REG - Chesnara PLC Standard Life Aberdn - Holding(s) in Company

ChesnaraAnnouncement

01/05/2020 07:00

RNS Number : 5639L
  
Chesnara PLC
  
01 May 2020
  
 

CHESNARA plc 
("Chesnara" or "the Company")
 
LEI Number: 213800VFRMBRTSZ3SJ06
 
01 May 2020
 
NOTIFICATION OF MAJOR HOLDINGS
 
TR-1: Standard Form for Notification of Major Holdings
 



1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: 


Chesnara plc




1b. Please indicate if the issuer is a non-UK issuer  (please mark with an "X" if appropriate)




Non-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




Name


Aggregate of Standard Life Aberdeen plc affiliated investment management entities with delegated voting rights on behalf of multiple managed portfolios




City and country of registered office (if applicable)


Edinburgh, Scotland




4. Full name of shareholder(s) (if different from 3.)v




Name








City and country of registered office (if applicable)








5. Date on which the threshold was crossed or reachedvi:


29/04/2020




6. Date on which issuer notified (DD/MM/YYYY):


30/04/2020




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 of issuervii




Resulting situation on the date on which threshold was crossed or reached


16.12


0.00


16.12


150,061,567




Position of previous notification (if 
applicable)


15.14


0.00


15.14
















 



8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii




A: Voting rights attached to shares




Class/type of

shares
ISIN code (if possible)


Number of voting rightsix


% of voting rights




Direct
(Art 9 of Directive 2004/109/EC) (DTR5.1)


Indirect
(Art 10 of Directive 2004/109/EC) (DTR5.2.1)


Direct
(Art 9 of Directive 2004/109/EC) (DTR5.1)


Indirect
(Art 10 of Directive 2004/109/EC) (DTR5.2.1)




GB00B00FPT80


N/A


24,188,167


N/A


16.12


























SUBTOTAL 8. A


24,188,167


16.12




 
 




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

datex


Exercise/

Conversion Periodxi


Number of voting rights that may be acquired if the instrument is 
Exercised/converted.


% of voting rights
























































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

datex


Exercise/

Conversion Period xi


Physical or cash 
settlementxii


Number of voting rights 


% of voting rights










































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) issuerxiii








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 entityxiv (please add additional rows as necessary)


X




Namexv


% 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 than the notifiable threshold


Total of both if it equals or is higher than the notifiable threshold




Standard Life Aberdeen plc
















Standard Life Investments (Holdings) Limited
















Standard Life Investments Limited


10.06


0.00


10.06






















Standard Life Aberdeen plc
















Aberdeen Asset Management PLC
















Aberdeen Asset Managers Limited 


5.36


0.00


5.36






















Standard Life Aberdeen plc
















Aberdeen Asset Management PLC
















Aberdeen Asset Investment Group Limited
















Aberdeen Asset Investments Limited 






















 



10. In case of proxy voting, please identify:




Name of the proxy holder


N/A




The number and % of voting rights held


N/A




The date until which the voting rights will be held


N/A










11. Additional informationxvi




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 is also to reflect the fact that the voting rights effectively held indirectly by the underlying intermediate holding company Standard Life Investments (Holdings) Limited ("SLIHL") and held by the underlying investment management entity Standard Life Investments Limited ("SLIL") increased above the 10% notifiable threshold due to trading on 29 April 2020. SLIHL now effectively holds the delegated voting rights to 10.06% of the shares in Chesnara plc.  Prior to this crossing SLIHL effectively held 9.90%.  SLIL now holds the delegated voting rights to 10.06%. Prior to this crossing SLIL held 9.90%.



 



Place of completion


Edinburgh, United Kingdom




Date of completion


30/04/2020



 
The above notification is made in accordance with the requirements of the EU Market Abuse Regulation.
 
For further information, please contact: 
 
Roddy Watt
Director, Capital Markets
FWD
Forward thinking communications
 
T   -    020 7280 0651   
E   -    roddy.watt@fwdconsulting.co.uk 
 
Notes to Editors
Chesnara is a life and pensions company listed on the London Stock Exchange. It administers over one million policies with those assets spread broadly equally across businesses in the UK, the Netherlands and Sweden. Chesnara operates as Countrywide Assured in the UK, as The Waard Group 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 15 years in succession.
 
Further details are available on the Company's website (www.chesnara.co.uk ).
 
 


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