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Frontline Plc — Major Shareholding Notification 2025
Jun 11, 2025
6242_mrq_2025-06-11_d9da018e-afe3-4d1b-aa2d-b1996766d778.pdf
Major Shareholding Notification
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NOTIFICATION FORM
FOR MAJOR HOLDING
(Sections 28, 30, 31 ʃɲɿ 31A of the Law)
NOTIFICATION OF MAJOR HOLDING
(to be sent to the relevant issuer and to the Cyprus Securities and Exchange Commission)i
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii: FRONTLINE PLC
LEI: 5493004BCIKYU1YL3H63
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 financial instruments
[ ] An event changing the breakdown of voting rights
[ ] Other (please specify) iii:
3. Details of person subject to the notification obligationiv:
Full name: The Goldman Sachs Group, Inc.
City and Corporation Trust Center, 1209 Orange Street, Wilmington DE 19801, USA
country of registered office (if applicable)
4. Full name of shareholder(s) (if different from the person in point 3) v :
5. Date on which the threshold was crossed or reachedvi: 05/06/2025
6. Threshold which was crossed or reached: Above 5%
7. Total positions of person(s) subject to the notification obligation:
| % of voting rights attached to shares (total of 8.A) |
% of voting rights through financial instruments (total of 8.B.1 + 8.B.2) |
Total % (8.A+8.B.1 +8͘Ȳ͘ϮͿ |
Total number of voting rights of issuervii |
||
|---|---|---|---|---|---|
| Resulting situation on the date on which threshold was crossed or reached |
0.15% | 4.98% | 5.12% | 222,622,889 | |
| Position of previous notification (if applicable) |
0.15% | 4.76% | 4.91% |
| 8. 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 rightsix % of voting rights |
||||
| shares | Direct | Indirect | Direct | Indirect | |
| (provide ISIN code if | (section 28 | (section 30 | (section 28 | (section 30 | |
| possible) | of the Law) | of the Law) | of the Law) | of the Law) | |
| CY0200352116 | 328,200 | 0.15% | |||
| SUBTOTAL A: (Direct and Indirect) |
328,200 | 0.15% |
| B.1: Financial Instruments according to section 31(1)(a) of the Law | |||||
|---|---|---|---|---|---|
| Type of financial instrument |
Expiration datex |
Exercise/ Conversion Periodxi |
Number of voting rights that may be acquired if the instrument is exercised/ converted |
% of voting rights | |
| Securities Lending | Open | 8,363,272 | 3.76% | ||
| SUBTOTAL B.1 | 8,363,272 | 3.76% | |||
| B.2: Financial Instruments with similar economic effect according to section 31(1)(b) of the Law | |||||
|---|---|---|---|---|---|
| Type of financial instrument |
Expiration datexii |
Exercise/ Conversion Periodxiii |
Physical or cash settlementxiv |
Number of voting rights |
% of voting rights |
| Swap | 11/02/2028 | Cash | 542,885 | 0.24% | |
| Swap | 27/03/2028 | Cash | 512,901 | 0.23% | |
| Swap | 22/05/2028 | Cash | 376,735 | 0.17% | |
| Swap | 16/05/2030 | Cash | 201,085 | 0.09% | |
| Swap | 08/01/2035 | Cash | 199,531 | 0.09% | |
| Swap | 06/03/2030 | Cash | 187,310 | 0.08% | |
| Swap | 09/08/2027 | Cash | 171,171 | 0.08% | |
| Swap | 08/06/2026 | Cash | 103,744 | 0.05% | |
| Swap | 29/11/2034 | Cash | 79,210 | 0.04% | |
| Swap | 10/01/2028 | Cash | 52,134 | 0.02% | |
| Swap | 27/11/2034 | Cash | 47,525 | 0.02% | |
| Swap | 04/06/2035 | Cash | 36,947 | 0.02% | |
| Swap | 12/03/2035 | Cash | 36,219 | 0.02% | |
| Swap | 13/05/2030 | Cash | 30,198 | 0.01% | |
