22 Jun 2017 12:48
TR-1 NOTIFICATION OF MAJOR INTERESTS IN SHARES
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:
Debenhams plc
2. Reason for the notification
Goldman Sachs have informed us that due to a systematic issue which has now been resolved, positions arising under certain cash-settled financial instruments were not included in their previous position calculations of voting rights relating to Debenhams plc. The position now disclosed reflects Goldman Sachs' current holding in Debenhams plc.
3. Full name of person(s) subject to the notification obligation:
The Goldman Sachs Group, Inc
4. Full name of shareholder(s) (if different from 3):
Goldman Sachs International
Goldman, Sachs & Co.
Goldman Sachs Asset Management, L.P.
5. Date of the transaction (and date on which the threshold is crossed or reached if different):
19 June 2017
6. Date on which issuer notified:
21 June 2017
7. Threshold(s) that is/are crossed or reached
Above 8%
8. Notified details:
Class/type of shares
ISIN: GB00B126KH97
A: Voting rights attached to shares
Situation previous to the triggering transaction: Below 3% Ordinary shares of 0.01p each
Number of voting rights: Below 3%
Resulting situation after the triggering transaction: 0 ordinary shares of 0.01p each
Number of voting rights Direct: 0, Indirect: 6,339,802
Percentage of voting rights Direct: 0, Indirect: 0.52%
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction | ||||
Type of financialinstrument | Expirationdate xiii | Exercise/Conversion Period xiv | Number of votingrights that may beacquired if theinstrument isexercised/ converted. | % of votingrights |
Stock Loan (Physical) | Open | 991,236 | 0.08% | |
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments
Resulting situation after the triggering transaction | ||||||
Type of financialinstrument | Exercise price | Expiration date xvii | Exercise/Conversion period xviii | Number of voting rights instrument refers to
| % of voting rights xix, xx
| |
Please refer to Annexure | 97,846,489 | Nominal | Delta | |||
7.97% | ||||||
Total A+B+C
Number of voting rights: 105,177,527
Percentage of voting rights: 8.57%
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable.
The Goldman Sachs Group, Inc.; 105,177,527 shares; 8.57%
Goldman Sachs (UK) L.L.C. (Controlled by The Goldman Sachs Group, Inc.); 105,079,307 shares; 8.56%
Goldman Sachs Group UK Limited (Controlled by Goldman Sachs (UK) L.L.C.); 105,079,307 shares; 8.56%
Goldman Sachs International (Controlled by Goldman Sachs Group UK Limited); 105,079,307 shares; 8.56%
Goldman Sachs & Co. LLC (Controlled by The Goldman Sachs Group, Inc.)
GSAM Holdings LLC (Controlled by The Goldman Sachs Group, Inc.)
Goldman Sachs Asset Management, L.P. (Controlled by GSAM Holdings LLC)
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:
N/A
14. Contact Name/Telephone Number:
Debenhams plc LEI5493007MMUEIF4NJG110
Paul Eardley
Company Secretary
Telephone 0203 549 6000
Annexure | ||||||
Attached to notification of voting rights given in fulfilment of the obligations imposed by the FCA in accordance with DTR5 (including section 5.8.1). by The Goldman Sachs Group, Inc. dated 19 June 2017 for itself and its subsidiaries in relation to Debenhams plc | ||||||
