ONE Savings Bank PLC : Holding(s) in Company OneSavings Bank PLC: Holding(s) in Company
For filings with the FCA include the annex | |
For filings with issuer exclude the annex | |
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TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES i |
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1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii | OneSavings Bank PLC |
2 Reason for the notification (please tick the appropriate box or boxes): |
An acquisition or disposal of voting rights | X |
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 | J. Christopher Flowers JCF Associates III Ltd JCF Associates III L.P. JCF III AIV II L.P. J.C. Flowers III B-L.P. OSB Holdco Ltd. |
4. Full name of shareholder(s) (if different from 3.): iv | Chase Nominees Limited |
5. Date of the transaction and date on which the threshold is crossed or reached: v | 28 March 2017 |
6. Date on which issuer notified: | 29 March 2017 |
7. Threshold(s) that is/are crossed or reached: vi, vii | 52%, 51%, 50%, 49%,48%, 47%, 46%, 45%, 44%, 43% |
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 |
GB00BM7S7K96 | 127,143,873 | 127,143,873 | 0 | 0 | 102,843,873 | 0 | 42.30 |
Ordinary shares of 1p |
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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 |
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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 |
| | | | | Nominal | Delta |
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Total (A+B+C) |
Number of voting rights | Percentage of voting rights |
102,843,873 | 42.30 |
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi |
Chase Nominees Limited holds the voting rights in OSB Holdco as nominee for OSB Holdco Limited. A majority of voting rights in OSB Holdco Limited are held by JCF Associates III L.P. as general partner of each of (i) JCF III AIV II L.P. and (ii) J C Flowers III-B L.P. JCF Associates III Ltd is the general partner of JCF Associates III L.P. J. Christopher Flowers holds a majority of voting rights in JCF Associates III L.P. |
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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 |
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13. Additional information: | |
14. Contact name: | Arvidas Remeza, Associate General Counsel, J.C. Flowers & Co. UK LLP |
15. Contact telephone number: | 0207 7100 515 |
Note: Annex should only be submitted to the FCA not the issuer |
Annex: Notification of major interests in shares xxii |
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A: Identity of the persons or legal entity subject to the notification obligation |
Full name (including legal form of legal entities) | J. Christopher Flowers JCF Associates III Ltd JCF III AIV II L.P. J.C. Flowers III B-L.P. OSB Holdco Ltd. |
Contact address (registered office for legal entities) | C/o J.C. Flowers & Co. UK LLP 125 Old Broad Street 24th Floor London EC2N 1AR |
Phone number & email | 0207 710 0515 aremeza@jcfco.com |
Other useful information (at least legal representative for legal persons) | Arvidas Remeza, Associate General Counsel J.C. Flowers & Co. UK LLP |
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B: Identity of the notifier, if applicable |
Full name | Arvidas Remeza, Associate General Counsel, J.C. Flowers & Co. UK LLP |
Contact address | 125 Old Broad Street 24th Floor London EC2N 1AR |
Phone number & email | 0207 710 0515 aremeza@jcfco.com |
Other useful information (e.g. functional relationship with the person or legal entity subject to the notification obligation) | Affiliate of the entities subject to the notification obligation |
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C: Additional information |
N/A |