REG - Industrials REIT Ltd abrdn PLC - Holding(s) in Company

AberdeenAnnouncement

28/04/2023 11:30

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RNS Number : 8800X  Industrials REIT Limited  28 April 2023

 

 

INDUSTRIALS REIT LIMITED

(Registered in Guernsey)

(Registration number 64865)

LSE share code: MLI    JSE share code: MLI

ISIN:  GG00BFWMR296

("Industrials REIT" or the "Company")

 

 

TR-1: STANDARD FORM FOR NOTIFICATION OF MAJOR HOLDINGS

 

 

1. Issuer Details

ISIN

GG00BFWMR296

Issuer Name

Industrials REIT Limited

UK or Non-UK Issuer

Non-UK

2. Reason for Notification

An acquisition or disposal of voting rights

3. Details of person subject to the notification obligation

Name

Aggregate of abrdn plc affiliated investment management entities with
delegated voting rights on behalf of multiple managed portfolios

City of registered office (if applicable)

Edinburgh

Country of registered office (if applicable)

United Kingdom

4. Details of the shareholder

Full name of shareholder(s) if different from the person(s) subject to the
notification obligation, above

 

City of registered office (if applicable)

 

Country of registered office (if applicable)

 

5. Date on which the threshold was crossed or reached

25-Apr-2023

6. Date on which Issuer notified

26-Apr-2023

7. Total positions of person(s) subject to the notification obligation

                                                                            % of voting rights attached to shares (total of 8.A)  % of voting rights through financial instruments (total of 8.B 1 + 8.B 2)  Total of both in % (8.A + 8.B)  Total number of voting rights held in issuer
 Resulting situation on the date on which threshold was crossed or reached  Below 5%                                              0.000000                                                                   Below 5%                        Below 5%
 Position of previous notification (if applicable)                          5.644996                                              0.000000                                                                   5.644996

8. Notified details of the resulting situation on the date on which the
threshold was crossed or reached

8A. Voting rights attached to shares

 Class/Type of shares ISIN code(if possible)  Number of direct voting rights (DTR5.1)  Number of indirect voting rights (DTR5.2.1)  % of direct voting rights (DTR5.1)  % of indirect voting rights (DTR5.2.1)
 GG00BFWMR296                                                                          Below 5%                                                                         Below 5%
 Sub Total 8.A                                Below 5%                                                                              Below 5%

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))

 Type of financial instrument  Expiration date  Exercise/conversion period  Number of voting rights that may be acquired if the instrument is  % of voting rights
                                                                            exercised/converted

 Sub Total 8.B1

8B2. Financial Instruments with similar economic effect according to
(DTR5.3.1R.(1) (b))

 Type of financial instrument  Expiration date  Exercise/conversion period  Physical or cash settlement  Number of voting rights  % of voting rights

 Sub Total 8.B2

9. Information in relation to the person subject to the notification
obligation

2. 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 entities (please add additional
rows as necessary)

 Ultimate controlling person  Name of controlled undertaking  % of voting rights if it equals or is higher than the notifiable threshold  % of voting rights through financial instruments if it equals or is higher  Total of both if it equals or is higher than the notifiable threshold
                                                                                                                                          than the notifiable threshold
 abrdn plc
 abrdn plc                    abrdn Holdings Limited
 abrdn plc                    abrdn Investments Limited

10. In case of proxy voting

Name of the proxy holder

 

The number and % of voting rights held

 

The date until which the voting rights will be held

 

11. Additional Information

In reference to Section 9, the shares detailed are managed by the named
discretionary investment management entity within multiple portfolios on
behalf of underlying clients, based on investment management agreements
whereby the client has delegated the exercise of the voting power to the
referenced investment manager.

This disclosure also reflects the fact that the voting rights effectively held
indirectly by the underlying intermediate holding company abrdn Holdings
Limited ("aHL") and held by the underlying investment management entity abrdn
Investments Limited ("aIL") decreased below the 5% notifiable threshold due to
trading on 25 April 2023. Prior to this crossing, "aHL" effectively held and
"aIL" held 5.091861% of the delegated voting rights.

12. Date of Completion

26-Apr-2023

13. Place of Completion

Aberdeen, United Kingdom

 

28 April 2023

 

For further information:

 Industrials REIT Limited                                                       +44(0)20 3918 6600

 Paul Arenson (paul.arenson@industrials.co.uk)

 Julian Carey (julian.carey@industrials.co.uk)

 James Beaumont (james.beaumont@industrials.co.uk)

 Numis Securities Limited (Financial Adviser)                                   +44(0)20 7260 1000

 Hugh Jonathan

 Vicki Paine

  
 FTI Consulting (PR Adviser)                                                    +44(0)20 3727 1000

 Richard Sunderland

 Richard Gotla

 Neel Bose

 industrialsreit@fticonsulting.com (mailto:industrialsreit@fticonsulting.com)

  
 Java Capital                                                                   +27 (0)11 722 3050

 (JSE Sponsor)

  

About Industrials REIT:

Industrials REIT is a UK REIT with a primary listing on the London Stock
Exchange and a secondary listing on the Johannesburg Stock Exchange. The
objective of the Company is to deliver a combination of sustainable growing
income and growth in value to its investors. Industrials REIT focuses on
owning and operating a diversified portfolio of UK purpose built multi-let
industrial (MLI) estates across the UK. The Company aspires to be the leading
MLI business in the UK. For further information, go to www.industrialsreit.com
(https://gbr01.safelinks.protection.outlook.com/?url=http%3A%2F%2Fwww.industrialsreit.com%2F&data=05%7C01%7Cpaul.arenson%40industrials.co.uk%7C09332dea598e4763bed408da4926f823%7C6fb781f2ad03404abb480cfecbc14518%7C0%7C0%7C637902728959059306%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=q9FKY5hYFZ0CA3i4GSLfo2VUmiIOM4xdSQluAbCSFxc%3D&reserved=0)
.

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