RNS Number : 9781H
Property Franchise Group PLC (The)
09 May 2025
TR-1: Standard form for notification of major holdings
1. Issuer Details
ISIN
GB00BH0WFH67
Issuer Name
THE PROPERTY FRANCHISE GROUP 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
Close Asset Management Limited
City of registered office (if applicable)
London
Country of registered office (if applicable)
United Kingdom
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-May-2025
6. Date on which Issuer notified
08-May-2025
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
4.660000
0.000000
4.660000
2972736
Position of previous notification (if applicable)
6.520000
0.000000
6.520000
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)
GB00BH0WFH67
2972736
4.660000
Sub Total 8.A
2972736
4.660000%
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
Close Brothers Asset Management
4.660000
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
For context, the last TR1 submission made for PROPERTY FRANCHISE PLC ORD 1P on 23/03/2021 showed holding of 9.4%. This security was then added to the Takeover Panel and the last 8.3 submission was made on 23/02/2024 showing holding of 6.52%.
On 07/05/2025, Close Asset Management Limited sold 618,746 shares in PROPERTY FRANCHISE PLC ORD 1P. This brought our shareholding down to 4.66% of the shares in issue. This is based on the shares in issue figure of 63,752,008 as at 07/05/2025. This is the required notification that the holding has crossed below 5% of the shares in issue.
12. Date of Completion
08-May-2025
13. Place Of Completion
UK
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