Capital for Colleagues plc - Shareholding in the Company PR Newswire

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 attached ii: 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 obligation iv
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 reached vi: 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 reached viii
A: Voting rights attached to shares
Class/type of
shares

ISIN code (if possible)
Number of voting rights ix % 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
date
x
Exercise/
Conversion Period
xi
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
date
x
Exercise/
Conversion Period
xi
Physical or cash
Settlement xii
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
Name xv % 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 information xvi
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).