Watchstone Group PLC Holding(s) in Company (9279K)
14 April 2018 - 1:21AM
UK Regulatory
TIDMWTG
RNS Number : 9279K
Watchstone Group PLC
13 April 2018
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):
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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) Polygon Global Partners LLP
subject to the Reade Eugene Griffith
notification obligation:
(iii)
----------------------------------------------------------- -----------------------------
4. Full name of shareholder(s) N/A
(if different from 3.):(iv)
----------------------------------------------------------- -----------------------------
5. Date of the transaction 12 April 2018
and date on
which the threshold is
crossed or
reached: (v)
----------------------------------------------------------- -----------------------------
6. Date on which issuer 13 April 2018
notified:
----------------------------------------------------------- -----------------------------
7. Threshold(s) that is/are
crossed or
reached: (vi, vii) 21%
----------------------------------------------------------- -----------------------------
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 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.
------------------ ------------- ----------------------------- ---------------------- ---------------------
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)
----------------- ------------- ------------- -------------- ---------------------- ----------------------
Contract 9,671,762 Nominal Delta
for difference
relating
to ordinary
shares
(GB00BYNBFN51)
----------------- ------------- ------------- -------------- ---------------------- ----------- ---------
21.008%
----------- ---------
Total (A+B+C)
---------------------------------------------------------------------------------------------------------------
Number of voting rights Percentage of voting rights
------------------------------------------------- ------------------------------------------------------------
9,671,762 21.008%
------------------------------------------------- ------------------------------------------------------------
9. Chain of controlled undertakings through which the
voting rights and/or the
financial instruments are effectively held, if applicable:
(xxi)
---------------------------------------------------------------------------------------
Reade Griffith holds a majority of the voting rights
in Polygon Global Partners LLP. Consequently, Polygon
Global Partners LLP is a "controlled undertaking" in
relation to Mr. Griffith.
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:
------------------------------------------------------- ------------------------------
Polygon Global Partners LLP
13. Additional information: is the investment manager
to a fund, Polygon European
Equity Opportunity Master
Fund, and a separate managed
account that, between them,
hold the positions referred
to in this notification.
------------------------------------------------------- ------------------------------
14. Contact name: Katharine Ostrow
------------------------------------------------------- ------------------------------
15. Contact telephone number: +44 020 7901 8331
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This information is provided by RNS
The company news service from the London Stock Exchange
END
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