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RNS Number : 8324A Admiral Acquisition Limited 26 May 2023
TR-1: Standard form for notification of major holdings
1. Issuer Details
ISIN
VGG0093S1092
Issuer Name
Admiral Acquisition 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
Progeny 3, Inc.
City of registered office (if applicable)
Seattle
Country of registered office (if applicable)
United States
Name City of registered office Country of registered office
P3-EQ, LLC Wilmington, Delaware United States
4. Details of the shareholder
Name City of registered office Country of registered office
82FRS Holdings, LLC Wilmington, Delaware United States
P3-EQ, LLC Wilmington, Delaware United States
5. Date on which the threshold was crossed or reached
22-May-2023
6. Date on which Issuer notified
25-May-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 18.535681 0.000000 18.535681 10000000
Position of previous notification (if applicable)
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)
VGG0093S1092 10000000 18.535681
Sub Total 8.A 10000000 18.535681%
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
Jon Hemingway (sole shareholder of managing member) Progeny 3, Inc. (managing member) 18.535681 18.535681%
Progeny 3, Inc. (managing member) P3-EQ, LLC 13.901761 13.901761%
(shareholder)
Progeny 3, Inc. (manager) 82FRS 4.633920 4.633920%
Holdings, LLC (shareholder)
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
This notification reflects the initial public offering by Admiral Acquisition
Limited of 53,975,000 ordinary shares, pursuant to which P3-EQ, LLC acquired
7,500,000 ordinary shares (13.901761%) and 82FRS Holdings, LLC acquired
2,500,000 ordinary shares (4.633920%).
With respect to the chain of controlled undertakings in item 9 above:
1) Jon Hemingway is the sole shareholder of Progeny 3, Inc.
2) Progeny 3, Inc. is the managing member of P3-EQ, LLC and the manager of
82FRS Holdings, LLC.
3) The table indicates that the voting rights over the shares held directly by
the shareholders are exercisable indirectly by each of the undertakings and
natural person in the chain of control above the shareholders.
12. Date of Completion
13. Place Of Completion
Seattle, Washington
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