TIDMADMR

RNS Number : 8458Y

Admiral Acquisition Limited

05 January 2024

TR-1: Standard form for notification of major holdings

1. Issuer Details

ISIN

VGG0093S1092

Issuer Name

Admiral Acquisition Limited

UK or Non-UK Issuer

Non-UK

2. Reason for Notification

An acquisition or disposal of voting rights

3. Details of person subject to the notification obligation

Name

Progeny 3, Inc.

City of registered office (if applicable)

Seattle

Country of registered office (if applicable)

United States

 
  Name           City of registered office    Country of registered office 
   P3-EQ, LLC     Wilmington, Delaware         United States 
               ===========================  ============================== 
 

4. Details of the shareholder

 
  Name           City of registered office    Country of registered office 
   P3-EQ, LLC     Wilmington, Delaware         United States 
               ===========================  ============================== 
 

5. Date on which the threshold was crossed or reached

02-Jan-2024

6. Date on which Issuer notified

03-Jan-2024

7. Total positions of person(s) subject to the notification obligation

 
                          % of voting rights      % of voting rights      Total of both in %      Total number of 
                          attached to shares      through financial       (8.A + 8.B)             voting rights held 
                          (total of 8.A)          instruments (total                              in issuer 
                                                  of 8.B 1 + 8.B 2) 
   Resulting situation 
    on the date on 
    which threshold 
    was crossed or 
    reached                18.527096               0.000000                18.527096               10000000 
                        ======================  ======================  ======================  ====================== 
   Position of 
    previous 
    notification (if 
    applicable)            18.535681               0.000000                18.535681 
                        ======================  ======================  ======================  ====================== 
 

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached

8A. Voting rights attached to shares

 
Class/Type of shares    Number of direct        Number of indirect      % of direct voting      % of indirect voting 
ISIN code(if possible)  voting rights (DTR5.1)  voting rights           rights (DTR5.1)         rights (DTR5.2.1) 
                                                (DTR5.2.1) 
VGG0093S1092                                       10000000                                        18.527096 
                        ======================  ======================  ======================  ====================== 
Sub Total 8.A              10000000                                        18.527096% 
                        ==============================================  ============================================== 
 

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))

 
Type of financial           Expiration date  Exercise/conversion period  Number of voting rights    % of voting rights 
instrument                                                               that may be acquired if 
                                                                         the instrument is 
                                                                         exercised/converted 
 
Sub Total 8.B1 
                            ===========================================  =========================  ================== 
 

8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))

 
Type of financial   Expiration date  Exercise/conversion  Physical or cash     Number of voting     % of voting rights 
instrument                           period               settlement           rights 
 
Sub Total 8.B2 
                    =========================================================  ===================  ================== 
 

9. Information in relation to the person subject to the notification obligation

2. 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 entities (please add additional rows as necessary)

 
Ultimate controlling    Name of controlled      % of voting rights if   % of voting rights      Total of both if it 
person                  undertaking             it equals or is higher  through financial       equals or is higher 
                                                than the notifiable     instruments if it       than the notifiable 
                                                threshold               equals or is higher     threshold 
                                                                        than the notifiable 
                                                                        threshold 
 
 

10. In case of proxy voting

Name of the proxy holder

The number and % of voting rights held

The date until which the voting rights will be held

11. Additional Information

This notification reflects the transfer of 2,500,000 ordinary shares of Admiral Acquisition Limited from 82FRS Holdings, LLC to P3-EQ, LLC.

With respect to the chain of controlled undertakings in item 9 above:

1) Jon Hemingway is the sole shareholder of Progeny 3, Inc.

2) Progeny 3, Inc. is the managing member of P3-EQ, LLC.

3) The table indicates that the voting rights over the shares held directly by the shareholder are exercisable indirectly by the managing member undertaking and natural person in the chain of control above the shareholder.

12. Date of Completion

04-Jan-2024

13. Place Of Completion

Seattle, Washington

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END

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