Notification of Major Holdings

SCS

21/11/2019 16:52

RNS Number : 2795U

ScS Group PLC

21 November 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)
1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:
SCS GROUP PLC
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):
3. Details of person subject to the notification obligation
Name
STADIUM CAPITAL MANAGEMENT GP, L.P., a Delaware limited partnership (USA)
STADIUM CAPITAL MANAGEMENT, LLC, a Delaware limited liability company (USA)
SK FAMILY INVESTMENTS, LLC, a Delaware limited liability company (USA)
City and country of registered office (if applicable)
See above
4. Full name of shareholder(s)(if different from 3.)
Name
BNP Paribas
City and country of registered office (if applicable)
New York, USA
5. Date on which the threshold was crossed or reached:
19 NOVEMBER 2019
6. Date on which issuer notified (DD/MM/YYYY):
21 NOVEMBER 2019
7. Total positions of person(s) subject to the notification obligation
% of voting rights attached to shares (total of 8. A)
% ofvoting rights throughfinancial instruments
 (total of 8.B 1 + 8.B 2)
Total of both in % (8.A + 8.B)
Total number of voting rights of issuer
Resulting situation on the date on which threshold was crossed or reached
5.08%
N/A
5.08%
38,012,655
Position of previous notification (if
applicable)
N/A
N/A
N/A


 

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached
A: Voting rights attached to shares
Class/type of
 shares
ISIN code (if possible)
Number of voting rights
% 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
N/A
1,931,176
N/A
5.08%
SUBTOTAL 8. A
1,931,176
5.08%
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
 date
Exercise/
 Conversion Period
Number of voting rights that may be acquired if the instrument is
exercised/converted.
% of voting rights
N/A
SUBTOTAL 8. B 1
N/A
N/A
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
 date
Exercise/
 Conversion Period
Physical or cash
settlement
Number of voting rights
% of voting rights
N/A
SUBTOTAL 8.B.2
N/A
N/A


 

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) issuer
Fullchain 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 entity(please add additional rows as necessary)
X
Name
% 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
SK Family Investments, LLC
Stadium Capital Management, LLC
Stadium Capital Management GP
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 information
Stadium Capital Management, LLC is the general partner of Stadium Capital Management GP, L.P. (the "GP"), which is the general partner of Stadium Capital Partners, LP and Stadium Capital Qualified Partners, L.P. The GP has delegated investment advisory responsibilities with respect to Stadium Capital Partners, LP and Stadium Capital Qualified Partners, LP to Stadium Capital Management, LLC.
Stadium Capital Management, LLC is a controlled undertaking of SK Family Investments LLC as a result of its right to appoint a majority of the managers of Stadium Capital Management, LLC. The members of SK Family Investments LLC are Alexander M. Seaver and Bradley R. Kent, who are also the only managers of Stadium Capital Management, LLC on the date of this notification. Neither Alexander M. Seaver nor Bradley R. Kent constitutes an indirect holder of Stadium Capital Management, LLC or SK Family Investments LLC for the purposes of the disclosure obligation under DTR 5.


 

Place of completion
London, United Kingdom
Date of completion
21 NOVEMBER 2019

 

 

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