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LEI Number: 213800VFRMBRTSZ3SJ06
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19th December 2022
CHESNARA plc (CSN.L)
("Chesnara" or "the Company")
NOTIFICATION OF MAJOR HOLDINGS
1. Issuer Details
ISIN
GB00B00FPT80
Issuer Name
CHESNARA PLC
UK or Non-UK Issuer
UK
2. Reason for Notification
An acquisition or disposal of voting rights
3. Details of person subject to the notification obligation
Name
Ameriprise Financial, Inc.
City of registered office (if applicable)
Minneapolis
Country of registered office (if applicable)
United States
4. Details of the shareholder
| Name | City of registered office | Country of registered office |
| Vidacos Nominees Ltd | | |
5. Date on which the threshold was crossed or reached
13-Dec-2022
6. Date on which Issuer notified
15-Dec-2022
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 | |
| Resulting situation on the date on which threshold was crossed or reached | 11.980000 | 0.000000 | 11.980000 | 18012341 |
| Position of previous notification (if applicable) | 12.651% | 0.000% | 12.651% | |
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 ISIN code(if possible) | Number of direct voting rights (DTR5.1) | Number of indirect voting rights (DTR5.2.1) | % of direct voting rights (DTR5.1) | % of indirect voting rights (DTR5.2.1) |
| GB00B00FPT80 | 0 | 18012341 | 0.000000 | 11.980000 |
| Sub Total 8.A | 18012341 | 11.980000% | ||
8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))
| Type of financial instrument | Expiration date | Exercise/conversion period | Number of voting rights that may be acquired if the instrument is exercised/converted | % of voting rights |
|
| | | | |
| Sub Total 8.B1 | | | | |
8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))
| Type of financial instrument | Expiration date | Exercise/conversion period | Physical or cash settlement | Number of voting rights | % of voting 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 person | Name of controlled undertaking | % 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 |
| Ameriprise Financial, Inc. (Chain 1) | | 0.000000 | 0.000000 | 0.000000% |
| Ameriprise Financial, Inc. | Columbia Threadneedle Investments UK International Limited | 0.000000 | 0.000000 | 0.000000% |
| Ameriprise Financial, Inc. | Columbia Threadneedle (Europe) Limited | 0.000000 | 0.000000 | 0.000000% |
| Ameriprise Financial, Inc. | Columbia Threadneedle AM (Holdings) Plc | 0.000000 | 0.000000 | 0.000000% |
| Ameriprise Financial, Inc. | Columbia Threadneedle Group (Holdings) Limited | 0.000000 | 0.000000 | 0.000000% |
| Ameriprise Financial, Inc. | Columbia Threadneedle Group (Management) Limited | 0.000000 | 0.000000 | 0.000000% |
| Ameriprise Financial, Inc. | Columbia Threadneedle Holdings Limited | 0.000000 | 0.000000 | 0.000000% |
| Ameriprise Financial, Inc. | Columbia Threadneedle Management Limited | 0.000000 | 0.000000 | 0.000000% |
| Ameriprise Financial, Inc. (Chain 2) | | | | |
| Ameriprise Financial, Inc. | TAM UK International Holdings Limited | 0.000000 | 0.000000 | 0.000000% |
| Ameriprise Financial, Inc. | Threadneedle Holdings Limited | 0.000000 | 0.000000 | 0.000000% |
| Ameriprise Financial, Inc. | TAM UK Holdings Limited | 0.000000 | 0.000000 | 0.000000% |
| Ameriprise Financial, Inc. | Threadneedle Asset Management Holdings Limited | 0.000000 | 0.000000 | 0.000000% |
| Ameriprise Financial, Inc. | TC Financing Limited | 0.000000 | 0.000000 | 0.000000% |
| Ameriprise Financial, Inc. | Threadneedle Asset Management Limited | 11.965000 | 0.000000 | 11.965000% |
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
Threadneedle Asset Management Limited is wholly owned by TC Financing Limited, which is itself wholly owned by Threadneedle Asset Management Holdings Limited, which is itself wholly owned by TAM UK Holdings Limited, which is itself wholly owned by Threadneedle Holdings Limited, which is itself wholly owned by TAM UK International Holdings Limited, which is itself wholly owned by Ameriprise Financial, Inc.
Columbia Threadneedle Management Limited is wholly owned by Columbia Threadneedle Holdings Limited, which is wholly owned by Columbia Threadneedle Group (Management) Limited, which is wholly owned by Columbia Threadneedle Group (Holdings) Limited, which is wholly owned by Columbia Threadneedle AM (Holdings) Plc, which is wholly owned by Columbia Threadneedle (Europe) Limited, which is wholly owned by Columbia Threadneedle Investments UK International Limited, which is wholly owned by Ameriprise Financial, Inc.
12. Date of Completion
15-Dec-2022
13. Place Of Completion
Swindon, UK
The above notification is made in accordance with the requirements of the EU Market Abuse Regulation and FCA's Disclosure and Transparency Rules sourcebook.
For further information, please contact:
Investor Enquiries
Sam Perowne
Head of Strategic Development & Investor Relations
Chesnara plc
E - sam.perowne@chesnara.co.uk
Media Enquiries
Roddy Watt
Director, Capital Markets
FWD
T - 020 7280 0651 / 07714 770 493
E - roddy.watt@fwdconsulting.co.uk
Notes to Editors
Chesnara (CSN.L) is a European life and pensions consolidator listed on the London Stock Exchange. It administers approximately one million policies and operates as Countrywide Assured and CASLP in the UK, as The Waard Group, Robein Leven N.V. and Scildon in the Netherlands, and as Movestic in Sweden.
Following a three pillar strategy, Chesnara's primary responsibility is the efficient administration of its customers' life and savings policies, ensuring good customer outcomes and providing a secure and compliant environment to protect policyholder interests. It also adds value by writing profitable new business in Sweden and the Netherlands and by undertaking value-adding acquisitions of either companies or portfolios.
Consistent delivery of the Company strategy has enabled Chesnara to increase its dividend for 18 years in succession. Further details are available on the Company's website (www.chesnara.co.uk).
Further details are available on the Company's website (www.chesnara.co.uk).
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