Cairn Homes plc TR-1: Standard Form of Notification (6885Q)
September 14 2017 - 2:01AM
UK Regulatory
TIDMCRN
RNS Number : 6885Q
Cairn Homes plc
14 September 2017
Standard Form TR-1
Standard form for notification of major holdings
NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant
issuer and to the Central Bank of Ireland)(i)
-------------------------------------------------------------------------------------
1. Identity of the issuer or the underlying issuer of
existing shares to which voting rights are attached(ii)
: CAIRN HOMES PLC
-------------------------------------------------------------------------------------
2. Reason for the notification (please tick the appropriate
box or boxes):
[X] An acquisition or disposal of voting rights
[ ] An acquisition or disposal of financial instruments
[ ] An event changing the breakdown of voting rights
[ ] Other (please specify)(iii) :
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3. Details of person subject to the notification obligation(iv)
:
Name: City and country of registered
Alan McIntosh office (if applicable):
------------------------------------- ----------------------------------------------
4. Full name of shareholder(s) (if different from 3.)(v)
:
Emerald Everleigh Limited Partnership
Prime Developments Ltd
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5. Date on which the threshold was crossed or reached(vi)
:
12 September 2017
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6. Date on which issuer notified:
13 September 2017
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7. Threshold(s) that is/are crossed or reached:
5%
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8. Total positions of person(s) subject to the notification
obligation:
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% of voting % of voting Total of Total number
rights attached rights through both in % of voting
to shares financial (9.A + 9.B) rights of
(total of instruments issuer(vii)
9.A) (total of
9.B.1 + 9.B.2)
------------------ ----------------- ---------------- ------------- -------------
Resulting
situation
on the date
on which
threshold
was crossed
or reached 4.74% 4.74% 761,672,549
------------------ ----------------- ---------------- ------------- -------------
Position
of previous
notification
(if applicable) 5.77% 5.77%
------------------ ----------------- ---------------- ------------- -------------
9. Notified details of the resulting situation on the
date on which the threshold was crossed or reached(viii)
:
--------------------------------------------------------------------------------------------------------------
A: Voting rights attached to shares
--------------------------------------------------------------------------------------------------------------
Class/type Number of voting rights(ix) % of voting rights
of
shares
ISIN code
(if possible)
-------------------
Direct Indirect Direct Indirect
------------------- --------------------- ------------- ------------------- ------------------------------
IE00BWY4ZF18 36,086,153 4.74%
------------------------------------------ ------------- ------------------- ------------------------------
SUBTOTAL
A 36,086,153 4.74%
------------------------------------------ ------------- ------------------- ------------------------------
B 1: Financial Instruments according to Regulation 17(1)(a)
of the Regulations
--------------------------------------------------------------------------------------------------------------
Type of financial Expiration Exercise/ Number of voting % of voting
instrument date(x) Conversion rights that rights
Period(xi) may be acquired
if the instrument
is exercised/converted.
-------------------- ------------------- -------------- -------------------------------- -----------------
SUBTOTAL B.1
---------------------------------- -------------------------------- -----------------
B 2: Financial Instruments with similar economic effect
according to Regulation 17(1)(b) of the Regulations
--------------------------------------------------------------------------------------------------------------
Type of Expiration Exercise/ Physical Number % of voting
financial date(x) Conversion or cash of voting rights
instrument Period settlement(xii) rights
(xi)
------------------- -------------------- -------------- ------------------- ----------- -----------------
SUBTOTAL
B.2
------------------- ----------- -----------------
10. Information in relation to the person subject to
the notification obligation (please tick the applicable
box):
[ ] 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.(xiii)
[X] Full chain of controlled undertakings through which
the voting rights and/or the
financial instruments are effectively held starting
with the ultimate controlling natural person or legal
entity(xiv) :
Alan McIntosh is a beneficiary of the Landmark Trust,
a discretionary trust constituted under English and
Welsh law. Weighbridge Trust Limited (a company incorporated
in Guernsey) is the trustee of the Landmark Trust.
Weighbridge Trust Limited (as trustee) is the 100% parent
of Prime Developments Limited, a company incorporated
in Guernsey.
The units in The Emerald Fund ICAV are held by Prime
Developments Limited. The Emerald Opportunity Investment
Fund, a sub fund of The Emerald Fund ICAV, is the sole
limited partner and economic beneficiary of Emerald
Everleigh Limited Partnership.
Emerald Everleigh Limited Partnership ("EELP") & Prime
Developments Ltd ("PDL") are the registered holder
of the interests described in 9A.
EELP's shareholding is 16,743,507 representing 2.20%
of the issued ordinary share capital of Cairn Homes
plc. EELP disposed of 7,825,945 of the ordinary shares
of Cairn Homes plc, which is the subject of this notification.
PDL's shareholding is 19,342,646 representing 2.54%
of the issue share capital of Cairn Homes plc. PDL did
not participate in this notifiable transaction and therefore
its shareholding is not the subject of this notification.
11. In case of proxy voting: [name of the proxy holder]
will cease to hold [% and number] voting rights as of
[date]
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12. Additional information(xvi) :
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Done at Dublin on 13 September 2017
WF-20123447-1
This information is provided by RNS
The company news service from the London Stock Exchange
END
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