REG - Non-Standard Fin - Holding(s) in Company

Non-Standard FinanceAnnouncement

18/12/2019 10:05

RNS Number : 3184X
Non-Standard Finance PLC
18 December 2019
 


TR-1: Standard form for notification of major holdings
 



NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i










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


Non Standard Finance




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 obligationiv




Name


Marathon Asset Management LLP




City and country of registered office (if applicable)


London, UK




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




Name


See attached breakdown




City and country of registered office (if applicable)








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


17December 2019




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


18 December 2019




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


10.85


0


10.85


312,437,422




Position of previous notification (if
applicable)


11.54


0


11.54
















 



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)




Ordinary shares
ISIN: GB00BRJ6JV17






33,894,113






10.85




SUBTOTAL 8. A


33,894,113


10.85




 
 




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




N/A




























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




N/A




































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


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 (please add additional rows as necessary)








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




























10. In case of proxy voting, please identify:




Name of the proxy holder








The number and % of voting rights held








The date until which the voting rights will be held














11. Additional informationxvi




Breakdown of shares controlled by Marathon Asset Management LLP:
 



Custodian


Nominal




Bank of America Merrill Lynch


6,524,615




Bank of New York Mellon


5,109,274




BNP Paribas


19,594




Brown Brothers Harriman


1,898,967




JP Morgan Chase


750,864




Northern Trust


12,706,701




State Street Bank & Trust Company, Boston


9,464,423




Total


36,474,438



 
The shares referred to in this disclosure correspond to a number of funds and accounts managed by portfolio managers under the control of Marathon Asset Management LLP.  The provided breakdown of holdings refer to the total number of shares in the issuer controlled by Marathon Asset Management LLP but the firm only has authority to vote in connection with 33,894,113 shares.










 



Place of completion


London, UK




Date of completion


18 December 2019



 
 




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