REG - SSE Plc JPMorgan Chase & Co - TR-1 Notification of Major Shareholding

SSEAnnouncement

19/01/2023 09:15

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RNS Number : 2720N  SSE PLC  19 January 2023

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

13-Jan-2023

6. Date on which Issuer notified

17-Jan-2023

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  5.058668                                              0.142137                                                                   5.200805                        56324071
 Position of previous notification (if applicable)                          4.957312                                              0.130112                                                                   5.087424

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                                                                          54673418                                                                         5.058668
 Sub Total 8.A                                54673418                                                                              5.058668%

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
 Depository Receipt              n/a              n/a                         353455                                                             0.032703
 Physically Settled Call Option  n/a              24/02/2023                  20700                                                              0.001915
 Sub Total 8.B1                                                               374155                                                             0.034618%

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      19/04/2023       19/04/2023                  Cash                         5543                     0.000512
 Cash-settled Equity Swap      30/05/2023       30/05/2023                  Cash                         348479                   0.032224
 Cash-settled Equity Swap      21/06/2023       21/06/2023                  Cash                         8259                     0.000764
 Cash-settled Equity Swap      28/09/2023       28/09/2023                  Cash                         1386                     0.000128
 Cash-settled Equity Swap      20/11/2023       20/11/2023                  Cash                         62607                    0.005790
 Cash-settled Equity Swap      27/12/2023       27/12/2023                  Cash                         40500                    0.003740
 Cash-settled Equity Swap      28/12/2023       28/12/2023                  Cash                         177489                   0.016419
 Cash-settled Equity Swap      03/01/2024       03/01/2024                  Cash                         45670                    0.004224
 Cash-settled Equity Swap      09/01/2024       09/01/2024                  Cash                         1451                     0.000134
 Cash-settled Equity Swap      16/01/2024       16/01/2024                  Cash                         27539                    0.002548
 Cash-settled Equity Swap      18/01/2024       18/01/2024                  Cash                         4948                     0.000457
 Cash-settled Equity Swap      24/01/2024       24/01/2024                  Cash                         26921                    0.002490
 Cash-settled Equity Swap      02/02/2024       02/02/2024                  Cash                         93                       0.000007
 Cash-settled Equity Swap      07/02/2024       07/02/2024                  Cash                         3322                     0.000306
 Cash-settled Equity Swap      14/02/2024       14/02/2024                  Cash                         3200                     0.000296
 Cash-settled Equity Swap      15/02/2024       15/02/2024                  Cash                         1165                     0.000107
 Cash-settled Equity Swap      04/03/2024       04/03/2024                  Cash                         1291                     0.000116
 Cash-settled Equity Swap      17/07/2024       17/07/2024                  Cash                         154040                   0.014251
 Cash-settled Equity Swap      07/01/2026       07/01/2026                  Cash                         28507                    0.002637
 Cash-settled Equity Swap      27/04/2026       27/04/2026                  Cash                         43192                    0.003994
 Cash-settled Equity Swap      04/12/2026       04/12/2026                  Cash                         577                      0.000053
 Cash-settled Equity Swap      02/06/2027       02/06/2027                  Cash                         811                      0.000074
 Cash-settled Equity Swap      02/09/2027       02/09/2027                  Cash                         137553                   0.012725
 Cash-settled Equity Swap      02/12/2027       02/12/2027                  Cash                         6413                     0.000592
 Cash-settled Equity Swap      07/01/2028       07/01/2028                  Cash                         9044                     0.000836
 Cash-settled Call Option      03/02/2023       03/02/2023                  Cash                         54000                    0.000718
 Cash-settled Call Option      24/02/2023       24/02/2023                  Cash                         40800                    0.000348
 Cash-settled Call Option      31/03/2023       31/03/2023                  Cash                         41698                    0.001029
 Sub Total 8.B2                                                                                          1276498                  0.107519%

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                 4.912209                                                                                                                                                5.017633%
 JPMorgan Chase & Co.         JPMorgan Chase Bank, National Association
 JPMorgan Chase & Co.         J.P. Morgan SE
 JPMorgan Chase & Co.         J.P. Morgan Securities LLC
 JPMorgan Chase & Co.         J.P. Morgan Markets Limited

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%)

JPMorgan Chase & Co.

JPMorgan Chase Bank, National Association (100%)

JPMorgan Chase & Co.

JPMorgan Chase Holdings LLC (100%)

Bear Stearns Irish Holdings LLC (100%)

J.P. Morgan Financial Investments Limited (100%)

J.P. Morgan Markets Limited (100%)

12. Date of Completion

17-Jan-2023

13. Place Of Completion

London

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