10 Jan 2020 15:19
Life Settlement Assets PLC
10 January 2020
LIFE SETTLEMENT ASSETS PLC
(the "Company" or "LSA")
LEI: 2138003OL2VBXWG1BZ27
Holding(s) in Company
The Company was notified on 10 January 2020 that on 20 December 2019 EFFIL II S.A. disposed of 6,600,000 D and 1,500,000 E shares, making 8,100,000 shares in aggregate equivalent to 12.49 per cent of the Company's issued share capital. As previously announced on 24 December 2019, these shares were acquired by Tomson Pte Ltd, a company controlled by Jean-Michel Paul of Acheron Capital Limited, the investment manager to LSA's underlying portfolio trusts.
Enquiries:
Acheron Capital Limited (Investment Manager)
020 7258 5990
Shore Capital (Financial Adviser and Broker)
Robert Finlay
020 7408 4080
ISCA Administration Services Limited - Company Secretary
01392 487056
The information below (set out in accordance with the requirements of EU Market Abuse Regulation) provides further detail:
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 | ||||||
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1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii: | Life Settlement Assets PLC Registered number: 10918785 LEI: 2138003OL2VBXWG1BZ27 | |||||
1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate) | ||||||
Non-UK issuer |
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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 |
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An event changing the breakdown of voting rights |
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Other (please specify)iii: |
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3. Details of person subject to the notification obligationiv | ||||||
Name | EFFIL II S.A. | |||||
City and country of registered office (if applicable) | Luxembourg City, Grand Duchy of Luxembourg | |||||
4. Full name of shareholder(s) (if different from 3.)v | ||||||
Name |
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City and country of registered office (if applicable) |
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5. Date on which the threshold was crossed or reachedvi: | 20/12/2019 | |||||
6. Date on which issuer notified (DD/MM/YYYY): | 10/01/2020 | |||||
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 | 0% |
| 0% | 64,846,653 | ||
Position of previous notification (if applicable) | 11% (position pre buyback as previously announced) |
| 11% (position pre buyback as previously announced) |
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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) | ||||||
D Ordinary Shares GB00BF1Q4N27 | 0 |
| 0% |
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E Ordinary Shares GB00BF1Q4D29 |
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SUBTOTAL 8. A | 0 | 0% | |||||||
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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 | |||||
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| SUBTOTAL 8. B 1 |
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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 | ||||
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| SUBTOTAL 8.B.2 |
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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 |
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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) | x | |||
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 | |
EFFI-INVEST II S.C.A. | 0% |
| 0% | |
(owns 100% of EFFIL II S.A.) |
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10. In case of proxy voting, please identify: | ||||
Name of the proxy holder |
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The number and % of voting rights held |
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The date until which the voting rights will be held |
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11. Additional informationxvi | ||||
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Place of completion | Luxembourg City, Grand Duchy of Luxembourg |
Date of completion | 10/01/2020 |