REG - Watches of Switzlnd. - Holding(s) in Company
RNS Number : 1362PWatches of Switzerland Group PLC14 October 2021
TR-1: Standard form for notification of major holdings
NOTIFICATION OF MAJOR HOLDINGS
1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:
Watches of Switzerland Group PLC
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):
3. Details of person subject to the notification obligation
Name
Brian Duffy
City and country of registered office (if applicable)
4. Full name of shareholder(s) (if different from 3.)
Name
As above
City and country of registered office (if applicable)
5. Date on which the threshold was crossed or reached:
14/10/2021
6. Date on which issuer notified (DD/MM/YYYY):
14/10/2021
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 of issuer
Resulting situation on the date on which threshold was crossed or reached
3.21%
0.00%
3.21%
7,696,999
Position of previous notification (if applicable)
N.A.
N.A.
N.A.
8. Notified details of the resulting situation on the date on which the threshold was crossed or reached:
A: Voting rights attached to shares
Class/type of shares ISIN code (if possible)
Number of voting rights
% of voting rights
Direct
(DTR5.1)
Indirect
(DTR5.2.1)
Direct
(DTR5.1)
Indirect
(DTR5.2.1)
GB00BJDQQ870 Common Stock
7,696,999
3.21
SUBTOTAL 8.A
7,696,999
3.21%
B 1: Financial Instruments 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 exercised/converted
% of voting rights
N/A
SUBTOTAL 8.B.1
B 2: Financial Instruments with similar economic effect 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
N/A
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
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 (please add additional rows as necessary)
X
Name
% 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 than the notifiable threshold
Total of both if it equals or is higher than the notifiable threshold
Brian Duffy
3.06%
Duffy Management & Investments Company Limited
0.15%
Total
3.21%
10. In case of proxy voting, please identify:
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:
This notification relates to the total shareholding of Brian Duffy, CEO of Watches of Switzerland Group PLC (the "Company"), following the exercise of the nil cost option granted to him upon the IPO of the Company in 2019, which has now been exercised, and the disposal of such number of the shares arising from that exercise that was necessary to cover the tax liability that crystallised upon exercise of that option.
Place of completion
London
Date of completion
14/10/2021
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