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Frontline Plc — Major Shareholding Notification 2022
Dec 21, 2022
6242_mrq_2022-12-21_2e23eceb-4738-4049-b146-dbbe4828a1e8.pdf
Major Shareholding Notification
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Standard form for notification of major holdings
NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the competent authority) 1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii: Frontline Ltd. LEI: 5493004BCIKYU1YL3H63 2. Reason for the notification (please tick the appropriate box or boxes): [X] An acquisition or disposal of voting rights [ ] 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 obligationiv : Name: Morgan Stanley City and country of registered office (if applicable): Wilmington, Delaware 4. Full name of shareholder(s) (if different from 3) v : 5. Date on which the threshold was crossed or reachedvi: 19/12/2022 6. Total positions of person(s) subject to the notification obligation: % of voting rights attached to shares (total of 7.A) % of voting rights through financial instruments (total of 7.B.1 + 7.B.2) Total of both in % (7.A + 7.B) Total number of voting rights of issuer vii Resulting situation on the date on which threshold was crossed or reached 2.93 6.07 9.00 222,622,889 Position of previous notification (if applicable) 0.23 5.11 5.33
| 7. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii: |
|||||
|---|---|---|---|---|---|
| A: Voting rights attached to shares | |||||
| Class/type of | Number of voting rights | ix | % of voting rights | ||
| shares ISIN code (if possi ble) |
Direct (Art 9 of Directive 2004/109/EC) |
Indirect (Art 10 of Directive 2004/109/EC) |
Direct (Art 9 of Directive 2004/109/EC) |
Indirect (Art 10 of Directive 2004/109/EC) |
|
| BMG3682E1921 | 6,530,557 | 2.93 | |||
| SUBTOTAL A | 6,530,557 | 2.93 |
| B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC |
|||||
|---|---|---|---|---|---|
| Type of financial in strument |
Expiration date x |
Exercise/ Conversion Periodxi |
Number of voting rights that may be acquired if the instrument is exer cised/ converted. |
% of voting rights |
|
| Right of recall over securities lending agreements |
At any time | At any time | 10,567,658 | 4.75 | |
| Call Option | 2023-01-20 | At any time | 15,000 | 0.01 | |
| Call Option | 2023-02-17 | At any time | 15,500 | 0.01 | |
| Call Option | 2023-05-19 | At any time | 2,600 | 0.001 | |
| Call Option | 2023-06-16 | At any time | 100 | 0.00004 | |
| Call Option | 2024-01-19 | At any time | 2,400 | 0.001 | |
| SUBTOTAL B.1 | 10,603,258 | 4.76 |
| B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC |
|||||
|---|---|---|---|---|---|
| Type of finan cial instrument |
Expiration date x |
Exercise/ Conversion Period x i |
Physical or cash settle ment xii |
Number of voting rights |
% of voting rights |
| Swap | 2023-03-06 | At any time | Cash | 333,654 | 0.15 |
| Swap | 2023-05-03 | At any time | Cash | 1,844 | 0.001 |
| Swap | 2023-05-08 | At any time | Cash | 1,636 | 0.001 |
| Swap | 2023-05-19 | At any time | Cash | 54,952 | 0.02 |
|---|---|---|---|---|---|
| Swap | 2023-06-12 | At any time | Cash | 2,404,400 | 1.08 |
| Swap | 2023-09-29 | At any time | Cash | 26,775 | 0.01 |
| Swap | 2023-10-11 | At any time | Cash | 294 | 0.0001 |
| Swap | 2023-10-26 | At any time | Cash | 10,996 | 0.005 |
| Swap | 2024-01-04 | At any time | Cash | 9,698 | 0.004 |
| Put Option | 2023-01-20 | At any time | Physical | 15,500 | 0.01 |
| Put Option | 2023-02-17 | At any time | Physical | 1,400 | 0.001 |
| Put Option | 2023-05-19 | At any time | Physical | 41,700 | 0.02 |
| Retail Struc tured Product |
2072-05-09 | At any time | Cash | 59 | 0.00003 |
| SUBTOTAL B.2 | 2,903,078 | 1.30 |
8. Information in relation to the person subject to the notification obligation (please tick the applicable box):
[ ] 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
[x] 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 entityxiv:
| Namexv | % of voting rights if it equals or is higher than the notifiable thresh old |
% of voting rights through financial in struments if it equals or is higher than the notifiable threshold |
Total of both if it equals or is higher than the notifiable threshold |
|---|---|---|---|
| Morgan Stanley |
| Morgan Stanley Capital | ||
|---|---|---|
| Management, LLC | ||
| Morgan Stanley Domestic | ||
| Holdings, Inc. | ||
| Morgan Stanley Capital | ||
| Services LLC | ||
| Morgan Stanley | ||
| Morgan Stanley Capital | ||
| Management, LLC | ||
| Morgan Stanley Domestic | ||
| Holdings, Inc. | ||
| Morgan Stanley & Co. LLC | 5.36 | |
| Morgan Stanley | ||
| Morgan Stanley International | ||
| Holdings Inc. | ||
| Morgan Stanley International | ||
| Limited | ||
| Morgan Stanley Investments | ||
| (UK) | ||
| Morgan Stanley & Co. | ||
| International plc | ||
| Morgan Stanley | ||
| Morgan Stanley Capital | ||
| Management, LLC | ||
| Morgan Stanley Domestic Holdings, Inc. |
||
| Morgan Stanley & Co. LLC | ||
| Prime Dealer Services Corp. | ||
| Morgan Stanley | ||
| Morgan Stanley International Holdings | ||
| Inc. | ||
| Morgan Stanley International Limited | ||
| Morgan Stanley Europe Holding SE | ||
| Morgan Stanley Europe SE | ||
| Morgan Stanley |
| Morgan Stanley Capital | ||
|---|---|---|
| Management, LLC | ||
| Morgan Stanley Domestic | ||
| Holdings, Inc. | ||
| ETCM Holdings, LLC | ||
| E*TRADE Securities LLC |
9. In case of proxy voting: [name of the proxy holder] will cease to hold [% and number] voting rights as of [date]
10. Additional informationxvi:
Done at [Glasgow] on [20/12/2022].
Annex: Notification of major holdings (only to be filed with competent authority and not with the relevant issuer)
A: Identity of the person subject to the notification obligation
Full name (including legal form for legal entities) Morgan Stanley
Contact address (registered office for legal entities) c/o The Corporation Trust Company (DE), Corporation Trust Center, 1209 Orange Street, Wilmington, Delaware, 19801, USA
Phone number / Fax number +44 141 245-7736
Other useful information (at least legal a contact person for legal persons)
B: Identity of the notifier, if applicable
Full name Craig Horsley
Contact address 122 Waterloo Street Glasgow United Kingdom G2 7DP
E-Mail [email protected]
Phone number / Fax number +44 141 245-7736
Other useful information (e.g. functional relationship with the person or legal entity subject to the notification obligation) Authorised person