TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES (i)
1. Identity of the issuer or the underlying issuer Syncona Ltd (formerly BACIT Ltd)
of existing shares to which voting rights are
attached: (ii)
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights x
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments
An event changing the breakdown of voting rights
Other (please specify): Type 1 disclosure as per the Transparency Directive II Regulation x
3. Full name of person(s) subject to the Schroders plc
notification obligation: (iii)
4. Full name of shareholder(s) (if different from 3.): (iv)
5. Date of the transaction and date on 23.12.16
which the threshold is crossed or
reached: (v)
6. Date on which issuer notified: 29.12.16
7. Threshold(s) that is/are crossed or Below 5%
reached: (vi, vii)
8. Notified details:
A: Voting rights attached to shares (viii, ix)
Class/type of Situation previous Resulting situation after the triggering transaction
shares if possible using the ISIN CODE to the triggering
transaction
Number Number Number Number of voting % of
of of of shares rights votin
Shares Voting g
Rights right
s (x)
Direct Direct (xi) Indirect (xii) Direct Indirect
Ordinary GG00B8P59C08 18,522,675 18,522,675 26,911,943 N/A 26,911,943 N/A 4.088%
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial Expiration Exercise/ Number of voting % of voting
instrument date (xiii) Conversion Period (xiv) rights that may be rights
acquired if the
instrument is
exercised/ converted.
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments (xv, xvi)
Resulting situation after the triggering transaction
Type of financial Exercise price Expiration date (xvii) Exercise/ Number of voting rights instrument refers to % of voting rights (xix, xx)
instrument Conversion period (xviii)
Nominal Delta
Total (A+B+C)
Number of voting rights Percentage of voting rights
26,911,943 4.088%
9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable: (xxi)
Schroder & Co. Limited 24,173,160 3.672%
Schroder (C.I.) Limited 1,275,140 0.194%
Schroder Investment Management Limited 1,463,643 0.222%
Proxy Voting:
10. Name of the proxy holder:
11. Number of voting rights proxy holder will cease
to hold:
12. Date on which proxy holder will cease to hold
voting rights:
13. Additional information: The shares referred to in section 9 are held in portfolios managed by those firms on a discretionary basis for clients under investment management agreements. This disclosure has been calculated based on issue share capital amount 658,387,407.
14. Contact name: Shaheen Hussain
15. Contact telephone number: +44 207 658 6000
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