Capital for Colleagues plc - Shareholding in the Company
PR Newswire
London, January 12
Capital for Colleagues plc / EPIC: CFCP / Market: AQSE / Sector: Financials
12 January 2023
CAPITAL FOR COLLEAGUES PLC
('Capital for Colleagues', 'C4C' or the 'Company')
SHAREHOLDING IN THE COMPANY
Capital for Colleagues, the investment vehicle focused on opportunities in the Employee Owned Business ('EOB') sector, has received a TR-1 Form ('TR-1'), which is reproduced without amendment below.
The TR-1 corrects previous notifications made by Castlefield Investment Partners LLP ('CIP') regarding the number of ordinary shares of 40p each in the Company ('Ordinary Shares') over which CIP and its associates exercise voting control. The Company has been informed by CIP that CIP has not increased its percentage interest in shares in the Company through or between a Rule 9 threshold.
For so long as CIP and its associates are interested in Ordinary Shares carrying more than 30 per cent of the voting rights of the Company but do not hold shares carrying more than 50 per cent of the voting rights of the Company, any further increase in the interest of CIP and its associates in Ordinary Shares will be subject to the provisions of Rule 9 of the Takeover Code.
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: | Capital for Colleagues Plc | |||||
| 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 | ||||||
| An acquisition or disposal of financial instruments | ||||||
| An event changing the breakdown of voting rights | ||||||
| Other (please specify) iii: A retroactive update to previous notifications, to reflect the aggregated holdings under Castlefield Investment Partners LLP's control. | x | |||||
| 3. Details of person subject to the notification obligationiv | ||||||
| Name | Castlefield Investment Partners LLP | |||||
| City and country of registered office (if applicable) | Manchester, United Kingdom | |||||
| 4. Full name of shareholder(s) (if different from 3.) | ||||||
| Name | ||||||
| City and country of registered office (if applicable) | ||||||
| 5. Date on which the threshold was crossed or reachedvi: | 06/01/2023 | |||||
| 6. Date on which issuer notified (DD/MM/YYYY): | 06/01/2023 | |||||
| 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 held in issuer (8.A + 8.B) vii | |||
| Resulting situation on the date on which threshold was crossed or reached | 45.86% | 45.86% | ||||
| Position of previous notification (if applicable) | ||||||
| 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 (DTR5.1) | Indirect (DTR5.2.1) | Direct (DTR5.1) | Indirect (DTR5.2.1) | ||||||
| Ordinary shares: GB00BGCZ2V99 | 8,480,586 | 45.86% | |||||||
| SUBTOTAL 8. A | |||||||||
| B 1: Financial Instruments according to DTR5.3.1R (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 | |||||
| SUBTOTAL 8. B 1 | |||||||||
| B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b) | |||||||||
| Type of financial instrument | Expiration datex | Exercise/ Conversion Periodxi | 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) issuer xiii | ||||
| 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 (please add additional rows as necessary) xiv | 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 | |
| Castlefield Sustainable Portfolio Growth Fund | 5.62% | |||
| Castlefield Sustainable Portfolio Income Fund | 1.32% | |||
| Castlefield Investment Partners LLP1 | 38.92% | |||
| Combined: | 45.86% | |||
| 1. CIP does not exercise direct ownership of these shares. This amount is reflective of the aggregated position of CIP's clients, whose assets are managed by CIP on a discretionary basis, none of whom individually own over 3% of the company's voting rights. | ||||
| 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 | ||||
| A retroactive update to previous notifications, to reflect the aggregated holdings under Castlefield Investment Partners LLP's control. | ||||
| Place of completion | Manchester, United Kingdom |
| Date of completion | 06/01/2023 |
**ENDS**
For further information, please visit www.capitalforcolleagues.com or contact:
CAPITAL FOR COLLEAGUES PLC Richard Bailey, Chairman Alistair Currie, Chief Executive John Lewis, Finance Director | 01985 201 980 |
| PETERHOUSE CAPITAL LIMITED Mark Anwyl | 020 7469 0930 |
Capital for Colleagues plc
Capital for Colleagues is an investment company focused on the UK EOB sector. The Company has a proven management team, with a wide network of contacts and affiliates, as well as established access to investment opportunities, enabling the Company to execute its strategy and capitalise on EOB-focused investment opportunities. In addition, the Company educates and assists companies that are looking to launch employee ownership schemes, advising them, amongst other things, on how to secure investment and achieve their objectives.
Market Abuse Regulation (MAR) Disclosure
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation EU 596/2014 as it forms part of retained EU law (as defined in the European Union (Withdrawal) Act 2018).
