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

System1Announcement

24/05/2024 10:30

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RNS Number : 8419P  System1 Group PLC  24 May 2024

 

     24 May 2024

 

System1 Group PLC (AIM: SYS1)

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

 

TR1: Notification of major holdings

 

On 24(th) May 2024, the Company received the TR1 Standard form for
notification of major holdings as disclosed below:

 

 

TR-1: Standard form for notification of major holdings

 

 1a. Identity of the issuer or the underlying issuer of existing shares to                                                                                    System1 Group plc
 which voting rights are attached(ii):

                                                                                                                                                              LEI: 213800TDLR42C3Q9ZB74
 1b. Please indicate if the issuer is a non-UK issuer
 Non-UK issuer
 2. Reason for the notification
 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                                                                                                                                                         Kestrel Partners LLP
 City and country of registered office (if applicable)                                                                                                        LONDON, UK
 4. Full name of shareholder(s) (if different from 3.)(v)
 Name                                                                                                                                                         Kestrel Opportunities, a cell of Guernsey Portfolios PCC Ltd (through Bank of
                                                                                                                                                              New York Nominees Ltd) and a client of Kestrel Partners LLP (through Bank of
                                                                                                                                                              New York Nominees Ltd)
 City and country of registered office (if applicable)
 5. Date on which the threshold was crossed or reached(vi):                                                                                                   23 May 2024
 6. Date on which issuer notified:                                                                                                                            24 May 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 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   5.32%                                                                                                       5.32%                           674,000
 Position of previous notification (if                                      0%                                                                                                           0%

 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)
 Ordinary Shares of 1p each                                                                     674,000                                                                                                      5.32%

 ISIN  GB00B1GVQH21

 SUBTOTAL 8. A                                  674,000                                                                                                     5.32%

 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.

                                                                        SUBTOTAL 8. B 1

 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)

                                                                                                                  SUBTOTAL 8.B.2

 

 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(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
 Bank of New York Nominees Ltd  3.45%                                                                                                                                                   3.45%
 Bank of New York Nominees Ltd  1.87%                                                                                                                                                   1.87%

 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)
 The indirect voting rights held under (9) relate to shares held in client
 portfolios managed by Kestrel

 Partners LLP under discretionary investment management agreements reported in
 accordance with DTR 5.1.5 (1) (a)

 

 Place of completion  London
 Date of completion   24 May 2024

 

 

 

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

 

For further information, please contact:

 

 System1 Group PLC                          Tel: +44 (0)20 7043 1000
 James Gregory, Chief Executive Officer
 Chris Willford, Chief Financial Officer

 Canaccord Genuity Limited                  Tel: +44 (0)20 7523 8000
 Simon Bridges / Andrew Potts / Harry Rees

 

 

 

 

 

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