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 | |||||
Swap (Cash) | 03-Sep-2019 | 18,000,000 | 1.47% | |||
Swap (Cash) | 17-Jul-2017 | 17,663,644 | 1.44% | |||
Swap (Cash) | 27-Jun-2017 | 15,698,741 | 1.28% | |||
Swap (Cash) | 17-Dec-2019 | 15,204,845 | 1.24% | |||
CFD (Cash) | 25-Nov-2026 | 5,674,588 | 0.46% | |||
CFD (Cash) | 10-Dec-2025 | 4,912,271 | 0.40% | |||
CFD (Cash) | 10-Dec-2025 | 4,870,940 | 0.40% | |||
Swap (Cash) | 25-Sep-2017 | 2,697,486 | 0.22% | |||
CFD (Cash) | 04-Feb-2026 | 1,848,212 | 0.15% | |||
CFD (Cash) | 10-Dec-2025 | 1,751,982 | 0.14% | |||
CFD (Cash) | 02-Jul-2026 | 1,669,745 | 0.14% | |||
CFD (Cash) | 12-May-2027 | 1,043,743 | 0.09% | |||
CFD (Cash) | 21-Nov-2025 | 724,528 | 0.06% | |||
CFD (Cash) | 14-Jan-2026 | 712,530 | 0.06% | |||
CFD (Cash) | 10-Dec-2025 | 585,137 | 0.05% | |||
Swap (Cash) | 25-Sep-2017 | 537,033 | 0.04% | |||
CFD (Cash) | 14-May-2027 | 509,704 | 0.04% | |||
CFD (Cash) | 28-Apr-2027 | 426,608 | 0.03% | |||
CFD (Cash) | 03-Feb-2027 | 359,522 | 0.03% | |||
Swap (Cash) | 26-May-2022 | 350,000 | 0.03% | |||
Swap (Cash) | 25-Sep-2017 | 318,115 | 0.03% | |||
Swap (Cash) | 25-May-2022 | 300,000 | 0.02% | |||
CFD (Cash) | 21-Nov-2025 | 183,507 | 0.01% | |||
CFD (Cash) | 18-Jun-2027 | 168,353 | 0.01% | |||
Swap (Cash) | 26-May-2022 | 150,000 | 0.01% | |||
Swap (Cash) | 25-May-2022 | 150,000 | 0.01% | |||
Swap (Cash) | 25-Sep-2017 | 120,339 | 0.01% | |||
CFD (Cash) | 08-Jun-2022 | 110,000 | 0.01% | |||
CFD (Cash) | 08-Jun-2022 | 100,000 | 0.01% | |||
CFD (Cash) | 25-Apr-2022 | 100,000 | 0.01% | |||
CFD (Cash) | 25-Apr-2022 | 100,000 | 0.01% | |||
CFD (Cash) | 10-Dec-2025 | 90,255 | 0.01% | |||
CFD (Cash) | 03-Dec-2026 | 74,203 | 0.01% | |||
CFD (Cash) | 01-Jul-2026 | 72,903 | 0.01% | |||
Swap (Cash) | 25-Sep-2017 | 63,332 | 0.01% | |||
CFD (Cash) | 27-Apr-2022 | 60,000 | 0.005% | |||
CFD (Cash) | 10-Sep-2021 | 60,000 | 0.005% | |||
CFD (Cash) | 21-Nov-2025 | 53,102 | 0.004% | |||
CFD (Cash) | 10-Sep-2021 | 50,000 | 0.004% | |||
CFD (Cash) | 27-Apr-2022 | 50,000 | 0.004% | |||
CFD (Cash) | 03-Jun-2027 | 37,801 | 0.003% | |||
CFD (Cash) | 27-May-2027 | 29,528 | 0.002% | |||
Swap (Cash) | 17-May-2018 | 25,200 | 0.002% | |||
Swap (Cash) | 19-Jun-2018 | 17,300 | 0.001% | |||
Swap (Cash) | 17-May-2018 | 16,100 | 0.001% | |||
Swap (Cash) | 25-Sep-2017 | 14,192 | 0.001% | |||
Swap (Cash) | 17-May-2018 | 12,400 | 0.001% | |||
Swap (Cash) | 17-May-2018 | 12,300 | 0.001% | |||
Swap (Cash) | 17-May-2018 | 12,200 | 0.001% | |||
Swap (Cash) | 19-Jun-2018 | 11,900 | 0.001% | |||
Swap (Cash) | 19-Jun-2018 | 11,000 | 0.001% | |||
Swap (Cash) | 17-May-2018 | 7,900 | 0.001% | |||
Swap (Cash) | 17-May-2018 | 7,800 | 0.001% | |||
Swap (Cash) | 17-May-2018 | 7,800 | 0.001% | |||
Swap (Cash) | 19-Jun-2018 | 7,700 | 0.001% | |||
Total Number of voting rights and percentage of voting rights | 97,846,489 | 7.97% | ||||
Additional information: Please note, total amount of voting rights have been rounded to 2 decimal places therefore there is a possibility of a rounding error. | ||||||