Vanquis Banking Group (formerly: Provident Financial Plc)

Major Shareholding Notification • Apr 2, 2019

National Storage Mechanism | Additional information

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RNS Number : 8728U

Bank of Nova Scotia

02 April 2019

FORM 8.3

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY

A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE

Rule 8.3 of the Takeover Code (the "Code")

1.         KEY INFORMATION

(a) Full name of discloser:	The Bank of Nova Scotia
(b) Owner or controller of interests and short positions disclosed, if different from 1(a):      The naming of nominee or vehicle companies is insufficient.  For a trust, the trustee(s), settlor and beneficiaries must be named.	n/a
(c) Name of offeror/offeree in relation to whose relevant securities this form relates:      Use a separate form for each offeror/offeree	Provident Financial Plc
(d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:	N/A
(e) Date position held/dealing undertaken:      For an opening position disclosure, state the latest practicable date prior to the disclosure	01/04/2019
(f)  In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?      If it is a cash offer or possible cash offer, state "N/A"	NO If YES, specify which:

2.         POSITIONS OF THE PERSON MAKING THE DISCLOSURE

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

(a)        Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

Class of relevant security:	20 8/11p ordinary
	Interests		Short positions
	Number	%	Number	%
(1) Relevant securities owned and/or controlled:	80,100	0.03	3,012,000	1.19
(2) Cash-settled derivatives:	3,012,000	1.19	80,100	0.03
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:
TOTAL:	3,092,100	1.22	3,092,100	1.22

All interests and all short positions should be disclosed.

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

(b)        Rights to subscribe for new securities (including directors' and other employee options)

Class of relevant security in relation to which subscription right exists:
Details, including nature of the rights concerned and relevant percentages:

3.         DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

The currency of all prices and other monetary amounts should be stated.

(a)        Purchases and sales

Class of relevant security	Purchase/sale	Number of securities	Price per unit
20 8/11p ordinary	Sale	11,300	5.14 GBP
20 8/11p ordinary	Purchase	11,300	5.14 GBP
20 8/11p ordinary	Purchase	11,300	6.74 USD
20 8/11p ordinary	Sale	11,300	6.74 USD
20 8/11p ordinary	Sale	203	5.19 GBP
20 8/11p ordinary	Sale	254	5.19 GBP
20 8/11p ordinary	Sale	137	5.19 GBP
20 8/11p ordinary	Sale	35	5.20 GBP
20 8/11p ordinary	Sale	806	5.20 GBP
20 8/11p ordinary	Sale	1,700,000	5.22 GBP
20 8/11p ordinary	Sale	839	5.20 GBP
20 8/11p ordinary	Sale	744	5.21 GBP
20 8/11p ordinary	Sale	636	5.18 GBP
20 8/11p ordinary	Sale	104	5.18 GBP
20 8/11p ordinary	Sale	63	5.17 GBP
20 8/11p ordinary	Sale	140	5.17 GBP
20 8/11p ordinary	Sale	81	5.17 GBP
20 8/11p ordinary	Sale	34	5.17 GBP
20 8/11p ordinary	Sale	430	5.18 GBP
20 8/11p ordinary	Sale	742	5.15 GBP
20 8/11p ordinary	Sale	740	5.12 GBP
20 8/11p ordinary	Sale	745	5.12 GBP
20 8/11p ordinary	Sale	765	5.09 GBP
20 8/11p ordinary	Sale	697	5.07 GBP
20 8/11p ordinary	Sale	44	5.07 GBP
20 8/11p ordinary	Sale	886	5.07 GBP
20 8/11p ordinary	Sale	45	5.07 GBP
20 8/11p ordinary	Sale	2	5.07 GBP
20 8/11p ordinary	Sale	62	5.06 GBP
20 8/11p ordinary	Sale	743	5.09 GBP
20 8/11p ordinary	Sale	597	5.09 GBP
20 8/11p ordinary	Sale	350	5.10 GBP
20 8/11p ordinary	Sale	376	5.15 GBP

