Holding(s) in Company
TR-1: Notification of major interest in sharesi | |||||||||||
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:ii | Watchstone Group PLC | ||||||||||
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 effect to qualifying financial instruments | X | ||||||||||
An event changing the breakdown of voting rights | |||||||||||
Other (please specify): | |||||||||||
3. Full name of person(s) subject to the notification obligation:iii | Polygon Global Partners LLP
Reade Eugene Griffith |
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4. Full name of shareholder(s) (if different from 3.):iv | N/A | ||||||||||
5. Date of the transaction and date on which the threshold is crossed or reached:v | 12 April 2018 | ||||||||||
6. Date on which issuer notified: | 13 April 2018 | ||||||||||
7. Threshold(s) that is/are crossed or reached: vi, vii | 21% |
8. Notified details: | |||||||
A: Voting rights attached to sharesviii, ix | |||||||
Class/type of shares
if possible using the ISIN CODE |
Situation previous to the triggering transaction | Resulting situation after the triggering transaction | |||||
Number of Shares | Number of Voting Rights | Number of shares | Number of voting rights | % of voting rights x | |||
Direct | Directxi | Indirectxii | Direct | Indirect | |||
B: Qualifying Financial Instruments | |||||||||
Resulting situation after the triggering transaction | |||||||||
Type of financial instrument | Expiration date xiii | Exercise/Conversion Period xiv | Number of voting rights that may be acquired if the instrument is exercised/ converted. | % of voting rights | |||||
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi | |||||||||||
Resulting situation after the triggering transaction | |||||||||||
Type of financial instrument | Exercise price | Expiration datexvii | Exercise/Conversion periodxviii | Number of voting rights instrument refers to | % of voting rightsxix, xx | ||||||
Nominal | Delta | ||||||||||
Contract for difference relating to ordinary shares (GB00BYNBFN51) | 9,671,762 | 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 holder will cease to hold: | N/A | ||||||||||
12. Date on which proxy holder will cease to hold voting rights: | N/A |
13. Additional information: | Polygon Global Partners LLP 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 |