15 Mar 2018 12:05
TR-1: Standard form for notification of major holdings
1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii: | Millennium & Copthorne Hotels 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 | MSD Partners, L.P. and MSD Capital, L.P.
MSD Partners, L.P. holds 3.0% and has a joint voting arrangement in place with MSD Capital, L.P. who holds 2.05%. The aggregate position is 5.05%.
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City and country of registered office (if applicable) | 645 Fifth Avenue, 21st Floor, New York, New York USA | |||||
4. Full name of shareholder(s) (if different from 3.)v | ||||||
Name | ||||||
City and country of registered office (if applicable) | 645 Fifth Avenue, 21st Floor, New York, New York USA | |||||
5. Date on which the threshold was crossed or reachedvi: | 09/03/2018 | |||||
6. Date on which issuer notified (DD/MM/YYYY): | 13/03/2018 | |||||
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 | 5.05% | 5.05% | 16,394,202
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Position of previous notification (if applicable) | ||||||
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) | ||||||
GB0005622542 | 16,394,202 | 5.05% | |||||||
SUBTOTAL 8. A | 16,394,202 | 5.05% | |||||||
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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 | |||||
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 | ||||
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") |
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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 |
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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 |
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MSD European Opportunity Master Fund, L.P. | 3.00% | 3.00% |
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MSD Value Investments, L.P. | 2.05% | 2.05% |
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10. In case of proxy voting, please identify: |
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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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MSD Partners, L.P. is the investment manager that, both directly and through a sub advisory relationship with MSD Partners Europe, LLP, provides investment management and other services to MSD European Opportunity Master Fund, L.P. MSD Partners (GP), LLC is the general partner of MSD Partners, L.P. and its managers are Marc Lisker, John Phelan and Glenn R. Fuhrman.
MSD Capital, L.P. is the general partner of MSD Value Investments, L.P. MSD Capital Management, LLC is the general partner of MSD Capital, L.P. and its managers are Marc Lisker, John Phelan and Glenn Fuhrman.
MSD Partners, L.P. has a joint voting arrangement in place with MSD Capital, L.P. and in the aggregate own 5.05%.
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Place of completion | New York, New York |
Date of completion | 13/3/2018 |
Millennium & Copthorne Hotels plc
LEI: 2138003EQ1O4LZ1JNH19