Last checked at 
6 Dec 2018 07:00
UK Commercial Property REIT Ltd - Holding(s) in CompanyUK Commercial Property REIT Ltd - Holding(s) in Company
PR Newswire
London, December 5
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: | UK Commercial Property REIT Limited (“UKCPR”) | |||||
| 1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate) | ||||||
| Non-UK issuer | X | |||||
| 2. Reason for the notification (please mark the appropriate box or boxes with an “X”) | ||||||
| An acquisition or disposal of voting rights | ||||||
| An acquisition or disposal of financial instruments | ||||||
| An event changing the breakdown of voting rights | ||||||
| Other (please specify)iii: | X (change in % level of voting rights in different categories of voting rights, in accordance with DTR 5.7.2.) | |||||
| 3. Details of person subject to the notification obligationiv | ||||||
| Name | Phoenix Life Limited | |||||
| City and country of registered office (if applicable) | Birmingham, United Kingdom | |||||
| 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: | 29 November 2018 | |||||
| 6. Date on which issuer notified (DD/MM/YYYY): | 3 December 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 | 34.98% (indirect) | 34.98% | 34.98% (see section 11) | 454,544,759 | ||
| Position of previous notification (if applicable) | 34.98% (direct) | 34.98% (see section 11) | ||||
| 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 of shares 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) | ||||||||||||
| 454,544,759 | 34.98% | ||||||||||||||
| SUBTOTAL 8. A | 454,544,759 | 34.98% | |||||||||||||
| B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a)) | |||||||||||||||
| Type of financial instrument | Expiration datex | Exercise/ Conversion Periodxi | Number of voting rights that may be acquired if the instrument is exercised/converted. | % of voting rights | |||||||||||
| Right of recall over securities lending agreements | None | At any time | 454,544,759 | 34.98% | |||||||||||
| SUBTOTAL 8. B 1 | 454,544,759 | 34.98% | |||||||||||||
| 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 | Expiration datex | 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 | |||||||||||||||
| Full chain of controlled undertakings through which the voting rights and/or the financial 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 | ||||||||||||
| Phoenix Life Limited | 34.98% (indirect) | 34.98% | 34.98% (see section 11) | ||||||||||||
| A. Phoenix SPV1 Limited | 8.75% | 8.75% | |||||||||||||
| B. Phoenix SPV2 Limited | 8.75% | 8.75% | |||||||||||||
| C. Phoenix SPV3 Limited | 8.75% | 8.75% | |||||||||||||
| D. Phoenix SPV4 Limited | 8.74% | 8.74% | |||||||||||||
| 10. In case of proxy voting, please identify: | |||||||||||||||
| Name of the proxy holder | |||||||||||||||
| The number and % of voting rights held | |||||||||||||||
| The date until which the voting rights will be held | |||||||||||||||
| 11. Additional informationxvi | |||||||||||||||
| Phoenix Life Limited’s percentage of voting rights held in UKCPR will remain at 34.98%. This is because Phoenix Life Limited has transferred its UKCPR shares to four subsidiaries via stock lending arrangements, meaning that it will have both indirect voting rights and a right to recall the shares at any time (thus regaining its direct voting rights). | |||||||||||||||
| Place of completion | London |
| Date of completion | 29 November 2018 |