REG - Network Intnl Hldgs JPMorgan Chase & Co - Holding(s) in Company

JPMorgan Chase & CoAnnouncement

27/07/2023 16:00

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RNS Number : 3952H  Network International Holdings PLC  27 July 2023

TR-1: Standard form for notification of major holdings

1. Issuer Details

ISIN

GB00BH3VJ782

Issuer Name

NETWORK INTERNATIONAL HOLDINGS 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

JPMorgan Chase & Co.

City of registered office (if applicable)

 

Country of registered office (if applicable)

US

4. Details of the shareholder

 Name                        City of registered office  Country of registered office
 J.P. Morgan Securities plc

5. Date on which the threshold was crossed or reached

24-Jul-2023

6. Date on which Issuer notified

26-Jul-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 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  6.020949                                              1.692895                                                                   7.713844                        41095646
 Position of previous notification (if applicable)                          5.932881                                              1.772836                                                                   7.705717

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)
 GB00BH3VJ782                                                                          32076559                                                                         6.020949
 Sub Total 8.A                                32076559                                                                              6.020949%

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
 Cash-settled Equity Swap      27/09/2023       27/09/2023                  Cash                         5224951                  0.980751
 Cash-settled Equity Swap      16/11/2023       16/11/2023                  Cash                         2657269                  0.498784
 Cash-settled Equity Swap      29/11/2023       29/11/2023                  Cash                         12315                    0.002301
 Cash-settled Equity Swap      08/02/2024       08/02/2024                  Cash                         407785                   0.076540
 Cash-settled Equity Swap      17/05/2024       17/05/2024                  Cash                         733                      0.000137
 Cash-settled Equity Swap      04/06/2024       04/06/2024                  Cash                         70740                    0.013272
 Cash-settled Equity Swap      19/06/2024       19/06/2024                  Cash                         361000                   0.067761
 Cash-settled Equity Swap      02/07/2024       02/07/2024                  Cash                         1005                     0.000187
 Cash-settled Equity Swap      23/07/2024       23/07/2024                  Cash                         240507                   0.045133
 Cash-settled Equity Swap      31/07/2024       31/07/2024                  Cash                         23853                    0.004477
 Cash-settled Equity Swap      03/09/2024       03/09/2024                  Cash                         2989                     0.000561
 Cash-settled Equity Swap      22/03/2027       22/03/2027                  Cash                         1477                     0.000277
 Cash-settled Equity Swap      30/05/2028       30/05/2028                  Cash                         9326                     0.001750
 Cash-settled Equity Swap      12/06/2028       12/06/2028                  Cash                         5137                     0.000964
 Sub Total 8.B2                                                                                          9019087                  1.692895%

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
 JPMorgan Chase & Co.         J.P. Morgan Securities plc      5.906370                                                                                                                                                7.599265%
 JPMorgan Chase & Co.         J.P. Morgan Securities LLC

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

Chain of controlled undertakings:

JPMorgan Chase & Co.

JPMorgan Chase Bank, National Association (100%)

J.P. Morgan International Finance Limited (100%)

J.P. Morgan Capital Holdings Limited (100%)

J.P. Morgan Securities plc (100%)

JPMorgan Chase & Co.

JPMorgan Chase Holdings LLC (100%)

J.P. Morgan Broker-Dealer Holdings Inc. (100%)

J.P. Morgan Securities LLC (100%)

12. Date of Completion

26-Jul-2023

13. Place Of Completion

London

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