Sign In
18 Oct 2017 07:00
FOR IMMEDIATE RELEASE
Hastings Group Holdings plc (the "Company")
18 October 2017
Conversion of the Holdings of Hastings A, L.P. ("Hastings A") and Hastings B, L.P. ("Hastings B") into Direct Shareholdings
The Company announces that it has been notified by Hastings A and Hastings B, previously the holders of an aggregate of approximately 14% of the Company's issued ordinary share capital, that, in connection with the planned dissolution of those entities, the indirect interest in the Company's shares held by the limited partners of Hastings A and Hastings B have been converted into direct holdings in the Company.
The Hastings A and Hastings B holdings formed part of an aggregate holding controlled by The Goldman Sachs Group, Inc. and certain of its subsidiaries ("Goldman Sachs") representing approximately 15.38% of the Company's issued share capital.
As certain of the underlying interests in Hastings B are not controlled by Goldman Sachs, as a result of this transaction, the aggregate shareholding in the Company which will continue to be controlled by Goldman Sachs has been reduced to approximately 11.60%.
A separate announcement will be made to satisfy the notification obligations under section 5.1 of the Disclosure and Transparency Rules and section 793 of the Companies Act 2006.
For further information, please contact:
Tony Leppard
Group Company Secretary
T: +44 (0)1424 738220 cosec@hastingsplc.com
Louise Underwood
Director of Investor Relations
T: +44 (0)1424 738011 ir@hastingsplc.com
Follow the stocks
