Holding(s) in Company & Update on Hg Shareholding
Holding(s) in Company & Update on Hg Shareholding
On 4 June 2026, HgCapital Trust plc ("HgT" or the "Company") announced the intention of Hg, the manager of HgT, to make an increased strategic investment in HgT, with an active programme to increase the ownership of Hg partners and employees (the "Hg Partners and Employees") and the Hg balance sheet (the "Hg Balance Sheet") from their existing shareholding of ~6% to over 15%, over the medium term, through on-market purchases.
Further to that announcement, HgT today provides an update on how the Hg shareholding will be notified to the market going forward and a corresponding notification of major holdings as at 8 September 2026.
Position on 4 June 2026
Hg Partners and Employees in aggregate held ~6% of the voting rights in HgT, of which ~5.3% was held by certain Hg individuals with influence over the investment activities of the Hg Balance Sheet. The Hg Balance Sheet itself did not own any shares in HgT.
Ongoing disclosure of Hg holdings
Further to the announcement on 4 June 2026, the Hg Balance Sheet has started to build a stake in HgT, making its first purchase on 12 June 2026. In accordance with the FCA's Disclosure and Transparency Rules sourcebook ("DTR"), the voting rights held by certain Hg individuals (the "Controlling Individuals") and the Hg Balance Sheet (together, the "Concert Party") are aggregated for the purposes of major shareholding notifications under DTR 5, pursuant to an agreement between the Concert Party relating to a common policy for the management of HgT.
Going forward, HgT will notify the market whenever the Concert Party's aggregated holding crosses a reportable threshold. Accordingly, the TR-1 filing below has been provided in relation to transactions in the shares of the Company.
Separately, HgT will continue to report the total of all Hg holdings, including those of Hg Partners and Employees not included in the Concert Party, in the Company's annual report, in-line with current practice.
TR-1: Standard form for notification of major holdings
1. Issuer Details
ISIN
GB00BJ0LT190
Issuer Name
HGCAPITAL TRUST 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
P&E Aggregator 2 D, L.P.
City of registered office (if applicable)
ST PETER PORT
Country of registered office (if applicable)
Guernsey
Name
City of registered office
Country of registered office
Matthew Brockman
London
UK
Copper Ash
London
UK
Jean-Baptiste Brian
London
UK
Steven Batchelor
London
UK
Nicholas James Humphries
London
UK
Jumi3 GmbH
Munich
Germany
Justin Tobias John Von Simson
Munich
Germany
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
07-Sep-2026
6. Date on which Issuer notified
08-Sep-2026
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
6.007900
0.000000
6.007900
27215541
Position of previous notification (if applicable)
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)
GB00BJ0LT190
3436059
23779482
0.758500
5.249400
Sub Total 8.A
27215541
6.007900%
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 exercised/converted
% of voting rights
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 than the notifiable threshold
Total of both if it equals or is higher than the notifiable threshold
Justin von Simson
Jumi3 GmbH
3.235800
0.000000
3.235800%
Jean-Baptiste Brian
Copper Ash
P&E Aggregator 2 D, L.P.
Nicholas James Humphries
Steven Batchelor
Matthew Brockman
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
If date does not apply, explain below
11. Additional Information
12. Date of Completion
08-Sep-2026
13. Place Of Completion
London, UK
For further information, please contact:
HgCapital Trust
Laura Dixonlaura.dixon@hgcapital.com
+44 78 2459 2894
George Crowe
george.crowe@hgcapital.com
+44 7774 617 150
Cadarn
Lucy Clark
lucy@cadarncapital.com
+44 (0)7984 184 461
David Harris
david@cadarncapital.com
+44 (0)7368 883 211
About HgCapital Trust plc
HgCapital Trust plc is an investment company whose shares are listed on the London Stock Exchange (HGT.L). HGT gives investors exposure, through a liquid vehicle, to a portfolio of high-growth unquoted companies, managed by Hg, an experienced and well-resourced private equity firm with a long-term track record of delivering superior risk-adjusted returns for its investors.
For further details, see hgcapitaltrust.com and hgcapital.com
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