TR-1: Standard form for notification of major holdings
1. Issuer Details
ISIN
GB00BKP36R26
Issuer Name
HYVE GROUP 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
Strategic Value Partners, LLC
City of registered office (if applicable)
Country of registered office (if applicable)
US
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| Name | City of registered office | Country of registered office |
| Strategic Value Partners, LLC | Wilmington, Delaware |
United States |
4. Details of the shareholder
| Name | City of registered office | Country of registered office |
| Strategic Value Special Situations Master Fund V, L.P. | Cayman Islands | Cayman Islands |
| Strategic Value Dislocation Master Fund, L.P. | Cayman Islands | Cayman Islands |
| Strategic Value Opportunities Fund, L.P. | Cayman Islands | Cayman Islands |
| Strategic Value Special Situations Master Fund IV, L.P. | Cayman Islands | Cayman Islands |
5. Date on which the threshold was crossed or reached
22-Nov-2021
6. Date on which Issuer notified
24-Nov-2021
7. Total positions of person(s) subject to the notification
|
| % 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 |
16.250000 |
0.000000 |
16.250000 |
47380421 |
| Position of previous notification (if applicable) |
13.050000 |
0.000000 |
13.050000 |
|
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) | |
| GB00BKP36R26 |
| 47380421 |
|
| 16.250000 |
|
Sub Total 8.A | 47380421 |
| 16.250000% | ||
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 |
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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 |
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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)
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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 |
|
Strategic Value Partners, LLC | Strategic Value Special Situations Master Fund V, L.P. |
9.020000 |
0.000000 |
9.020000% |
|
Strategic Value Partners, LLC | Strategic Value Special Situations Master Fund IV, L.P. |
|
|
0.000000% |
| Strategic Value Partners, LLC | Strategic Value Opportunities Fund, L.P. |
|
|
0.000000% |
|
Strategic Value Partners, LLC | Strategic Value Dislocation Master Fund, L.P. |
|
|
0.000000% |
| Strategic Value Partners, LLC |
|
16.250000 |
|
16.250000% |
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
Strategic Value Partners, LLC is (i) the managing member of SVP Special Situations IV LLC,
which is the investment manager of Strategic Value Special Situations Master Fund IV, L.P.;
(ii) the managing member of SVP Special Situations III-A LLC, which is the investment manager of Strategic Value Opportunities Fund, L.P., (iii) the
managing member of SVP Dislocation LLC, which is the investment manager of Strategic
Value Dislocation Master Fund, L.P., and (iv) the managing member of SVP Special Situations
IV LLC, which is the investment manager of Strategic Value Special Situations Master Fund V, L.P.
12. Date of Completion
24-Nov-2021
13. Place Of Completion
Greenwich, CT
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