TIDMWTG TIDM42SB

RNS Number : 5102R

Watchstone Group PLC

12 December 2016

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
-------------------------------------------------- 
 
 
 
 1. Identity of the issuer or                                         Watchstone 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)                                      The Goldman Sachs Group, Inc. 
  subject to the 
  notification obligation: 
  (iii) 
-----------------------------------------------------------  ----------------------------------- 
 4. Full name of shareholder(s)                                  Goldman Sachs International 
  (if different from 3.):(iv) 
-----------------------------------------------------------  ----------------------------------- 
 5. Date of the transaction                                            07 December 2016 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-----------------------------------------------------------  ----------------------------------- 
 6. Date on which issuer                                               09 December 2016 
  notified: 
-----------------------------------------------------------  ----------------------------------- 
 7. Threshold(s) that is/are                                               Above 6% 
  crossed or 
  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) 
-----------------   --------------   ---------------  -----------  ---------  -------------  --------  ------------- 
                        Below             Below 
    GB00BYNBFN51          3%                3%                                  2,688,621                  5.84% 
                   ---------------  ----------------  -----------  ---------  -------------  --------  ------------- 
 
 
 B: Qualifying Financial Instruments 
-------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
-------------------------------------------------------------------------------------------------------------------- 
 Type of financial   Expiration       Exercise/                      Number of voting         % of voting 
  instrument          date             Conversion                     rights that              rights 
                      (xiii)           Period (xiv)                   may be 
                                                                      acquired if 
                                                                      the 
                                                                      instrument 
                                                                      is 
                                                                      exercised/ 
                                                                      converted. 
------------------  ---------------  -----------------------------  -----------------------  ----------------------- 
    Stock Loan 
     (Physical)           Open                                               57,327                   0.12% 
------------------  ---------------  -----------------------------  -----------------------  ----------------------- 
                                     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        % of voting 
       financial       price           date     Conversion        voting       rights (xix, 
      instrument                                    period        rights                xx) 
                                                              instrument 
                                                               refers to 
   -------------  ----------  -------------  -------------  ------------  ----------------- 
                                                                           Nominal    Delta 
   -------------  ----------  -------------  -------------  ------------  --------  ------- 
    CFD (Cash)                                  01-May-2026         1,373             0.003% 
   -------------------------   ----------------------------  ------------  --------  ------- 
    CFD (Cash)                                  02-Oct-2026        36,847              0.08% 
   -------------------------   ----------------------------  ------------  --------  ------- 
    CFD (Cash)                                  07-Oct-2026         9,715              0.02% 
   -------------------------   ----------------------------  ------------  --------  ------- 
-------------------------------------------------------------------------------------------------------------------- 
 
 
 Total (A+B+C) 
-------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                Percentage of voting rights 
-----------------------------------------------------  ------------------------------------------------------------- 
                      2,793,883                                                    6.07% 
-----------------------------------------------------  ------------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
------------------------------------------------------------------------------------------- 
 
   The Goldman Sachs Group, Inc.; 2,793,883 shares; 6.07% 
 
   Goldman Sachs (UK) L.L.C. (Controlled by The Goldman 
   Sachs Group, Inc.) ; 2,793,883 shares; 6.07% 
   Goldman Sachs Group UK Limited (Controlled by Goldman 
   Sachs (UK) L.L.C.) ; 2,793,883 shares; 6.07% 
   Goldman Sachs International (Controlled by Goldman Sachs 
   Group UK Limited) ; 2,793,883 shares; 6.07% 
 
 Proxy Voting: 
------------------------------------------------------------------------------------------- 
 10. Name of the proxy holder:                                           N/A 
-------------------------------------------------------  ---------------------------------- 
 11. Number of voting rights proxy                                       N/A 
  holder will cease to hold: 
-------------------------------------------------------  ---------------------------------- 
 12. Date on which proxy holder will                                     N/A 
  cease to hold voting rights: 
-------------------------------------------------------  ---------------------------------- 
 
                                                          Please note, total amount 
  13. Additional information:                              of voting rights have been 
                                                           rounded to 2 decimal places 
                                                           therefore there is a possibility 
                                                           of a rounding error. 
 
                                                           General email contact: 
                                                           shareholderdisclosures@gs.com 
-------------------------------------------------------  ---------------------------------- 
 14. Contact name:                                        Joanna Foley 
-------------------------------------------------------  ---------------------------------- 
 
 15. Contact telephone number:                             +44 207 051 9996 
-------------------------------------------------------  ---------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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December 12, 2016 02:00 ET (07:00 GMT)

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