REG-Young & Co's Brew. Holding(s) in Company
25/07/2024 10:00
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Holding(s) in Company
Young & Co.’s Brewery, P.L.C. (the “Company”)
Notification pursuant to AIM Rule 17 comprising a notification relating to a
major interest in A shares of 12.5p each in the Company’s capital (ISIN:
GB00B2NDK765) pursuant to 5.2.1 (h) of the Disclosure Guidance and
Transparency Rules (“DTR”) sourcebook
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 Young & Co.’s Brewery, P.L.C.
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 Stephen Goodyear (Chairman of Young & Co.’s Brewery P.L.C. and Proxy
Holder)
City and country of registered office (if applicable) London, UK
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): 23/07/24
6. Date on which issuer notified (DD/MM/YYYY): 24/07/24
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 held in issuer (8.A + 8.B) (vii)
(total of 8.B 1 + 8.B 2)
Resulting situation on the date on which threshold was crossed or reached 12.83% 0.00% 12.83% 4,878,278
Position of previous notification (if N/A N/A N/A
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
(DTR5.1)
(DTR5.2.1)
(DTR5.1)
(DTR5.2.1)
GB00B2NDK765 200,424 4,677,854 0.53 12.30
SUBTOTAL 8. A 4,878,278 12.83%
B 1: Financial Instruments according to DTR5.3.1R (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 DTR5.3.1R
(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 (please add additional rows as
necessary) (xiv)
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
10. In case of proxy voting, please identify:
Name of the proxy holder Stephen Goodyear
The number and % of voting rights held 4,878,278 / 12.83%
The date until which the voting rights will be held At conclusion of the Annual General Meeting to be held on 25 July 2024 or at
any adjournment thereof
11. Additional information (xvi)
Disclosed voting rights represent the maximum number of proxies being held by
the Chairman of Young & Co.’s Brewery, P.L.C. where he can exercise the
voting rights at his discretion, pursuant to proxies received in respect of
certain resolutions to be proposed at the Annual General Meeting to be held by
the Company on 25 July 2024.
The voting rights include a proxy from Octopus Investments Nominees Limited
(“Octopus”) in respect of 4,643,388 A ordinary shares held by Octopus
(representing 12.2% of the voting rights), which allows the Chairman to
exercise the voting rights attaching to such shares at his discretion in
relation to resolutions 7 and 11 at the Annual General Meeting. After the
proxy expires, these voting rights will be held by Octopus.
The disclosed voting rights held as proxy will lapse immediately upon the
conclusion of the Annual General Meeting or any adjournment thereof.
Individual shareholders are still entitled to vote in person at the Annual
General Meeting even if they have submitted a proxy.
Place of completion London, UK
Date of completion 25 July 2024
Notes
(i) Please note this form should be read jointly with the applicable
Disclosure Guidance and Transparency Rules Chapter 5 (DTR5) available on the
following link: https://www.handbook.fca.org.uk/handbook/DTR/5/?view=chapter
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.handbook.fca.org.uk%2Fhandbook%2FDTR%2F5%2F%3Fview%3Dchapter&esheet=54099494&newsitemid=20240725129825&lan=en-US&anchor=https%3A%2F%2Fwww.handbook.fca.org.uk%2Fhandbook%2FDTR%2F5%2F%3Fview%3Dchapter&index=1&md5=a984239802813e3898deef55465ad2db)
(ii) Full name of the legal entity and further specification of the issuer or
underlying issuer, provided it is reliable and accurate (e.g. address, LEI,
domestic number identity). Indicate in the relevant section whether the issuer
is a non UK issuer.
(iii) Other reason for the notification could be voluntary notifications,
changes of attribution of the nature of the holding (e.g. expiring of
financial instruments) or acting in concert.
(iv) This should be the full name of (a) the shareholder; (b) the natural
person or legal entity acquiring, disposing of or exercising voting rights in
the cases provided for in DTR5.2.1 (b) to (h); (c) all parties to the
agreement referred to in DTR5.2.1 (a) or (d) the holder of financial
instruments referred to in DTR5.3.1.
As the disclosure of cases of acting in concert may vary due to the specific
circumstances (e.g. same or different total positions of the parties, entering
or exiting of acting in concert by a single party) the standard form does not
provide for a specific method how to notify cases of acting in concert.
