15 Aug 2013 09:46
15 August 2013
Findel plc (the "Company")
Holding(s) in Company
The Company has received notification from Tosca Asset Management LLP of a change to their major interest in the shares of the Company. Copies of the details notified are attached to this announcement.
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Enquiries
Findel plc Mark Ashcroft, Company Secretary0161 303 3465
Tulchan Communications LLPStephen Malthouse / Susanna Voyle / Michelle Clarke020 7353 4200
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi |
1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii | FINDEL PLC | |||
2 Reason for the notification (please tick the appropriate box or boxes): | ||||
An acquisition or disposal of voting rights | YES | |||
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached | ||||
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments | ||||
An event changing the breakdown of voting rights | ||||
Other (please specify): | ||||
3. Full name of person(s) subject to thenotification obligation: iii | Toscafund Asset Management LLP | |||
4. Full name of shareholder(s) (if different from 3.):iv | Tosca Mid Cap Tosca Opportunity Fund | |||
5. Date of the transaction and date onwhich the threshold is crossed orreached: v | 12/08/2013 | |||
6. Date on which issuer notified: | 14/08/2013 | |||
7. Threshold(s) that is/are crossed orreached: vi, vii | 28%, 27%, 26% | |||
8. Notified details: | ||||||||||||||||
A: Voting rights attached to shares viii, ix | ||||||||||||||||
Class/type ofshares if possible usingthe ISIN CODE | Situation previousto the triggeringtransaction | Resulting situation after the triggering transaction | ||||||||||||||
NumberofShares | NumberofVotingRights | Numberof shares | Number of votingrights | % of voting rights x | ||||||||||||
Direct | Direct xi | Indirect xii | Direct | Indirect | ||||||||||||
GB0003374070 | 24,759,824 | 24,759,824 | 22,259,120 | 0 | 22,259,120 | 0 | 25.900% | |||||||||
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 | ||||||||||||
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi | ||||||||||||||||
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
| |||||||||||
| Nominal | Delta | ||||||||||||||
Total (A+B+C) | ||||||||||||||||
Number of voting rights | Percentage of voting rights | |||||||||||||||
22,259,120 | 25.900% | |||||||||||||||
9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi | ||
| ||
Proxy Voting: | ||
10. Name of the proxy holder: | ||
11. Number of voting rights proxy holder will ceaseto hold: | ||
12. Date on which proxy holder will cease to holdvoting rights: | ||
13. Additional information: | ||
14. Contact name: | Robert Lord | |
15. Contact telephone number: | 020 7845 6100 | |