| Swap | 20/06/2034 | Cash | 21,497 | 0.01% |
Par. 4 Directive DI190-2007-01 of 2017 (R.A.D. 222/2017) FORM 190-01-01
| Swap | 21/05/2035 | Cash | 20,393 | 0.01% |
|---|---|---|---|---|
| Swap | 07/03/2029 | Cash | 13,685 | 0.01% |
| Swap | 04/06/2035 | Cash | 10,157 | 0.005% |
| Swap | 12/03/2035 | Cash | 9,810 | 0.004% |
| Swap | 24/01/2035 | Cash | 6,999 | 0.003% |
| Swap | 04/09/2034 | Cash | 5,747 | 0.003% |
| Swap | 24/01/2035 | Cash | 4,399 | 0.002% |
| Swap | 04/06/2035 | Cash | 3,843 | 0.002% |
| Swap | 16/04/2035 | Cash | 3,560 | 0.002% |
| Swap | 16/05/2035 | Cash | 3,496 | 0.002% |
| Swap | 04/09/2025 | Cash | 3,378 | 0.002% |
| Swap | 01/05/2035 | Cash | 3,181 | 0.001% |
| Swap | 06/06/2028 | Cash | 2,942 | 0.001% |
| Swap | 12/03/2035 | Cash | 2,409 | 0.001% |
| Swap | 04/06/2035 | Cash | 2,335 | 0.001% |
| Swap | 04/09/2025 | Cash | 2,289 | 0.001% |
| Swap | 01/05/2035 | Cash | 1,949 | 0.001% |
| Swap | 15/01/2030 | Cash | 1,932 | 0.001% |
| Swap | 15/04/2030 | Cash | 1,709 | 0.001% |
| Swap | 30/10/2034 | Cash | 1,466 | 0.001% |
| Swap | 23/05/2035 | Cash | 1,452 | 0.001% |
| Swap | 04/06/2035 | Cash | 1,449 | 0.001% |
| Swap | 10/03/2027 | Cash | 1,404 | 0.001% |
| Swap | 17/08/2026 | Cash | 1,154 | 0.001% |
| Swap | 12/03/2035 | Cash | 1,096 | 0.0005% |
| Swap | 04/06/2035 | Cash | 1,026 | 0.0005% |
| Swap | 04/06/2035 | Cash | 866 | 0.0004% |
| Swap | 20/06/2034 | Cash | 700 | 0.0003% |
| Swap | 16/04/2035 | Cash | 598 | 0.0003% |
| Swap | 03/10/2034 | Cash | 314 | 0.0001% |
| Swap | 15/01/2030 | Cash | 304 | 0.0001% |
| Swap | 12/03/2035 | Cash | 252 | 0.0001% |
| Swap | 07/01/2026 | Cash | 34 | 0.00002% |
| Swap | 23/05/2035 | Cash | 1 | 0.0000004% |
| SUBTOTAL B.2 | 2,715,418 | 1.22% |
9. 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 issuer or the underlying issuerxv.
- [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 entityxvi:
| Namexvii | % of voting rights if it equals or is higher than the notifiable threshold |
% of voting rights through financial instruments if it equals or is higher than the notifiable threshold |
Total of both if it equals or is higher than the notifiable threshold |
|---|---|---|---|
| The Goldman Sachs Group, Inc. |
|||
| Goldman Sachs (UK) L.L.C. | |||
| Goldman Sachs Group UK Limited |
|||
| Goldman Sachs International |
|||
| The Goldman Sachs Group, Inc. |
|||
| Goldman Sachs & Co. LLC | |||
| The Goldman Sachs Group, Inc. |
|||
| GSAM Holdings LLC | |||
| Goldman Sachs Asset Management, L.P. |
|||
| The Goldman Sachs Group, Inc. |
|||
| Goldman Sachs Bank USA | |||
| Goldman Sachs Bank Europe SE |
|||
| The Goldman Sachs Group, Inc. |
Par. 4 Directive DI190-2007-01 of 2017 (R.A.D. 222/2017) FORM 190-01-01
| Folio Financial, Inc. | ||
|---|---|---|
| Folio Investments, Inc. |
| 10. In case of proxy voting: | |||||
|---|---|---|---|---|---|
| I |
|||||
| [name of the proxy holder] will cease to hold ………………………………………………………………………….[number and percentage(%)] voting rights as of ……………………………………………. [date]. |
11. Additional informationxviii:
Please note, the total amount of voting rights has been rounded to 2 decimal places and therefore there is a possibility of a rounding difference.
General email contact: [email protected]
I declare that, to my knowledge, all of the above information is accurate and true.
(Name): D Guru Prasad (Signature): ………………………………………… Prasad ………………………
(Place, Date) Bengaluru, June 10, 2025