Crest Nicholson Holdings PLC - Major Shareholding Notification 2013

National Storage Mechanism | Additional information

RNS Number : 4659Z

Crest Nicholson Holdings PLC

07 March 2013





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		Crest Nicholson Holdings plc
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights			X
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments
An event changing the breakdown of voting rights
Other (please specify):
3. Full name of person(s) subject to the notification obligation: iii	Värde Partners, Inc. (for itself and related general partners and investment managers)
4. Full name of shareholder(s) (if different from 3.):iv	Värde Investment Partners, L.P.
5. Date of the transaction and date on which the threshold is crossed or reached: v	5 March 2013
6. Date on which issuer notified:	6 March 2013
7. Threshold(s) that is/are crossed or reached: vi, vii	Holding has reduced from 35% to 32%


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
GB00B8VZXT93	80,681,989			80,681,989			80,681,989		80,681,989			32%


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


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
													Nominal		Delta


Total (A+B+C)
Number of voting rights								Percentage of voting rights
80,681,989								32%


9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
Värde Partners Inc. is making this notification in its capacity as general partner of Värde Partners, L.P., which is the managing member of Värde Investment Partners G.P., LLC, which is the general partner of Värde Investment Partners, L.P. (the registered shareholder in the issuer)

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:	Värde has disposed of shares in the issuer in relation to the exercise of the Over-allotment Option provided by Värde in connection with the initial public offering of securities in the issue.
14. Contact name:	Brett Barbour
15. Contact telephone number:	001 952 374 6982


Note: Annex should only be submitted to the FSA not the issuer
Annex: Notification of major interests in share

A: Identity of the persons or legal entity subject to the notification obligation
Full name (including legal form of legal entities)	Värde Partners Inc.
Contact address (registered office for legal entities)	c/o Värde Management Inc. 8500 Normandale Lake Boulevard, Minneapolis, MN 55437, USA
Phone number & email	001 952 374 6982 [email protected] [email protected]
Other useful information (at least legal representative for legal persons)	Brett Barbour, Operations Manager

B: Identity of the notifier, if applicable
Full name	Brett Barbour
Contact address	c/o Värde Management Inc. 8500 Normandale Lake Boulevard, Minneapolis, MN 55437, USA
Phone number & email	001 952 374 6982 [email protected] [email protected]
Other useful information (e.g. functional relationship with the person or legal entity subject to the notification obligation)

C: Additional information

For notes on how to complete form TR-1 please see the FSA website.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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