| 19th July 2022 |
System1 Group PLC (AIM: SYS1)
("System1", or "the Company", or "the Group")
TR1: Notification of major holdings
On 19th July 2022, the Company received the TR1 Standard form for notification of major holdings as disclosed below:
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 | ||||||
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1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii: | System1 Group 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 | 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 obligationiv | ||||||
Name | Ruffer LLP | |||||
City and country of registered office (if applicable) | London, United Kingdom | |||||
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 crossed or reachedvi: | 15 July 2022
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6. Date on which issuer notified (DD/MM/YYYY): | 19 July 2022
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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 both in % (8.A + 8.B) | Total number of voting rights of issuervii | ||
Resulting situation on the date on which threshold was crossed or reached | 4.476022% | 0% | 4.476022% | 12,734,522 | ||
Position of previous notification (if applicable) | 5% | 0% | 5% | | ||
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 ISIN code (if possible) | Number of voting rightsix | % of voting rights | |||||||
Direct (Art 9 of Directive 2004/109/EC) (DTR5.1) | Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1) | Direct (Art 9 of Directive 2004/109/EC) (DTR5.1) | Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1) | ||||||
GB00B1GVQH21 | 570,000 | 0 | 4.476022% | 0% | |||||
SUBTOTAL 8. A | 570,000 | 4.476022% | |||||||
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B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a)) | |||||||||
Type of financial instrument | Expiration | Exercise/ | Number of voting rights that may be acquired if the instrument is exercised/converted. | % of voting rights | |||||
N/A | N/A | N/A | N/A | N/A | |||||
| | SUBTOTAL 8. B 1 | N/A | N/A | |||||
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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 financial instrument | Expiration | Exercise/ | Physical or cash settlementxii | Number of voting rights | % of voting rights | ||||
N/A | N/A | N/A | N/A | N/A | N/A | ||||
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| SUBTOTAL 8.B.2 | N/A | N/A | ||||
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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) issuerxiii | X | |||
Full chain of controlled undertakings through which the voting rights and/or the | | |||
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 | |
N/A | N/A | N/A | N/A | |
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10. In case of proxy voting, please identify: | ||||
Name of the proxy holder | N/A | |||
The number and % of voting rights held | N/A | |||
The date until which the voting rights will be held | N/A | |||
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11. Additional informationxvi | ||||
Ruffer LLP now controls the voting rights over 570,000 shares (4.476022% of the voting rights) of System1 Group plc, which are held by the discretionary clients of Ruffer LLP and its subsidiaries (the voting of which is all controlled by Ruffer LLP). This change from 5% to 4.476022 is due to the sale of 80,000 shares by Ruffer LLP on 15 July 2022. | ||||
Place of completion | Ruffer LLP |
Date of completion | 19/07/2022 |
The Company can be found at www.system1group.com.
This announcement contains inside information for the purposes of article 7 of the Market Abuse Regulation (EU) 596/2014 as amended by regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310. With the publication of this announcement, this information is now considered to be in the public domain.
For further information, please contact:
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