TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi |
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1. Identity of the issuer or the underlying issuer |
Lidco Group PLC |
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2 Reason for the notification (please tick the appropriate box or boxes): |
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An acquisition or disposal of voting rights |
NO |
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An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached |
NO |
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An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments |
NO |
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An event changing the breakdown of voting rights |
NO |
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Other (please specify): |
Periodic update |
NO |
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3. Full name of person(s) subject to the |
Ingalls & Snyder LLC ("I&S") and Ingalls & Snyder Value Partners LP ("ISVP"). |
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4. Full name of shareholder(s) |
I&S, on behalf of its clients, has dispositive authority over (i.e. the power and authorization to sell at I&S's discretion) 17,125,579 shares. In respect of 13,820,000 of such 17,125,579 shares ISVP (as beneficial owner) shares dispositive authority with I&S and has voting authority. So in respect of the 13,820,000 shares beneficially held by ISVP, I&S has and ISVP share dispositive authority and ISVP has voting authority. |
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5. Date of the transaction and date on |
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6. Date on which issuer notified: |
February 2, 2020 |
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7. Threshold(s) that is/are crossed or |
Interest in excess of 7% of issued share capital. |
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8. Notified details: |
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A: Voting rights attached to shares viii, ix |
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Class/type of
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Situation previous |
Resulting situation after the triggering transaction |
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Number |
Number |
Number |
Number of voting |
% of voting rights x |
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Direct |
Direct xi |
Indirect xii |
Direct |
Indirect |
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Ordinary Shares of 0.5 pence ISIN GB0030546849 |
17,125,579 |
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17,125,579 |
See note 4 above. I&S has dispositive authority over 17,125,579shares and ISVP has voting authority and shares dispositive authority in respect of 13,820,000 of such shares. |
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7.01% (Note: For these purposes we have assumed that dispositive authority is equivalent to voting rights). |
- |
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B: Qualifying Financial Instruments |
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Resulting situation after the triggering transaction |
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Type of financial |
Expiration |
Exercise/ |
Number of voting |
% of voting |
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N/A |
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C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi |
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Resulting situation after the triggering transaction |
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Type of financial |
Exercise price |
Expiration date xvii |
Exercise/ |
Number of voting rights instrument refers to
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% of voting rights xix, xx
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N/A |
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Nominal |
Delta |
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Total (A+B+C) |
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Number of voting rights |
Percentage of voting rights |
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17,125,579 (Note: For these purposes we have assumed that dispositive authority is equivalent to voting rights). |
7.01% (Note: For these purposes we have assumed that dispositive authority is equivalent to voting rights). |
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9. Chain of controlled undertakings through which the voting rights and/or the |
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N/A |
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Proxy Voting: |
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10. Name of the proxy holder: |
N/A |
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11. Number of voting rights proxy holder will cease |
N/A |
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12. Date on which proxy holder will cease to hold |
N/A |
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14. Contact name: |
Frank Stolba |
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15. Contact telephone number: |
(001) (212) 269 - 7814 |
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