TR-1: Standard form for notification of major holdings
1. Issuer Details
ISIN
GB00B2QPKJ12
Issuer Name
FRESNILLO PLC
UK or Non-UK Issuer
Non-UK
2. Reason for Notification
Other
Comments
Change of ultimate beneficial shareholder
3. Details of person subject to the notification obligation
Name
Industrias Peñoles S.A.B. de C.V.
City of registered office (if applicable)
Mexico City
Country of registered office (if applicable)
Mexico
| Name | City of registered office | Country of registered office |
| BBVA México, S.A. Institución de Banca Múltiple, Grupo Financiero BBVA México ('BBVA') as fiduciary of the Trust F/32982-2 (the 'Baillères Family Trust') | Mexico | Mexico |
4. Details of the shareholder
Full name of shareholder(s) if different from the person(s) subject to the notification obligation, above
City of registered office (if applicable)
Country of registered office (if applicable)
5. Date on which the threshold was crossed or reached
15-Mar-2022
6. Date on which Issuer notified
13-Apr-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 | 74.990000 | 0.000000 | 74.990000 | 552595191 |
| Position of previous notification (if applicable) | | | | |
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) |
| GB00B2QPKJ12 | 552595191 | 0 | 74.990000 | 0.000000 |
| Sub Total 8.A | 552595191 | 74.990000% | ||
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 |
| BBVA as fiduciary of the Baillères Family Trust, being Mr Alejandro Baillères the major beneficiary | Industrias Peñoles, S.A.B. de C.V. | 74.990000 | 0.000000 | 74.990000% |
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
BBVA as fiduciary of the Baillères Family Trust (the 'Trust') holds the majority interest in the issued share capital (and voting rights) in Industrias Peñoles S.A.B. de C.V., which holds 552,595,191 ordinary shares (74.99%) of the issued share capital of Fresnillo plc. Mr Alejandro Baillères, Non-Executive Chairman of Fresnillo plc, is the major beneficiary of the Trust.
The transaction described above was as a result of the probate arrangements in respect of Mr Alberto Baillères, which resulted in his entire shareholding in Industrias Peñoles S.A.B. de C.V. being transferred to the Trust. The interest of Industrias Peñoles S.A.B. de C.V., in Fresnillo plc remains unchanged.
12. Date of Completion
13-Apr-2022
13. Place Of Completion
Mexico
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