(b)        Cash-settled derivative transactions

Class of relevant security	Product description e.g. CFD	Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position	Number of reference securities	Price per unit
20 8/11p ordinary	Total Return Swaps	Reducing a short position	11,300	5.14 GBP
20 8/11p ordinary	Total Return Swaps	Closing a long position	11,300	5.14 GBP
20 8/11p ordinary	Total Return Swaps	Closing a long position	11,300	6.74 USD
20 8/11p ordinary	Total Return Swaps	Opening a long position	11,300	6.74 USD
20 8/11p ordinary	Total Return Swaps	Increasing a long position	203	5.19 GBP
20 8/11p ordinary	Total Return Swaps	Increasing a long position	254	5.19 GBP
20 8/11p ordinary	Total Return Swaps	Increasing a long position	137	5.19 GBP
20 8/11p ordinary	Total Return Swaps	Increasing a long position	35	5.20 GBP
20 8/11p ordinary	Total Return Swaps	Increasing a long position	806	5.20 GBP
20 8/11p ordinary	Total Return Swaps	Increasing a long position	1,700,000	5.22 GBP
20 8/11p ordinary	Total Return Swaps	Increasing a long position	839	5.20 GBP
20 8/11p ordinary	Total Return Swaps	Increasing a long position	744	5.21 GBP
20 8/11p ordinary	Total Return Swaps	Increasing a long position	636	5.18 GBP
20 8/11p ordinary	Total Return Swaps	Increasing a long position	104	5.18 GBP
20 8/11p ordinary	Total Return Swaps	Increasing a long position	63	5.17 GBP
20 8/11p ordinary	Total Return Swaps	Increasing a long position	140	5.17 GBP
20 8/11p ordinary	Total Return Swaps	Increasing a long position	81	5.17 GBP
20 8/11p ordinary	Total Return Swaps	Increasing a long position	34	5.17 GBP
20 8/11p ordinary	Total Return Swaps	Increasing a long position	430	5.18 GBP
20 8/11p ordinary	Total Return Swaps	Increasing a long position	742	5.15 GBP
20 8/11p ordinary	Total Return Swaps	Increasing a long position	740	5.12 GBP
20 8/11p ordinary	Total Return Swaps	Increasing a long position	745	5.12 GBP
20 8/11p ordinary	Total Return Swaps	Increasing a long position	765	5.09 GBP
20 8/11p ordinary	Total Return Swaps	Increasing a long position	697	5.07 GBP
20 8/11p ordinary	Total Return Swaps	Increasing a long position	44	5.07 GBP
20 8/11p ordinary	Total Return Swaps	Increasing a long position	886	5.07 GBP
20 8/11p ordinary	Total Return Swaps	Increasing a long position	45	5.07 GBP
20 8/11p ordinary	Total Return Swaps	Increasing a long position	2	5.07 GBP
20 8/11p ordinary	Total Return Swaps	Increasing a long position	62	5.06 GBP
20 8/11p ordinary	Total Return Swaps	Increasing a long position	743	5.09 GBP
20 8/11p ordinary	Total Return Swaps	Increasing a long position	597	5.09 GBP
20 8/11p ordinary	Total Return Swaps	Increasing a long position	350	5.10 GBP
20 8/11p ordinary	Total Return Swaps	Opening a long position	376	5.15 GBP

(c)        Stock-settled derivative transactions (including options)

(i)         Writing, selling, purchasing or varying

Class of relevant security	Product description e.g. call option	Writing, purchasing, selling, varying etc.	Number of securities to which option relates	Exercise price per unit	Type e.g. American, European etc.	Expiry date	Option money paid/ received per unit

(ii)        Exercise

Class of relevant security	Product description e.g. call option	Exercising/ exercised against	Number of securities	Exercise price per unit

(d)        Other dealings (including subscribing for new securities)

Class of relevant security	Nature of dealing e.g. subscription, conversion	Details	Price per unit (if applicable)

4.         OTHER INFORMATION

(a)        Indemnity and other dealing arrangements

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer: Irrevocable commitments and letters of intent should not be included.  If there are no such agreements, arrangements or understandings, state "none"
None

(b)        Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to: (i)  the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state "none"
None

(c)        Attachments

Is a Supplemental Form 8 (Open Positions) attached?	NO

###### Date of disclosure:	02/04/2019
###### Contact name:	Meral Unlu
###### Telephone number:	0207 826 5980

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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