REG - Chesnara PLC - Holding(s) in Company

ChesnaraAnnouncement

19/12/2022 07:00

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RNS Number : 0572K  Chesnara PLC  19 December 2022

 LEI Number: 213800VFRMBRTSZ3SJ06

 

19(th) December 2022

 

CHESNARA plc (CSN.L)

("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

An acquisition or disposal of voting rights

3. Details of person subject to the notification obligation

Name

Ameriprise Financial, Inc.

City of registered office (if applicable)

Minneapolis

Country of registered office (if applicable)

United States

4. Details of the shareholder

 Name                  City of registered office  Country of registered office
 Vidacos Nominees Ltd

5. Date on which the threshold was crossed or reached

13-Dec-2022

6. Date on which Issuer notified

15-Dec-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  11.980000                                             0.000000                                                                   11.980000                       18012341
 Position of previous notification (if applicable)                          12.651%                                               0.000%                                                                     12.651%

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                                 0                                        18012341                                     0.000000                            11.980000
 Sub Total 8.A                                18012341                                                                              11.980000%

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
 Ameriprise Financial, Inc. (Chain 1)                                                              0.000000                                                                    0.000000                                                                    0.000000%
 Ameriprise Financial, Inc.            Columbia Threadneedle Investments UK International Limited  0.000000                                                                    0.000000                                                                    0.000000%
 Ameriprise Financial, Inc.            Columbia Threadneedle (Europe) Limited                      0.000000                                                                    0.000000                                                                    0.000000%
 Ameriprise Financial, Inc.            Columbia Threadneedle AM (Holdings) Plc                     0.000000                                                                    0.000000                                                                    0.000000%
 Ameriprise Financial, Inc.            Columbia Threadneedle Group (Holdings) Limited              0.000000                                                                    0.000000                                                                    0.000000%
 Ameriprise Financial, Inc.            Columbia Threadneedle Group (Management) Limited            0.000000                                                                    0.000000                                                                    0.000000%
 Ameriprise Financial, Inc.            Columbia Threadneedle Holdings Limited                      0.000000                                                                    0.000000                                                                    0.000000%
 Ameriprise Financial, Inc.            Columbia Threadneedle Management Limited                    0.000000                                                                    0.000000                                                                    0.000000%
 Ameriprise Financial, Inc. (Chain 2)
 Ameriprise Financial, Inc.            TAM UK International Holdings Limited                       0.000000                                                                    0.000000                                                                    0.000000%
 Ameriprise Financial, Inc.            Threadneedle Holdings Limited                               0.000000                                                                    0.000000                                                                    0.000000%
 Ameriprise Financial, Inc.            TAM UK Holdings Limited                                     0.000000                                                                    0.000000                                                                    0.000000%
 Ameriprise Financial, Inc.            Threadneedle Asset Management Holdings Limited              0.000000                                                                    0.000000                                                                    0.000000%
 Ameriprise Financial, Inc.            TC Financing Limited                                        0.000000                                                                    0.000000                                                                    0.000000%
 Ameriprise Financial, Inc.            Threadneedle Asset Management Limited                       11.965000                                                                   0.000000                                                                    11.965000%

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

Threadneedle Asset Management Limited is wholly owned by TC Financing Limited,
which is itself wholly owned by Threadneedle Asset Management Holdings
Limited, which is itself wholly owned by TAM UK Holdings Limited, which is
itself wholly owned by Threadneedle Holdings Limited, which is itself wholly
owned by TAM UK International Holdings Limited, which is itself wholly owned
by Ameriprise Financial, Inc.

Columbia Threadneedle Management Limited is wholly owned by Columbia
Threadneedle Holdings Limited, which is wholly owned by Columbia Threadneedle
Group (Management) Limited, which is wholly owned by Columbia Threadneedle
Group (Holdings) Limited, which is wholly owned by Columbia Threadneedle AM
(Holdings) Plc, which is wholly owned by Columbia Threadneedle (Europe)
Limited, which is wholly owned by Columbia Threadneedle Investments UK
International Limited, which is wholly owned by Ameriprise Financial, Inc.

12. Date of Completion

15-Dec-2022

13. Place Of Completion

Swindon, UK

 

 

The above notification is made in accordance with the requirements of the EU
Market Abuse Regulation and FCA's Disclosure and Transparency Rules
sourcebook.

 

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 (CSN.L) 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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