RNS Number : 6047O
Crest Nicholson Holdings PLC
23 September 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

Crest Nicholson Holdings 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

Värde Partners, Inc. (for itself and related general partners and investment managers)

4. Full name of shareholder(s)
 (if different from 3.):iv

The Värde Fund V-B, L.P.

The Värde Fund VI-A, L.P.

The Värde Fund VII-B, L.P.

The Värde Fund VIII, L.P.

The Värde Fund IX, L.P.

The Värde Fund IX-A, L.P.

The Värde Fund X (Master), L.P.

Värde Investment Partners (Offshore) Master, L.P.

Värde Investment Partners, L.P.

5. Date of the transaction and date on
which the threshold is crossed or
reached: v

18 September 2013

6. Date on which issuer notified:

20 September 2013

7. Threshold(s) that is/are crossed or
reached: vi, vii

Aggregate holding has reduced from 32% to 20.1%


 

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

GB00B8VZXT93

80,681,989

80,681,989

50,510,715

50,510,715


20.1%




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







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




Total (A+B+C)

Number of voting rights

Percentage of voting rights

50,510,715

20.1%


 

9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable: xxi

Värde Partners Inc. is making this notification in its capacity as general partner of Värde Partners, L.P., which is the managing member of each of the following entities:

 

·      Värde Fund V GP, LLC, which is the general partner of The Värde Fund V-B, L.P.

·      Värde Investment Partners G.P., LLC, which is the general partner of The Värde Fund VI-A, L.P.

·      Värde Investment Partners G.P., LLC, which is the general partner of The Värde Fund VII-B, L.P.

·      Värde Fund VIII G.P., LLC, which is the general partner of The Värde Fund VIII, L.P.

·      Värde Fund IX G.P., LLC, which is the general partner of The Värde Fund IX, L.P.

·      Värde Fund IX G.P., LLC, which is the general partner of The Värde Fund IX-A, L.P.

·      The Värde Fund X GP, LLC which is the general partner of The Värde Fund X (GP), L.P. which is the general partner of The Värde Fund X (Master), L.P.

·      Värde Investment Partners G.P., LLC, which is the general partner of Värde Investment Partners, L.P.

·      Värde Investment Partners G.P., LLC, which is the general partner of Värde Investment Partners (Offshore) Master, L.P.

 

(together the registered shareholders in the issuer)

 


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:



14. Contact name:

Brett Barbour

15. Contact telephone number:

001 952 374 6982


 

 


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