DIALES PLC - Major Shareholding Notification 2017

National Storage Mechanism | Additional information

RNS Number : 3024Z

Driver Group plc

13 March 2017

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES



1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:		Driver Group plc
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights			Yes
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:	Ruffer LLP (for its discretionary clients of the Ruffer Group)
4. Full name of shareholder(s) (if different from 3.):
5. Date of the transaction and date on which the threshold is crossed or reached:	10 March 2017
6. Date on which issuer notified:	13 March 2017
7. Threshold(s) that is/are crossed or reached:	Above 5%


8. Notified details:
A: Voting rights attached to shares
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
Direct		Direct		Indirect	Direct			Indirect
GB00B0L9C092	-			-			3,250,000		3,250,000		-	6.09%			-


B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
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


C: Financial Instruments with similar economic effect to Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument		Exercise price		Expiration date		Exercise/ Conversion period			Number of voting rights instrument refers to				% of voting rights
													Nominal			Delta


Total (A+B+C)
Number of voting rights								Percentage of voting rights
3,250,000								6.09%


9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
N/A

Proxy Voting:
10. Name of the proxy holder:		N/A
11. Number of voting rights proxy holder will cease to hold:
12. Date on which proxy holder will cease to hold voting rights:

13. Additional information:	Ruffer LLP now controls the voting rights over 3,250,000 shares (6.09% of the voting rights) of Driver Group plc which are held by the discretionary clients of Ruffer LLP and its subsidiaries (the voting of which is all controlled by Ruffer LLP). This change from 0% to 6.09% is due to the admission of a placing of which Ruffer LLP purchased 3,250,000 of these shares. The shares were admitted to the market on 10 March 2017.
14. Contact name:	Louise Stanway
15. Contact telephone number:	020 7963 8146

This information is provided by RNS

The company news service from the London Stock Exchange

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