TIDMWOSG

RNS Number : 1362P

Watches of Switzerland Group PLC

14 October 2021

 
TR-1: Standard form for notification of major holdings 
 
  NOTIFICATION OF MAJOR HOLDINGS 
 
  1a. Identity of the issuer or the                      Watches of Switzerland Group PLC 
   underlying issuer of existing shares 
   to which voting rights are attached: 
  1b. Please indicate if the issuer is a non-UK issuer (please mark 
   with an "X" if appropriate) 
  Non-UK issuer 
                                                                                               ------------------ 
  2. Reason for the notification (please mark the appropriate box 
   or boxes with an "X") 
  An acquisition or disposal of voting rights                                                            X 
                                                                                               ------------------ 
  An acquisition or disposal of financial instruments 
                                                                                               ------------------ 
  An event changing the breakdown of voting rights 
                                                                                               ------------------ 
  Other (please specify): 
                                                                                               ------------------ 
  3. Details of person subject to the notification obligation 
  Name                                                   Brian Duffy 
                                                       ---------------------------------------------------------- 
  City and country of registered 
   office (if applicable) 
                                                       ---------------------------------------------------------- 
  4. Full name of shareholder(s) (if different from 3.) 
  Name                                                   As above 
                                                       ---------------------------------------------------------- 
  City and country of registered 
   office (if applicable) 
                                                       ---------------------------------------------------------- 
  5. Date on which the threshold                         14/10/2021 
   was crossed or reached: 
                                                       ---------------------------------------------------------- 
  6. Date on which issuer notified                       14/10/2021 
   (DD/MM/YYYY): 
                                                       ---------------------------------------------------------- 
  7. Total positions of person(s) subject to the notification obligation: 
                                     % of voting        % of voting rights    Total of both       Total number 
                                   rights attached      through financial          in %          of voting rights 
                                      to shares            instruments                              of issuer 
                                      (total of           (total of 8.B.1       (8.A + 8.B) 
                                         8.A)                 + 8.B.2) 
                               ----------------------  -------------------  -----------------  ------------------ 
  Resulting situation 
   on the date on 
   which threshold 
   was crossed or 
   reached                       3.21%                   0.00%                3.21%              7,696,999 
                               ----------------------  -------------------  -----------------  ------------------ 
  Position of previous           N.A.                    N.A.                 N.A. 
   notification 
   (if applicable) 
                               ----------------------  -------------------  -----------------  ------------------ 
 
 
 
  8. Notified details of the resulting situation on the date on 
   which the threshold was crossed or reached: 
  A: Voting rights attached to shares 
  Class/type            Number of voting rights                        % of voting rights 
   of shares 
   ISIN code 
   (if possible) 
                      ---------------------------------------------  ------------------------------- 
                          Direct                Indirect                   Direct         Indirect 
                         (DTR5.1)               (DTR5.2.1)                (DTR5.1)        (DTR5.2.1) 
                      ------------  -------------------------------  ----------------  ------------- 
GB00BJDQQ870 
 Common Stock         7,696,999                                      3.21 
                      ------------  -------------------------------  ----------------  ------------- 
 
SUBTOTAL 8.A                            7,696,999                                 3.21% 
                      ---------------------------------------------  ------------------------------- 
 
  B 1: Financial Instruments DTR5.3.1R (1) (a) 
  Type of financial     Expiration    Exercise/      Number of voting                    % of voting 
   instrument            date          Conversion     rights that may be                  rights 
                                       Period         acquired if the instrument 
                                                      is exercised/converted 
                      ------------  -------------  ----------------------------------  ------------- 
  N/A 
                      ------------  -------------  ----------------------------------  ------------- 
                                      SUBTOTAL 
                                       8.B.1 
                                                   ----------------------------------  ------------- 
 
  B 2: Financial Instruments with similar economic effect DTR5.3.1R 
   (1) (b) 
  Type of financial     Expiration    Exercise/      Physical          Number of         % of voting 
   instrument            date          Conversion     or cash           voting rights     rights 
                                       Period         settlement 
                      ------------  -------------  ----------------  ----------------  ------------- 
  N/A 
                      ------------  -------------  ----------------  ----------------  ------------- 
                                                     SUBTOTAL 
                                                      8.B.2 
                                                                     ----------------  ------------- 
 
 
 
  9. Information in relation to the person subject to the notification 
   obligation (please mark the applicable box with an "X") 
  Person subject to the notification obligation is not controlled 
   by any natural person or legal entity and does not control 
   any other undertaking(s) holding directly or indirectly an 
   interest in the (underlying) issuer 
  Full chain of controlled undertakings through which the voting                         X 
   rights and/or the financial instruments are effectively held 
   starting with the ultimate controlling natural person or legal 
   entity (please add additional rows as necessary) 
                                                                              ---------------------- 
            Name                 % of voting rights      % of voting rights        Total of both 
                                    if it equals          through financial         if it equals 
                                    or is higher            instruments if          or is higher 
                                 than the notifiable         it equals or       than the notifiable 
                                      threshold             is higher than           threshold 
                                                            the notifiable 
                                                              threshold 
                             ------------------------  ---------------------  ---------------------- 
 Brian Duffy                  3.06% 
                             ------------------------  ---------------------  ---------------------- 
 Duffy Management & 
  Investments Company 
  Limited                     0.15% 
                             ------------------------  ---------------------  ---------------------- 
 Total                        3.21% 
                             ------------------------  ---------------------  ---------------------- 
 
  10. In case of proxy voting, please identify: 
  Name of the proxy holder 
                                                       --------------------------------------------- 
  The number and % of voting rights 
   held 
                                                       --------------------------------------------- 
  The date until which the voting 
   rights will be held 
                                                       --------------------------------------------- 
 
  11. Additional information: 
  This notification relates to the total shareholding of Brian Duffy, 
   CEO of Watches of Switzerland Group PLC (the "Company"), following 
   the exercise of the nil cost option granted to him upon the IPO 
   of the Company in 2019, which has now been exercised, and the 
   disposal of such number of the shares arising from that exercise 
   that was necessary to cover the tax liability that crystallised 
   upon exercise of that option. 
 
  Place of completion         London 
  Date of completion          14/10/2021 
                            ------------------------------------------------------------------------ 
 
 
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