TIDMWTM

RNS Number : 2877H

Waterman Group PLC

06 June 2017

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
-------------------------------------------------- 
 
 
 
 1. Identity of the issuer or                                                    Waterman 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): 
--------------------------------------------------------------------------------------------------- 
 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)                                        MVN Asset Management Limited 
  subject to the 
  notification obligation: 
  (iii) 
-----------------------------------------------------------  -------------------------------------- 
 4. Full name of shareholder(s)                               MVN Event Driven Master Fund 
  (if different from 3.):(iv)                                  Limited 
                                                               Maven Investment Partners 
                                                               Ltd 
                                                               (clients of MVN Asset Management 
                                                               Limited - discretionary management) 
-----------------------------------------------------------  -------------------------------------- 
 5. Date of the transaction                                                              05/06/2017 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-----------------------------------------------------------  -------------------------------------- 
 6. Date on which issuer                                                                 06/06/2017 
  notified: 
-----------------------------------------------------------  -------------------------------------- 
 7. Threshold(s) that is/are 
  crossed or 
  reached: (vi, vii)                                                                            14% 
-----------------------------------------------------------  -------------------------------------- 
 
 
 
 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) 
-------------      -------------    -------------  --------------  ---------  -------------  ------------  ----------- 
 GB0009422543   2,070,457          2,070,457        2,129,146                  2,129,146                    6.92% 
               -----------------  ---------------  --------------  ---------  -------------  ------------  ----------- 
 
 
 B: Qualifying Financial Instruments 
---------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------- 
 Type of            Expiration       Exercise/                        Number of voting            % of voting 
 financial           date             Conversion                       rights that                 rights 
 instrument          (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) 
---------------  ---------------  ---------------  --------------  --------------------------  ----------------------- 
 Swap             n/a              29/03/2018                                                   Nominal       Delta 
---------------  ---------------  ---------------  --------------                              ------------  --------- 
                                                                    2,235,603                   7.27%         1.0 
-------------      -------------    -------------    ------------  --------------------------  ------------  --------- 
 
 Total (A+B+C) 
---------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                              Percentage of voting rights 
---------------------------------------------------  ----------------------------------------------------------------- 
 
   4,364,749                                          14.19% 
---------------------------------------------------  ----------------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
-------------------------------------------------------------------- 
 
   The beneficial owners of the shares/ financial Instruments 
   with similar economic effect to Qualifying Financial 
   Instruments are Maven Investment Partners Ltd and MVN 
   Event Driven Master Fund Limited respectively, which 
   are both managed under a discretionary management agreement 
   by MVN Asset Management Limited. The shares/ financial 
   Instruments with similar economic effect to Qualifying 
   Financial Instruments are held by the prime broker of 
   MVN Event Driven Master Fund Limited, Merrill Lynch 
   International and by the prime broker of Maven Investment 
   Partners Ltd, ABN Amro Clearing NV. As a result, we 
   have classified the voting rights in section 8A above 
   as 'indirect'. 
 
 Proxy Voting: 
-------------------------------------------------------------------- 
 10. Name of the proxy holder:          ABN Amro Clearing 
                                         NV 
                                         Merrill Lynch International 
-------------------------------------  ----------------------------- 
 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: 
-------------------------------------  ----------------------------- 
 
 
  13. Additional information: 
-------------------------------------  ----------------------------- 
 14. Contact name:                                      Raphael Kain 
                                                          Peter Teng 
-------------------------------------  ----------------------------- 
                                                    +44 20 3005 3780 
 15. Contact telephone number:                      +44 20 3876 8718 
-------------------------------------  -----------------------------

This information is provided by RNS

The company news service from the London Stock Exchange

END

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June 06, 2017 06:28 ET (10:28 GMT)

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