TIDMESKN

RNS Number : 6495W

Esken Limited

13 December 2023

TR-1: S tandard 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                                                Esken Limited 
  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                                                                                                  X 
                                                                                                             ------ 
 2. Reason for the notification (please mark the appropriate box or boxes 
  with an "X") 
 An acquisition or disposal of voting rights                                                                    X 
                                                                                                             ------ 
 3. Details of person subject to the notification obligation (iv) 
 Name                                                         City of registered     Country of registered 
                                                               office                 office 
   Strategic Value Partners LLC                                                        US 
                                                             =====================  ============================ 
 4. Full name of shareholder(s) (if different from 3) (v) 
 Name                                                         City of registered     Country of registered 
                                                               office                 office 
                                                             =====================  ============================ 
   Strategic Value Special Situations                                   Camana Bay     Cayman Islands 
    Master Fund V, L.P. 
                                                             =====================  ============================ 
   Strategic Value Opportunities Fund,                                  Camana Bay     Cayman Islands 
    L.P. 
                                                             =====================  ============================ 
   Strategic Value Capital Solutions                                    Camana Bay     Cayman Islands 
    Master Fund, L.P. 
                                                             =====================  ============================ 
   Strategic Value Special Situations                                   Camana Bay     Cayman Islands 
    Master Fund IV, L.P. 
                                                             =====================  ============================ 
 5. Date on which the threshold was                           8 December 2023 
  crossed or reached (vi) : 
                                                             ------------------------------------------------------ 
 6. Date on which issuer notified                             12 December 2023 
  (DD/MM/YYYY): 
                                                             ------------------------------------------------------ 
 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                   0.000000                0.000000                0.000000                 0 
                          ------------------  --------------------------  -----------------  ---------------------- 
 Position of 
  previous notification 
  (if 
  applicable)                  5.079100                0.000000                5.079100 
                          ------------------  --------------------------  -----------------  ---------------------- 
 
 
 
 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                              % of voting rights 
  shares                                   (ix) 
  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) 
                                           -------------------------- 
 Ordinary 
  GB00B03HDJ73                0                         0                      0.0000000                0.0000000 
                   ----------------------  --------------------------  -------------------------  --------------------- 
 
 
 SUBTOTAL 8. 
  A                                         0                                              0.0000000 
                   --------------------------------------------------  ------------------------------------------------ 
 
 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         Conversion Period               rights that may                   rights 
  instrument         (x)          (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              Number of             % of voting 
  financial     date (x)          Conversion            or 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") 
 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 entity (xiv) (please add additional 
  rows as necessary) 
 Ultimate controlling person     Name of controlled         % of voting             Total of both 
                                     undertaking           rights through             instruments 
                                                        financial instruments        if it equals 
                                                           if it is equal            or is higher 
                                                            to or higher          than the notifiable 
                                                         than the notifiable           threshold 
                                                              threshold 
                               ---------------------  -----------------------  ----------------------- 
                                  Strategic Value 
                                 Special Situations 
 Strategic Value Partners,           Master Fund 
  LLC                                 IV, L.P.                 0.000000                 0.000000 
                               ---------------------  -----------------------  ----------------------- 
 Strategic Value Partners,        Strategic Value 
  LLC                             Capital Solutions 
                                    Master Fund, 
                                        L.P. 
                               ---------------------  -----------------------  ----------------------- 
 Strategic Value Partners,        Strategic Value 
  LLC                               Opportunities 
                                     Fund, L.P. 
                               ---------------------  -----------------------  ----------------------- 
 Strategic Value Partners,        Strategic Value 
  LLC                            Special Situations 
                                     Master Fund 
                                       V, L.P. 
                               ---------------------  -----------------------  ----------------------- 
 
 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 information (xvi) 
 
 
 
 
 12 Place of completion   Greenwich, CT, U.S.A. 
 13 Date of completion    11 December 2023 
                         ---------------------- 
 

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