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RNS Number : 6392U Bakkavor Group PLC 29 March 2023
TR-1: Standard form for notification of major holdings
NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the
FCA in Microsoft Word format if possible)(i)
1a. Identity of the issuer or the underlying issuer of existing shares to Bakkavor Group plc
which voting rights are attached(ii):
1b. Please indicate if the issuer is a non-UK issuer (please mark with an
"X" if appropriate)
UK issuer
2. Reason for the notification (please mark the appropriate box or boxes with
an "X")
An acquisition or disposal of voting rights X
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights
Other (please specify)(iii):
3. Details of person subject to the notification obligation(iv)
Name The Baupost Group, L.L.C.
City and country of registered office (if applicable) Boston, USA
4. Full name of shareholder(s) (if different from 3.)(v)
Name BP-PE5, L.L.C.
City and country of registered office (if applicable) Wilmington, USA
5. Date on which the threshold was crossed or reached(vi): 24 March 2023
6. Date on which issuer notified (DD/MM/YYYY): 28 March 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 both in % (8.A + 8.B) Total number of voting rights held in issuer (8.A + 8.B) (vii)
(total of 8.B 1 + 8.B 2)
Resulting situation on the date on which threshold was crossed or reached 22.364000 - 22.364000 129,582,928
Position of previous notification (if 24.820000 - 24.820000
applicable)
8. Notified details of the resulting situation on the date on which the
threshold was crossed or reached(viii)
A: Voting rights attached to shares
Class/type of Number of voting rights(ix) % of voting rights
shares
ISIN code (if possible)
Direct Indirect Direct Indirect
(Art 9 of Directive 2004/109/EC) (DTR5.1) (Art 10 of Directive 2004/109/EC) (DTR5.2.1) (Art 9 of Directive 2004/109/EC) (DTR5.1) (Art 10 of Directive 2004/109/EC) (DTR5.2.1)
Ordinary shares 129,582,928 22.364000 %
GB00BF8J3Z99
SUBTOTAL 8. A 129,582,928 22.364000 %
B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC
(DTR5.3.1.1 (a))
Type of financial instrument Expiration Exercise/ Number of voting rights that may be acquired if the instrument is % of voting rights
date(x)
Conversion Period(xi)
exercised/converted.
SUBTOTAL 8. B 1
B 2: Financial Instruments with similar economic effect according to Art.
13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))
Type of financial instrument Expiration Exercise/ Physical or cash Number of voting rights % of voting rights
date(x)
Conversion Period (xi)
settlement(xii)
SUBTOTAL 8.B.2
9. Information in relation to the person subject to the notification
obligation (please mark the
applicable box with an "X")
Full chain of controlled undertakings through which the voting rights and/or X
the
financial instruments are effectively held starting with the ultimate
controlling natural person or legal entity(xiv) (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
Seth A Klarman Baupost Group GP, L.C.C. 22.364000 22.364000%
Seth A Klarman The Baupost Group, L.C.C. 22.364000 22.364000%
10. In case of proxy voting, please identify:
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(xvi)
N/A
Place of completion London UK
Date of completion 29 March 2023
ENQUIRIES
Institutional investors and analysts:
Emily Daw, Head of Investor
Relations
+44 (0) 20 7908 6114
Annabel Tagoe-Bannerman, Group General Counsel & Company
Secretary +44 (0) 20 8908 6130
Financial Media:
Katie Hunt, MHP Communications
+44
(0) 20 3128 8794
Rachel Farrington, MHP Communications
+44
(0) 20 3128 8613
Oliver Hughes, MHP Communications
+44 (0) 20 3128
8622
About Bakkavor
We are the leading provider of fresh prepared food in the UK, and our presence
in the US and China positions the Group well in these, high-growth markets. We
leverage our consumer insight and scale to provide innovative food that offers
quality, choice, convenience, and freshness. Around 18,500 colleagues operate
from 45 sites across our three markets supplying a portfolio of over 2,900
products across meals, pizza & bread, salads and desserts to leading
grocery retailers in the UK and US, and international food brands in China.
LEI number: 213800COL7AD54YU9949
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