Major Shareholding Notification • Feb 12, 2020
Major Shareholding Notification
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National Storage Mechanism | Additional information
RNS Number : 6905C
LiDCO Group Plc
12 February 2020
| TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi | ||||
| 1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii |
Lidco Group PLC | |||
| 2 Reason for the notification (please tick the appropriate box or boxes): | ||||
| An acquisition or disposal of voting rights | NO | |||
| An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached | NO | |||
| An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments | NO | |||
| An event changing the breakdown of voting rights | NO | |||
| Other (please specify): | Periodic update | NO | ||
| 3. Full name of person(s) subject to the notification obligation: iii |
Ingalls & Snyder LLC ("I&S") and Ingalls & Snyder Value Partners LP ("ISVP"). | |||
| 4. Full name of shareholder(s) (if different from 3.):iv | I&S, on behalf of its clients, has dispositive authority over (i.e. the power and authorization to sell at I&S's discretion) 17,125,579 shares. In respect of 13,820,000 of such 17,125,579 shares ISVP (as beneficial owner) shares dispositive authority with I&S and has voting authority. So in respect of the 13,820,000 shares beneficially held by ISVP, I&S has and ISVP share dispositive authority and ISVP has voting authority. | |||
| 5. Date of the transaction and date on which the threshold is crossed or reached: v |
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| 6. Date on which issuer notified: | February 2, 2020 | |||
| 7. Threshold(s) that is/are crossed or reached: vi, vii |
Interest in excess of 7% of issued share capital. | |||
| 8. Notified details: | ||||||||||||||||
| A: Voting rights attached to shares viii, ix | ||||||||||||||||
| Class/type of shares if possible using the ISIN CODE |
Situation previous to the triggering transaction |
Resulting situation after the triggering transaction | ||||||||||||||
| Number of Shares |
Number of Voting Rights |
Number of shares |
Number of voting rights |
% of voting rights x | ||||||||||||
| Direct | Direct xi | Indirect xii | Direct | Indirect | ||||||||||||
| Ordinary Shares of 0.5 pence ISIN GB0030546849 | 17,125,579 | - | 17,125,579 | See note 4 above. I&S has dispositive authority over 17,125,579shares and ISVP has voting authority and shares dispositive authority in respect of 13,820,000 of such shares. | - | 7.01% (Note: For these purposes we have assumed that dispositive authority is equivalent to voting rights). | - | |||||||||
| B: Qualifying Financial Instruments | ||||||||||||||||
| Resulting situation after the triggering transaction | ||||||||||||||||
| Type of financial instrument |
Expiration date xiii |
Exercise/ Conversion Period xiv |
Number of voting rights that may be acquired if the instrument is exercised/ converted. |
% of voting rights |
||||||||||||
| N/A | ||||||||||||||||
| C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi | ||||||||||||||||
| Resulting situation after the triggering transaction | ||||||||||||||||
| Type of financial instrument |
Exercise price | Expiration date xvii | Exercise/ Conversion period xviii |
Number of voting rights instrument refers to | % of voting rights xix, xx | |||||||||||
| N/A | Nominal | Delta | ||||||||||||||
| Total (A+B+C) | ||||||||||||||||
| Number of voting rights | Percentage of voting rights | |||||||||||||||
| 17,125,579 (Note: For these purposes we have assumed that dispositive authority is equivalent to voting rights). | 7.01% (Note: For these purposes we have assumed that dispositive authority is equivalent to voting rights). | |||||||||||||||
| 9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi |
||
| N/A | ||
| Proxy Voting: | ||
| 10. Name of the proxy holder: | N/A | |
| 11. Number of voting rights proxy holder will cease to hold: |
N/A | |
| 12. Date on which proxy holder will cease to hold voting rights: |
N/A | |
| 13. Additional information: | ||
| 14. Contact name: | Frank Stolba | |
| 15. Contact telephone number: | (001) (212) 269 - 7814 | |
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 [email protected] or visit www.rns.com.
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