9 Jul 2019 15:17
TR-1: Standard form for notification of major holdings
NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i | ||||||
1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii: | JPMorgan European Smaller Companies Trust plc | |||||
1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate) | ||||||
Non-UK issuer | ||||||
2. Reason for the notification (please mark the appropriate box or boxes with an "X") | ||||||
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 | ||||||
Name | Chase Nominees Limited | |||||
City and country of registered office (if applicable) | London, England | |||||
4. Full name of shareholder(s) (if different from 3.)v | ||||||
Name | ||||||
City and country of registered office (if applicable) | ||||||
5. Date on which the threshold was crossed or reachedvi: | 8th July 2019 | |||||
6. Date on which issuer notified (DD/MM/YYYY): | 9th July 2019 | |||||
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 of both in % (8.A + 8.B) | Total number of voting rights of issuervii | |||
Resulting situation on the date on which threshold was crossed or reached | 5.89% | 0 | 5.89% |
159,462,885
| ||
Position of previous notification (if applicable) | Below minimum threshold | Below minimum threshold | Below minimum threshold | |||
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 ofshares ISIN code (if possible) | Number of voting rightsix | % of voting rights | |||||||
Direct (Art 9 of Directive 2004/109/EC) (DTR5.1) | Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1) | Direct (Art 9 of Directive 2004/109/EC) (DTR5.1) | Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1) | ||||||
Ordinary shares GB00BMTS0Z37 | 9,402,163 |
5.89%
| |||||||
SUBTOTAL 8. A | 9,402,163 | 5.89% | |||||||
| |||||||||
B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a)) | |||||||||
Type of financial instrument | Expirationdatex | Exercise/Conversion Periodxi | Number of voting rights that may be acquired if the instrument is exercised/converted. | % of voting rights | |||||
SUBTOTAL 8. B 1 | |||||||||
| |||||||||
B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) | |||||||||
Type of financial instrument | Expirationdatex | Exercise/Conversion Period xi | Physical or cash settlementxii | Number of voting rights | % of voting rights | ||||
SUBTOTAL 8.B.2 | |||||||||
| |||||||||
9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X") | ||||
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) issuerxiii | X | |||
Full chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary) | ||||
Namexv | % 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 | |
10. In case of proxy voting, please identify: | ||||
Name of the proxy holder | The Chairman | |||
The number and % of voting rights held | 9,402,163 5.89% | |||
The date until which the voting rights will be held | 10th July 2019 | |||
11. Additional informationxvi | ||||
Chase Nominees Limited announces that J.P. Morgan Trustee & Administration Services Limited has a notifiable interest in 9,402,163 Ordinary shares. These shares are held on behalf of participants in the JPMorgan investment trust savings products. J.P. Morgan Trustee & Administration Services Limited has a notifiable interest in these shares because, in certain circumstances and subject to certain limitations agreed with the Takeover Panel to ensure compliance with the Takeover Code, JPMorgan is entitled to exercise the voting rights attached to the Ordinary shares if the relevant plan participants do not do so.
JPMorgan is now entitled to exercise the voting rights attached to these Ordinary shares, as these shares have not been voted by the participants in the JPMorgan investment trust savings products in respect of the Company's 2019 Annual General Meeting to be held on Wednesday 10th July 2019. This entitlement will cease following the conclusion of the Company's 2019 Annual General Meeting. | ||||
Place of completion | London, United Kingdom |
Date of completion | 9th July 2019 |