REG - Bakkavor Group PLC - Holding(s) in Company

BakkavorAnnouncement

21/09/2023 12:15

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RNS Number : 2395N  Bakkavor Group PLC  21 September 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):                                                                                                   18/9/2023
 6. Date on which issuer notified (DD/MM/YYYY):                                                                                                               20/9/2023
 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  20.9637%                                               0.0%                                                  20.9637%                        121,468,928
 Position of previous notification (if                                      22.3640%                                               0.0%                                                  22.3640%

 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                                                                                121,468,928                                                                                                  20.9637%

 GB00BF8J3Z99

 SUBTOTAL 8. A                                  121,468,928                                                                                                 20.9637%

 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")
 Person subject to the notification obligation is not controlled by any natural
 person or legal entity and does not control any other undertaking(s) holding
 directly or indirectly an interest in the (underlying) issuer(xiii)
 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)
 Name(xv)                    % 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             20.9637                                                                                                                                                 20.9637
 Baupost Group GP, L.L.C.    20.9637                                                                                                                                                 20.9637
 The Baupost Group, L.L.C.   20.9637                                                                                                                                                 20.9637

 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)

 

 Place of completion  Boston, USA
 Date of completion   20/9/2023

 

 

 

ENQUIRIES

 Institutional investors and analysts:
 Richard Wooldridge, Interim Head of Investor Relations                  +44 (0) 20 7908 6114
 Annabel Tagoe-Bannerman, Group General Counsel & Company Secretary      +44 (0) 20 7908 6130
 Financial media:
 Katie Hunt, MHP                                                         +44 (0) 20 3128 8794
 Rachel Farrington, MHP                                                  +44 (0) 20 3128 8613
 Oliver Hughes, MHP                                                      +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.
Find out more at www.bakkavor.com (http://www.bakkavor.com) .

 

LEI number: 213800COL7AD54YU9949

 

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