TR-1 Notification

RNS Number : 9825V

Just Retirement Group PLC

19 December 2013

 



TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii			Just Retirement Group plc ("JRG")
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights				✓
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 the notification obligation: iii		Permira Holdings Limited
4. Full name of shareholder(s)  (if different from 3.):iv		Avallux S.à.r.l. (''Avallux'')
5. Date of the transaction and date on which the threshold is crossed or reached: v		18 December 2013
6. Date on which issuer notified:		18 December 2013
7. Threshold(s) that is/are crossed or reached: vi, vii		N/A

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type of shares if possible using the ISIN CODE

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of Shares

Number of Voting Rights

Number of shares

Number of voting rights

% of  voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

Ordinary Shares ISIN: GB00BCRX1J15

288,993,748

288,993,748

311,873,991

311,873,991

62.3%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date xiii

Exercise/ Conversion Period xiv

Number of voting rights that may be acquired if the instrument is exercised/ converted.

% of voting rights

N/A

N/A

N/A

N/A

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date xvii

Exercise/ Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

N/A

N/A

N/A

N/A

N/A

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

311,873,991

62.3%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
Avallux is owned by Permira IV, a fund managed by Permira IV Managers Limited, a wholly-owned subsidiary of Permira Holdings Limited.
Proxy Voting:
10. Name of the proxy holder:		N/A
11. Number of voting rights proxy holder will cease to hold:		N/A
12. Date on which proxy holder will cease to hold voting rights:		N/A
13. Additional information:	From admission of the Ordinary Shares on 15 November 2013 ("Admission") to 18 December 2013, the total number of voting rights in JRG held by Avallux was 311,873,991 (62.3% as at 18 December), comprising (a) 288,993,748 Ordinary Shares held directly and (b) 22,880,243 Ordinary Shares loaned to Deutsche Bank AG, London Branch, in accordance with the terms of a Stock Lending Agreement (as described in the prospectus published by JRG on 12 November in relation to Admission (the "Prospectus")), and under which 22,880,243 Ordinary Shares were returned to Avallux on 18 December 2013. The notification of major interests, as notified in this Form TR-1, reflects (a) the transfer of 22,880,243 Ordinary Shares by Deutsche Bank AG, London Branch, to Avallux, and (b) the termination of Avallux's right to receive such Ordinary Shares, each in accordance with the Stock Loan Agreement. There is no change in the total number of voting rights held by Avallux in JRG.
14. Contact name:	Cedric Pedoni
15. Contact telephone number:	+ 352 26 86 811

 

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