REG - Cairn Homes plc - Holding(s) in Company

Marsh & McLennan CompaniesAnnouncement

06/11/2020 18:20

RNS Number : 5800E
  
Cairn Homes plc
  
06 November 2020
  
 

Standard Form TR-1
Standard form for notification of major holdings



NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the Central Bank of Ireland)i










1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii: 
Cairn Homes PLC




2. Reason for the notification (please tick the appropriate box or boxes):
[  ] 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 obligationiv : 




Name: Soros Fund Management LLC


City and country of registered office (if applicable): 
Wilmington, United States




4. Full name of shareholder(s) (if different from 3.)v:
N/A




5. Date on which the threshold was crossed or reachedvi:
8 October 2020
 




6. Date on which issuer notified: 6 November 2020




7. Threshold(s) that is/are crossed or reached: 3% 




8. Total positions of person(s) subject to the notification obligation:








% of voting rights attached to shares (total of 9.A)


% of voting rights through financial instruments

(total of 9.B.1 + 9.B.2)


Total of both in % (9.A + 9.B)


Total number of voting rights of issuervii




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


0.00%


2.87%


2.87%


749,334,063




Position of previous notification (if applicable)


0.00%


3.21%


3.21%


752,256,180



 



9. 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
 


 
Indirect
 


 
Direct
 


 
Indirect
 
















































SUBTOTAL A


























B 1: Financial Instruments according to Regulation 17(1)(a) of the Regulations  




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 B.1


















B 2: Financial Instruments with similar economic effect according to Regulation 17(1)(b) of the Regulations




Type of financial instrument


Expiration

datex


Exercise/

Conversion Period xi


Physical or cash settlementxii


Number of voting rights 


% of voting rights




CFD


N/A


N/A


Cash settlement


21,515,950


2.87%




































































SUBTOTAL B.2


21,515,950


2.87%




10. Information in relation to the person subject to the notification obligation (please tick the applicable box):
 
[ ] 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) issuer.xiii
 
[X] 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:
 


 




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


 




Soros Fund Management LLC














 




QE Investment Holdings Limited














 




Quantum Support Services (Ireland) Limited


0.00%


2.87%


2.87%


 




















 




Soros Fund Management LLC














 




Quantum Endowment Partners L.P.














 




Quantum Support Services (Ireland) Limited


0.00%


2.87%


2.87%


 








 




11. In case of proxy voting: [name of the proxy holder] will cease to hold [% and number] voting rights as of [date]
 


 








 




12. Additional informationxvi:  As noted above, the transaction took place on October 8, 2020. We sincerely apologize for the delay in making this notification, which was due to an internal reporting oversight. We have adjusted our internal procedures to prevent such oversights in the future. The above-referenced transaction was executed in London and our internal system incorrectly flagged Cairn Homes plc in accordance with the UK Financial Conduct Authority's Disclosure and Transparency Rules (under which the threshold for reporting is 5%) on the basis that it was understood that the Home Member State of Cairn Homes plc is the United Kingdom. This notification is now being made in accordance with the requirements of the Transparency (Directive 2004/109/Ec) Regulations and Central Bank (Investment Market Conduct) Rules on the basis that the Home Member State is Ireland.


 



















 
Done at New York on 6 November 2020.
 
 

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