In relation to the transactions referred to in DTR5.2.1 (b) to (h), the
following list is provided as indication of the persons who should be
mentioned:
- in the circumstances foreseen in DTR5.2.1 (b), the natural person or legal
entity that acquires the voting rights and is entitled to exercise them under
the agreement and the natural person or legal entity who is transferring
temporarily for consideration the voting rights;
- in the circumstances foreseen in DTR5.2.1 (c), the natural person or legal
entity holding the collateral, provided the person or entity controls the
voting rights and declares its intention of exercising them, and natural
person or legal entity lodging the collateral under these conditions;
- in the circumstances foreseen in DTR5.2.1 (d), the natural person or legal
entity who has a life interest in shares if that person or entity is entitled
to exercise the voting rights attached to the shares and the natural person or
legal entity who is disposing of the voting rights when the life interest is
created;
- in the circumstances foreseen in DTR5.2.1 (e), the controlling natural
person or legal entity and, provided it has a notification duty at an
individual level under DTR 5.1, under DTR5.2.1 (a) to (d) or under a
combination of any of those situations, the controlled undertaking;
- in the circumstances foreseen in DTR5.2.1 (f), the deposit taker of the
shares, if he can exercise the voting rights attached to the shares deposited
with him at his discretion, and the depositor of the shares allowing the
deposit taker to exercise the voting rights at his discretion;
- in the circumstances foreseen in DTR5.2.1 (g), the natural person or legal
entity that controls the voting rights;
- in the circumstances foreseen in DTR5.2.1 (h), the proxy holder, if he can
exercise the voting rights at his discretion, and the shareholder who has
given his proxy to the proxy holder allowing the latter to exercise the voting
rights at his discretion (e.g. management companies).
(v) Applicable in the cases provided for in DTR5.2.1 (b) to (h). This should
be the full name of the shareholder who is the counterparty to the natural
person or legal entity referred to DTR5.2 unless the percentage of voting
rights held by the shareholder is lower than the lowest notifiable threshold
for the disclosure of voting rights holdings in accordance with national
practices (e.g. identification of funds managed by management companies).
(vi) The date on which threshold is crossed or reached should be the date on
which the acquisition or disposal took place or the other reason triggered the
notification obligation. For passive crossings, the date when the corporate
event took effect.
(vii) The total number of voting rights held in the issuer shall be composed
of all the shares, including depository receipts representing shares, to which
voting rights are attached even if the exercise thereof is suspended.
(viii) If the holding has fallen below the lowest applicable threshold, please
note that it might not be necessary to disclose the extent of the holding,
only that the new holding is below that threshold.
(ix) In case of combined holdings of shares with voting rights attached
"direct holding" and voting rights "indirect holding", please split the voting
rights number and percentage into the direct and indirect columns – if there
is no combined holdings, please leave the relevant box blank.
(x) Date of maturity/expiration of the financial instrument i.e. the date when
right to acquire shares ends.
(xi) If the financial instrument has such a period – please specify this
period – for example once every 3 months starting from date .
(xii) In case of cash settled instruments the number and percentages of voting
rights is to be presented on a delta-adjusted basis (DTR 5.3.3.A).
(xiii) If the person subject to the notification obligation is either
controlled and/or does control another undertaking then the second option
applies.
(xiv) The full chain of controlled undertakings starting with the ultimate
controlling natural person or legal entity has to be presented also in the
cases, in which only on subsidiary level a threshold is crossed or reached and
the subsidiary undertaking discloses the notification as only in this way will
the markets get always the full picture of the group holdings. In case of
multiple chains through which the voting rights and/or financial instruments
are effectively held the chains have to be presented chain by chain by
numbering each chain accordingly. Please see the below example:
Name of ultimate controlling person A (chain 1)
Name of controlled undertaking B
Name of controlled undertaking C
Name of ultimate controlling person A (chain 2)
Name of controlled undertaking B
Name of controlled undertaking D
Name of ultimate controlling person A (chain3)
Name of controlled undertaking E
Name of controlled undertaking F
(xv) The names of controlled undertakings through which the voting rights
and/or financial instruments are effectively held have to be presented
irrespectively whether the controlled undertakings cross or reach the lowest
applicable threshold themselves.
(xvi) Example: Correction of a previous notification.
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