Cairn Homes plc TR-1: Standard Form of Notification (9694F)
February 26 2018 - 11:27AM
UK Regulatory
TIDMCRN
RNS Number : 9694F
Cairn Homes plc
26 February 2018
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
[ X ] An acquisition or disposal of financial instruments
[ ] An event changing the breakdown of voting rights
[ ] Other (please specify)(iii) :
-------------------------------------------------------------------------------------
3. Details of person subject to the notification obligation(iv)
:
Name:Coltrane Asset City and country of registered
Management, L.P. office (if applicable):
Grand Cayman, Cayman Islands
------------------------------------- ----------------------------------------------
4. Full name of shareholder(s) (if different from 3.)(v)
: Coltrane Master Fund, L.P.
-------------------------------------------------------------------------------------
5. Date on which the threshold was crossed or reached(vi)
: February 23, 2018
-------------------------------------------------------------------------------------
6. Date on which issuer notified: February 26, 2018
-------------------------------------------------------------------------------------
7. Threshold(s) that is/are crossed or reached: Increasing
above 4%
-------------------------------------------------------------------------------------
8. Total positions of person(s) subject to the notification
obligation:
-------------------------------------------------------------------------------------
% 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 2.67% 1.44% 4.11% 761,672,549
------------------ ----------------- ---------------- ------------- -------------
Position
of previous
notification
(if applicable) 2.8% 1.19% 3.99%
------------------ ----------------- ---------------- ------------- -------------
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
--------------------- --------------------- ------------- ------------------ -----------------------------
Common Equity
(ISIN:IE00BWY4ZF18) N/A 20,345,505 N/A 2.67%
--------------------- --------------------- ------------- ------------------ -----------------------------
SUBTOTAL
A 20,345,505 2.67%
-------------------------------------------- ------------- ------------------ -----------------------------
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.
---------------------- ------------------- -------------- ------------------------------- ----------------
N/A N/A N/A N/A N/A
(ISIN:N/A)
---------------------- ------------------- -------------- ------------------------------- ----------------
SUBTOTAL B.1 N/A N/A
-------------- ------------------------------- ----------------
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)
--------------------- -------------------- -------------- ------------------ ----------- ----------------
Equity CFD
(ISIN:IE00BWY4ZF18) N/A N/A Cash 11,021,860 1.44%
--------------------- -------------------- -------------- ------------------ ----------- ----------------
SUBTOTAL
B.2 11,021,860 1.44%
------------------ ----------- ----------------
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) :
Name(xv) % of voting % of voting Total of both
rights if it rights through if it equals
equals or is financial instruments or is higher
higher than if it equals than the notifiable
the notifiable or is higher threshold
threshold than the notifiable
threshold
----------------------- ----------------- ------------------------ ---------------------
Coltrane Asset
Management,
L.P.
----------------------- ----------------- ------------------------ ---------------------
Mandeep Manku
----------------------- ----------------- ------------------------ ---------------------
Coltrane Domestic
Fund, L.P.
----------------------- ----------------- ------------------------ ---------------------
Coltrane Offshore
Fund, L.P.
----------------------- ----------------- ------------------------ ---------------------
Coltrane Asset
Management Holdings,
Ltd.
----------------------- ----------------- ------------------------ ---------------------
Coltrane GP,
LLC
----------------------- ----------------- ------------------------ ---------------------
Coltrane Master
Fund, L.P. 4.11
-------------------------------------------------------------------- ---------------------
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) :
-------------------------------------------------------------------------------------------
Done at New York on February 26, 2018.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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