TIDMPLP TIDMSLA

RNS Number : 6786U

Polypipe Group PLC

01 April 2019

TR-1: Standard form for notification of major holdings

 
 NOTIFICATION OF MAJOR HOLDINGS 
 
 1a. Identity of the issuer or the                                        Polypipe Group plc 
  underlying issuer of existing shares 
  to which voting rights are attached(ii) 
  : 
                                                    -------------------------------------------------------------- 
 1b. Please indicate if the issuer is a non-UK issuer (please mark with 
  an "X" if appropriate) 
 Non-UK issuer 
                                                                                                ------------------ 
 2. Reason for the notification (please mark the appropriate box or boxes 
  with an "X") 
 An acquisition or disposal of voting rights                                                             X 
                                                                                                ------------------ 
 An acquisition or disposal of financial instruments 
                                                                                                ------------------ 
 An event changing the breakdown of voting rights 
                                                                                                ------------------ 
 Other (please specify)(iii) : 
                                                                                                ------------------ 
 3. Details of person subject to the notification obligation(iv) 
 Name                                                Aggregate of Standard Life Aberdeen 
                                                      plc affiliated investment management 
                                                      entities with delegated voting rights 
                                                      on behalf of multiple managed portfolios 
 City and country of registered office               Edinburgh, Scotland 
  (if applicable) 
 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                  28/03/2019 
  crossed or reached(vi) : 
                                                    -------------------------------------------------------------- 
 6. Date on which issuer notified (DD/MM/YYYY):      29/03/2019 
                                                    -------------------------------------------------------------- 
 7. Total positions of person(s) subject to the notification obligation 
                                 % of voting          % of voting rights       Total of both     Total number 
                                rights attached        through financial        in % (8.A +       of voting rights 
                               to shares (total           instruments               8.B)          of issuer(vii) 
                                   of 8. A)              (total of 8.B 
                                                          1 + 8.B 2) 
                           -----------------------  ----------------------  ------------------  ------------------ 
 Resulting situation 
  on the date 
  on which threshold 
  was crossed 
  or reached                        11.76                    0.00                  11.76            199,787,507 
                           -----------------------  ----------------------  ------------------  ------------------ 
 Position of 
  previous notification 
  (if 
  applicable)                       11.06                    0.00                  11.06 
                           -----------------------  ----------------------  ------------------  ------------------ 
 
 
 
 8. Notified details of the resulting situation on the date on which the 
  threshold was crossed or reached(viii) 
 A: Voting rights attached to shares 
 Class/type of      Number of voting rights(ix)                  % of voting rights 
  shares 
  ISIN code (if 
  possible) 
                          Direct                Indirect                       Direct                       Indirect 
                    (Art 9 of Directive   (Art 10 of Directive           (Art 9 of Directive          (Art 10 of Directive 
                       2004/109/EC)           2004/109/EC)              2004/109/EC) (DTR5.1)             2004/109/EC) 
                         (DTR5.1)              (DTR5.2.1)                                                  (DTR5.2.1) 
                                         --------------------- 
 GB00BKRC5K31               N/A                23,504,457                                                    11.76 
                   --------------------  ---------------------  -----------------------------------  --------------------- 
 
 SUBTOTAL 8. A                      23,504,457                                             11.76 
                   -------------------------------------------  ---------------------------------------------------------- 
 
 B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC 
  (DTR5.3.1.1 (a)) 
 Type of            Expiration            Exercise/              Number of voting                     % of voting 
  financial          date(x)              Conversion              rights that may                      rights 
  instrument                              Period(xi)              be acquired if 
                                                                  the instrument 
                                                                  is 
                                                                  exercised/converted. 
                   --------------------  ---------------------  -----------------------------------  --------------------- 
 
 
                                          SUBTOTAL 8. B 1 
                                         ---------------------  -----------------------------------  --------------------- 
 
 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           Expiration             Exercise/              Physical or       Number of          % of voting 
  financial         date(x)               Conversion             cash               voting rights      rights 
  instrument                              Period (xi)            settlement(xii) 
                  ---------------------  ---------------------  ----------------  ----------------- 
 
 
                                                                 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) issuer(xiii) 
 Full chain of controlled undertakings through which the voting rights                    X 
  and/or the 
  financial instruments are effectively held starting with the ultimate 
  controlling natural person or legal entity(xiv) (please add additional 
  rows as necessary) 
             Name(xv)                  % of voting       % of voting rights       Total of both if 
                                       rights if it       through financial        it equals or is 
                                       equals or is         instruments if         higher than the 
                                       higher than           it equals or        notifiable threshold 
                                      the notifiable        is higher than 
                                        threshold           the notifiable 
                                                              threshold 
                                   ------------------  ----------------------  ---------------------- 
 Standard Life Aberdeen 
  plc 
                                   ------------------  ----------------------  ---------------------- 
 Standard Life Investments 
  (Holdings) Limited 
                                   ------------------  ----------------------  ---------------------- 
 Standard Life Investments 
  Limited                                 10.11                 0.00                    10.11 
                                   ------------------  ----------------------  ---------------------- 
 
 Standard Life Aberdeen 
  plc 
                                   ------------------  ----------------------  ---------------------- 
 Aberdeen Asset Management 
  PLC 
                                   ------------------  ----------------------  ---------------------- 
 Aberdeen Asset Investment 
  Group Limited 
                                   ------------------  ----------------------  ---------------------- 
 Aberdeen Asset Investments 
  Limited 
                                   ------------------  ----------------------  ---------------------- 
 
 Standard Life Aberdeen 
  plc 
                                   ------------------  ----------------------  ---------------------- 
 Standard Life Investments 
  (Holdings) Limited 
                                   ------------------  ----------------------  ---------------------- 
 Ignis Asset Management 
  Limited 
                                   ------------------  ----------------------  ---------------------- 
 Ignis Investment Services 
  Limited 
                                   ------------------  ----------------------  ---------------------- 
 
 Standard Life Aberdeen 
  plc 
                                   ------------------  ----------------------  ---------------------- 
 Aberdeen Asset Management 
  PLC 
                                   ------------------  ----------------------  ---------------------- 
 Aberdeen Asset Managers 
  Limited 
                                   ------------------  ----------------------  ---------------------- 
 
 
 
 
 
 10. In case of proxy voting, please identify: 
 Name of the proxy holder                                                  N/A 
                                                                          ------- 
 The number and % of voting rights                                         N/A 
  held 
                                                                          ------- 
 The date until which the voting rights                                    N/A 
  will be held 
                                                                          ------- 
 
 11. Additional information(xvi) 
 
  In reference to Section 9, the shares detailed are managed by the named 
  discretionary investment management entity within multiple portfolios 
  on behalf of underlying clients, based on investment management agreements 
  where-by the client has delegated the exercise of the voting power to 
  the referenced investment manager. 
 
  This disclosure is to reflect the fact that the voting rights held indirectly 
  by the underlying investment management entity Standard Life Investments 
  Limited ("SLIL") increased above a notifiable threshold due to trading 
  on 28 March 2019. SLIL now holds the delegated voting rights to 10.11% 
  of the shares in Polypipe Group plc. Prior to this crossing, SLIL held 
  9.84% of the delegated voting rights. 
 
 
 Place of completion   Edinburgh, United Kingdom 
 Date of completion    28/03/2019 
                      -------------------------- 
 

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