Watchstone Group PLC Holding(s) in Company (0636T)
June 29 2018 - 5:35AM
UK Regulatory
TIDMWTG
RNS Number : 0636T
Watchstone Group PLC
29 June 2018
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
1. Identity of the issuer or the underlying Watchstone Group PLC
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 similar economic X
effect to qualifying financial instruments
------------------------------------------------------------------------------ ----------------------------
An event changing the breakdown of voting rights
------------------------------------------------------------------------------ ----------------------------
Other (please
specify):
------------------------------------------------------------------------- --- ----------------------------
3. Full name of person(s) subject Polygon Global Partners LLP
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 and date 28 June 2018
on
which the threshold is crossed
or
reached: (v)
--------------------------------
6. Date on which issuer notified: 29 June 2018
--------------------------------
7. Threshold(s) that is/are crossed
or
reached: (vi, vii) 22%
--------------------------------
8. Notified details:
A: Voting rights attached to shares (viii, ix)
Class/type Situation previous Resulting situation after the triggering
of to the triggering transaction
shares transaction
if possible
using
the ISIN CODE
------------------------------ -------------------------------------------------------------
Number Number Number Number of voting % of voting rights
of of of shares rights (x)
Shares Voting
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 (xiii) Conversion Period rights that may rights
(xiv) 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 rights
financial price date (xvii) Conversion rights instrument (xix, xx)
instrument period refers to
(xviii)
------------- ------------- -------------- ---------------------- ----------------------
Contract for 10,168,687 Nominal Delta
difference
relating
to ordinary
shares
(GB00BYNBFN51)
------------- ------------- -------------- ---------------------- ----------- ---------
22.087%
----------- ---------
Total (A+B+C)
Number of voting rights Percentage of voting rights
------------------------------------------------------------
10,168,687 22.087%
------------------------------------------------------------
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 holder will N/A
cease
to hold:
----------------------------------------
12. Date on which proxy holder will cease to N/A
hold
voting rights:
----------------------------------------
Polygon Global Partners LLP is the
13. Additional information: 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
----------------------------------------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
HOLUKOKRWUANURR
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