Watchstone Group PLC Holding(s) in Company (6371M)
01 August 2017 - 1:04AM
UK Regulatory
TIDMWTG
RNS Number : 6371M
Watchstone Group PLC
31 July 2017
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
------------------------------------------------------------ -----------------------------------
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 x
similar economic effect to qualifying financial
instruments
------------------------------------------------------------ -----------------------------------
An event changing the breakdown of voting rights
------------------------------------------------------------ -----------------------------------
Other (please
specify):
---------------------------------------------------------- -----------------------------------
3. Full name of person(s) BlueMountain Capital Management,
subject to the LLC
notification obligation:
(iii)
----------------------------------------------------------- ------------------------------------
4. Full name of shareholder(s) BlueMountain Timberline Ltd.
(if different from BlueMountain Montenvers Master
3.):(iv) Fund SCA SICAV-SIF
Blue Mountain Credit Alternatives
Master Fund L.P. BlueMountain
Kicking Horse Fund L.P.
BlueMountain Foinaven Master Fund
L.P
BlueMountain Logan Opportunities
Master Fund L.P.
----------------------------------------------------------- ------------------------------------
5. Date of the transaction 28 July 2017
and date on
which the threshold
is crossed or
reached: (v)
----------------------------------------------------------- ------------------------------------
6. Date on which issuer 31 July 2017
notified:
----------------------------------------------------------- ------------------------------------
7. Threshold(s) that
is/are crossed or
reached: (vi, vii) 5%
----------------------------------------------------------- ------------------------------------
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 shares voting rights (x)
Shares Voting rights
Rights
------------ -------------- -------------- ------------- ---------------------- --------------------
Direct Direct Indirect Direct Indirect
(xi) (xii)
------------ ------------ ------------ ------------- --------- ----------- --------- ---------
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)
------------- ------------- ------------- -------------- ----------------------- -------------------
Equity Swap 2,248,093 Nominal Delta
------------- ------------- ------------- -------------- ----------------------- -------- ---------
4.88% 4.88%
------------------------------------------------------------------------ -------- ---------
Total (A+B+C)
---------------------------------------------------------------------------------------------------------
Number of voting rights Percentage of voting rights
--------------------------------------------- ----------------------------------------------------------
2,248,093 4.88%
--------------------------------------------- ----------------------------------------------------------
9. Chain of controlled undertakings through which the
voting rights and/or the
financial instruments are effectively held, if applicable:
(xxi)
------------------------------------------------------------------------------------------------
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: Eric M. Albert, Chief Compliance
Officer & Deputy General
Counsel
------------------------------------------------------------- ---------------------------------
15. Contact telephone number: +1-212-905-3900
------------------------------------------------------------- ---------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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