UK 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