REG - System1 Group PLC - Holding(s) in Company

System1Announcement

19/07/2022 16:00

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RNS Number : 0237T  System1 Group PLC  19 July 2022

 

     19(th) July 2022

 

System1 Group PLC (AIM: SYS1)

 ("System1", or "the Company", or "the Group")

 

TR1: Notification of major holdings

 

On 19(th) July 2022, the Company received the TR1 Standard form for
notification of major holdings as disclosed below:

 

 

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)(i)

 1a. Identity of the issuer or the underlying issuer of existing shares to                                                                                    System1 Group plc
 which voting rights are attached(ii):
 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)(iii):
 3. Details of person subject to the notification obligation(iv)
 Name                                                                                                                                                         Ruffer LLP
 City and country of registered office (if applicable)                                                                                                        London, United Kingdom
 4. Full name of shareholder(s) (if different from 3.)(v)
 Name
 City and country of registered office (if applicable)
 5. Date on which the threshold was crossed or reached(vi):                                                                                                   15 July 2022

 6. Date on which issuer notified (DD/MM/YYYY):                                                                                                               19 July 2022

 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 both in % (8.A + 8.B)  Total number of voting rights of issuer(vii)

(total of 8.B 1 + 8.B 2)
 Resulting situation on the date on which threshold was crossed or reached  4.476022%                                              0%                                                    4.476022%                       12,734,522
 Position of previous notification (if                                      5%                                                     0%                                                    5%

 applicable)

 

 8. Notified details of the resulting situation on the date on which the
 threshold was crossed or reached(viii)
 A: Voting rights attached to shares
 Class/type of                                  Number of voting rights(ix)                                                                                 % of voting rights

shares

 ISIN code (if possible)
                                                Direct                                          Indirect                                                    Direct                                           Indirect

                                                (Art 9 of Directive 2004/109/EC) (DTR5.1)       (Art 10 of Directive 2004/109/EC) (DTR5.2.1)                (Art 9 of Directive 2004/109/EC) (DTR5.1)        (Art 10 of Directive 2004/109/EC) (DTR5.2.1)
 GB00B1GVQH21                                   570,000                                         0                                                           4.476022%                                        0%
 SUBTOTAL 8. A                                  570,000                                                                                                     4.476022%

 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              Exercise/                                                   Number of voting rights that may be acquired if the instrument is        % of voting rights

date(x)
Conversion Period(xi)

                                                                                                                                    exercised/converted.
 N/A                                            N/A                     N/A                                                         N/A                                                                      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                               Exercise/                                 Physical or cash                                                  Number of voting rights  % of voting rights

date(x)
Conversion Period (xi)

                                                                                                                  settlement(xii)
 N/A                           N/A                                      N/A                                       N/A                                                               N/A                      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                                                                                                                                           X
 person or legal entity and does not control any other undertaking(s) holding
 directly or indirectly an interest in the (underlying) issuer(xiii)
 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 entity(xiv) (please add additional rows as
 necessary)
 Name(xv)                    % 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
 N/A                         N/A                                                                         N/A                                                                         N/A

 10. In case of proxy voting, please identify:
 Name of the proxy holder                                                                                N/A
 The number and % of voting rights held                                                                  N/A
 The date until which the voting rights will be held                                                     N/A

 11. Additional information(xvi)
 Ruffer LLP now controls the voting rights over 570,000 shares (4.476022% of
 the voting rights) of System1 Group plc, which are held by the discretionary
 clients of Ruffer LLP and its subsidiaries (the voting of which is all
 controlled by Ruffer LLP).

 This change from 5% to 4.476022 is due to the sale of 80,000 shares by Ruffer
 LLP on 15 July 2022.

 

 Place of completion  Ruffer LLP
 Date of completion   19/07/2022

 

 

The Company can be found at www.system1group.com (http://www.system1group.com)
.

 

 

This announcement contains inside information for the purposes of article 7 of
the Market Abuse Regulation (EU) 596/2014 as amended by regulation 11 of the
Market Abuse (Amendment) (EU Exit) Regulations 2019/310. With the publication
of this announcement, this information is now considered to be in the public
domain.

 

For further information, please contact:

 System1 Group PLC                                 Tel: +44 (0)20 7043 1000
 John Kearon, Founder and Chief Executive Officer
 Chris Willford, Chief Financial Officer
 Canaccord Genuity Limited                         Tel: +44 (0)20 7523 8000
 Simon Bridges / Andrew Potts

 

 

 

 

 

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