REG - SSE Plc JPMorgan Chase & Co - Holding(s) in Company

SSEAnnouncement

30/12/2024 09:00

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RNS Number : 5854R  SSE PLC  30 December 2024

TR-1: Standard form for notification of major holdings

1. Issuer Details

ISIN

GB0007908733

Issuer Name

SSE 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

23-Dec-2024

6. Date on which Issuer notified

27-Dec-2024

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  4.990016                                              1.083689                                                                   6.073705                        67024108
 Position of previous notification (if applicable)                          4.134326                                              1.348624                                                                   5.482950

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)
 GB0007908733                                                                          55063873                                                                         4.990016
 Sub Total 8.A                                55063873                                                                              4.990016%

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
 Physically settled Call Option  21/02/2025       21/02/2025                  221000                                                             0.020027
 Depository Receipt                                                           30000                                                              0.002718
 Sub Total 8.B1                                                               251000                                                             0.022745%

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      16/01/2025       16/01/2025                  Cash                         93809                    0.008500
 Cash-settled Equity Swap      31/01/2025       31/01/2025                  Cash                         68947                    0.006243
 Cash-settled Equity Swap      21/02/2025       21/02/2025                  Cash                         130                      0.000011
 Cash-settled Equity Swap      27/02/2025       27/02/2025                  Cash                         4715                     0.000427
 Cash-settled Equity Swap      18/03/2025       18/03/2025                  Cash                         397                      0.000035
 Cash-settled Equity Swap      08/05/2025       08/05/2025                  Cash                         2664                     0.000241
 Cash-settled Equity Swap      29/05/2025       29/05/2025                  Cash                         1918                     0.000173
 Cash-settled Equity Swap      03/06/2025       03/06/2025                  Cash                         625704                   0.056696
 Cash-settled Equity Swap      07/07/2025       07/07/2025                  Cash                         3226999                  0.292430
 Cash-settled Equity Swap      29/07/2025       29/07/2025                  Cash                         454                      0.000031
 Cash-settled Equity Swap      06/08/2025       06/08/2025                  Cash                         3194                     0.000285
 Cash-settled Equity Swap      12/08/2025       12/08/2025                  Cash                         860                      0.000077
 Cash-settled Equity Swap      13/08/2025       13/08/2025                  Cash                         4969554                  0.450352
 Cash-settled Equity Swap      19/08/2025       19/08/2025                  Cash                         896929                   0.081278
 Cash-settled Equity Swap      02/09/2025       02/09/2025                  Cash                         1957                     0.000176
 Cash-settled Equity Swap      10/09/2025       10/09/2025                  Cash                         8183                     0.000741
 Cash-settled Equity Swap      05/11/2025       05/11/2025                  Cash                         126124                   0.011395
 Cash-settled Equity Swap      19/11/2025       19/11/2025                  Cash                         533                      0.000047
 Cash-settled Equity Swap      02/12/2025       02/12/2025                  Cash                         77627                    0.007023
 Cash-settled Equity Swap      08/12/2025       08/12/2025                  Cash                         957                      0.000086
 Cash-settled Equity Swap      16/12/2025       16/12/2025                  Cash                         163                      0.000014
 Cash-settled Equity Swap      22/12/2025       22/12/2025                  Cash                         62700                    0.005675
 Cash-settled Equity Swap      24/12/2025       24/12/2025                  Cash                         1342                     0.000121
 Cash-settled Equity Swap      31/12/2025       31/12/2025                  Cash                         1211                     0.000109
 Cash-settled Equity Swap      05/01/2026       05/01/2026                  Cash                         136841                   0.012400
 Cash-settled Equity Swap      07/01/2026       07/01/2026                  Cash                         20725                    0.001829
 Cash-settled Equity Swap      14/01/2026       14/01/2026                  Cash                         68729                    0.006226
 Cash-settled Equity Swap      19/01/2026       19/01/2026                  Cash                         872                      0.000078
 Cash-settled Equity Swap      20/01/2026       20/01/2026                  Cash                         24095                    0.002183
 Cash-settled Equity Swap      19/06/2026       19/06/2026                  Cash                         110818                   0.010039
 Cash-settled Equity Swap      02/10/2026       02/10/2026                  Cash                         115964                   0.010508
 Cash-settled Equity Swap      07/10/2026       07/10/2026                  Cash                         358394                   0.032477
 Cash-settled Equity Swap      16/10/2026       16/10/2026                  Cash                         108740                   0.009854
 Cash-settled Equity Swap      23/11/2026       23/11/2026                  Cash                         148385                   0.013445
 Cash-settled Equity Swap      25/11/2026       25/11/2026                  Cash                         145706                   0.013201
 Cash-settled Equity Swap      07/12/2026       07/12/2026                  Cash                         141562                   0.012828
 Cash-settled Equity Swap      11/07/2028       11/07/2028                  Cash                         62648                    0.005677
 Cash-settled Equity Swap      01/11/2028       01/11/2028                  Cash                         9914                     0.000898
 Cash-settled Equity Swap      02/03/2029       02/03/2029                  Cash                         30933                    0.002802
 Cash-settled Equity Swap      02/11/2029       02/11/2029                  Cash                         39287                    0.003559
 Cash-settled Equity Swap      23/11/2029       23/11/2029                  Cash                         14                       0.000001
 Cash-settled Call Option      05/12/2028       05/12/2028                  Cash                         8537                     0.000773
 Sub Total 8.B2                                                                                          11709235                 1.060944%

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      4.934952                                                                                                                                                5.998590%
 JPMorgan Chase & Co.         J.P. Morgan SE
 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%)

JPMorgan Chase & Co.

JPMorgan Chase Bank, National Association (100%)

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

J.P. Morgan SE (100%)

12. Date of Completion

27-Dec-2024

13. Place Of Completion

London, United Kingdom

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