatory
TIDMRSA
RNS Number : 7391Z
RSA Insurance Group PLC
16 March 2017
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
--------------------------------------------------
1. Identity of the issuer or RSA Insurance Group plc
the underlying issuer
of existing shares to which
voting rights are
attached: (ii)
------------------------------------------------------------- -------------------------------------
2 Reason for the notification (please tick the appropriate
box or boxes):
----------------------------------------------------------------------------------------------------
An acquisition or disposal of voting rights x
---------------------------------------------------------------- ----------------------------------
An acquisition or disposal of qualifying financial
instruments which may result in the acquisition
of shares already issued to which voting rights
are attached
---------------------------------------------------------------- ----------------------------------
An acquisition or disposal of instruments with
similar economic effect to qualifying financial
instruments
---------------------------------------------------------------- ----------------------------------
An event changing the breakdown of voting rights
---------------------------------------------------------------- ----------------------------------
Other (please
specify):
--------------------------------------------------------- ----- ----------------------------------
3. Full name of person(s) Cevian Capital II G.P. Limited
subject to the
notification obligation:
(iii)
----------------------------------------------------------- ---------------------------------------
4. Full name of shareholder(s) Aurora Nominees Limited
(if different from 3.):(iv)
----------------------------------------------------------- ---------------------------------------
5. Date of the transaction 16 March 2017
and date on
which the threshold is
crossed or
reached: (v)
----------------------------------------------------------- ---------------------------------------
6. Date on which issuer 16 March 2017
notified:
----------------------------------------------------------- ---------------------------------------
7. Threshold(s) that is/are Above 13% (Voting rights attached
crossed or to shares)
reached: (vi, vii)
----------------------------------------------------------- ---------------------------------------
8. Notified details:
-----------------------------------------------------------------------------------------------------
A: Voting rights attached to shares (viii, ix)
-----------------------------------------------------------------------------------------------------
Class/type Situation previous Resulting situation after the
of to the triggering triggering transaction
shares transaction
if possible
using
the ISIN
CODE
--------------- -------------------------- --------------------------------------------------------
Number Number Number Number of % of voting
of of of voting rights (x)
Shares Voting shares rights
Rights
-------------- ------------ ------------ ------------ --------------------- -------------------
Direct Direct Indirect Direct Indirect
(xi) (xii)
-------------- ------------ ------------ ------------ ------- ------------ -------- ---------
Ordinary 98,375,366 98,375,366 n/a n/a 137,645,130 n/a 13.5%
------------ ------------ ------------ ------- ------------ -------- ---------
GB00BKKMKR23
--------------- ------------ ------------ ------------ ------- ------------ -------- ---------
B: Qualifying Financial Instruments
-----------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
-----------------------------------------------------------------------------------------------------
Type of Expiration Exercise/ Number of voting % of voting
financial date Conversion rights that rights
instrument (xiii) Period (xiv) may be
acquired if
the
instrument
is
exercised/
converted.
--------------- ------------ -------------------------- --------------------- -------------------
C: Financial Instruments with similar economic effect
to Qualifying Financial Instruments (xv, xvi)
-----------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
-----------------------------------------------------------------------------------------------------
Type of Exercise Expiration Exercise/ Number of voting % of voting
financial price date Conversion rights instrument rights (xix,
instrument (xvii) period refers to xx)
(xviii)
-------------- ------------- ------------ ------------ --------------------- -------------------
CFD 0 Nominal Delta
-------------- ------------- ------------ ------------ --------------------- -------- ---------
0% 0%
-------------- ------------ ------------ ------------ ------- ------------ -------- ---------
Total (A+B+C)
------------------------------------------------------
Number of voting rights Percentage of voting rights
------------------------ ----------------------------
137,645,130 13.5%
------------------------ ----------------------------
9. Chain of controlled undertakings through which the
voting rights and/or the
financial instruments are effectively held, if applicable:
(xxi)
-------------------------------------------------------------------------------------------------
Cevian Capital II G.P. Limited (Cevian) acts as general
partner for Cevian Capital II Master Fund L.P. Cevian
is the indirect holder of the voting rights attached
to the shares. The legal owner of the shares is Aurora
Nominees Limited (acting as nominee), which holds the
shares on behalf of UBS AG (acting as custodian).
Proxy Voting:
-------------------------------------------------------------------------------------------------
10. Name of the proxy holder:
-------------------------------------------------------------- ---------------------------------
11. Number of voting rights proxy
holder will cease to hold:
-------------------------------------------------------------- ---------------------------------
12. Date on which proxy holder will
cease to hold voting rights:
-------------------------------------------------------------- ---------------------------------
13. Additional information:
------------------------------------------------------------ -----------------------------------
14. Contact name:
Elinor Bell
Deputy Group Company Secretary
Direct : 020 7111 1857
------------------------------------------------------------ -----------------------------------
15. Contact telephone number: As above
------------------------------------------------------------ -----------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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