REG - Chesnara PLC - Holding(s) in Company

ChesnaraAnnouncement

02/09/2022 07:00

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RNS Number : 0162Y  Chesnara PLC  02 September 2022

 LEI Number: 213800VFRMBRTSZ3SJ06

 

02 September 2022

 

CHESNARA plc
("Chesnara" or "the Company")

 

NOTIFICATION OF MAJOR HOLDINGS

 

1. Issuer Details

ISIN

GB00B00FPT80

Issuer Name

CHESNARA PLC

UK or Non-UK Issuer

UK

2. Reason for Notification

Other

Comments

Intra-group business and assets transfer from Ignis Investment Services
Limited to abrdn Investment Management Limited

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

31-Aug-2022

6. Date on which Issuer notified

01-Sep-2022

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  12.809203                                             0.000000                                                                   12.809203                       19,233,973
 Position of previous notification (if applicable)                          12.077838                                             0.000000                                                                   12.077838

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)
 GB00B00FPT80                                                                          19,233,973                                                                       12.809203
 Sub Total 8.A                                19,233,973                                                                            12.809203

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                    Aberdeen Asset Management PLC
 abrdn plc                    Aberdeen Asset Managers Limited       7.041453                                                                    0.000000                                                                    7.041453

 abrdn plc
 abrdn plc                    abrdn Investments (Holdings) Limited
 abrdn plc                    abrdn Investment Management Limited   5.767741                                                                    0.000000                                                                    5.767741

 abrdn plc
 abrdn plc                    abrdn Investments (Holdings) Limited
 abrdn plc                    abrdn Capital 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 reflects the fact that the voting rights held indirectly by
the underlying investment management entity abrdn Investment Management
Limited ("aIML") increased above the 5% notifiable threshold due to an
internal corporate restructure on 31 August 2022. aIML now holds the delegated
voting rights to 5.767741% of the shares in Chesnara plc.

12. Date of Completion

01-Sep-2022

13. Place Of Completion

Aberdeen, United Kingdom

 

The above notification is made in accordance with the requirements of the EU
Market Abuse Regulation.

 

For further information, please contact:

 

 

Investor Enquiries

Sam Perowne

Head of Strategic Development & Investor Relations

Chesnara plc

E - sam.perowne@chesnara.co.uk (mailto:sam.perowne@chesnara.co.uk)

 

Media Enquiries

Roddy Watt

Director, Capital Markets

FWD

T - 020 7280 0651 / 07714 770 493

E - roddy.watt@fwdconsulting.co.uk (mailto:roddy.watt@fwdconsulting.co.uk)

 

 

Notes to Editors

Chesnara is a European life and pensions consolidator listed on the London
Stock Exchange.  It administers approximately one million policies and
operates as Countrywide Assured and CASLP in the UK, as The Waard Group,
Robein Leven N.V. and Scildon in the Netherlands, and as Movestic in Sweden.

 

Following a three pillar strategy, Chesnara's primary responsibility is the
efficient administration of its customers' life and savings policies, ensuring
good customer outcomes and providing a secure and compliant environment to
protect policyholder interests. It also adds value by writing profitable new
business in Sweden and the Netherlands and by undertaking value-adding
acquisitions of either companies or portfolios.

 

Consistent delivery of the Company strategy has enabled Chesnara to increase
its dividend for 18 years in succession. Further details are available on the
Company's website (www.chesnara.co.uk (http://www.chesnara.co.uk) ).

 

Further details are available on the Company's website (www.chesnara.co.uk
(http://www.chesnara.co.uk/) ).

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