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Dar Al Arkan Real Estate Development Company PJSC, on behalf of its wholly-owned subsidiary Dar Al Arkan Global Real Estate Development LLC, notified Dar Global PLC of a major holding. This notification, submitted on February 28, 2023, followed an event that changed the breakdown of voting rights. As a result, the notifying parties now hold 158,400,000 voting rights, equating to 87.99% of Dar Global PLC's total voting rights.
| Date | 28 Feb 2023 |
| Time | 17:24:39 |
| Category | Holding(s) in company |
| ID | 4007R |
TR-1: Standard form for notification of major holdings
1. Issuer Details
ISIN
GB00BQXNJY41
Issuer Name
DAR GLOBAL PLC
UK or Non-UK Issuer
UK
2. Reason for Notification
An event changing the breakdown of voting rights
3. Details of person subject to the notification obligation
Name
Dar Al Arkan Real Estate Development Company PJSC
City of registered office (if applicable)
Riyadh
Country of registered office (if applicable)
Kingdom of Saudi Arabia
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
28-Feb-2023
6. Date on which Issuer notified
28-Feb-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 |
|
|
Resulting situation on the date on which threshold was crossed or reached |
87.990000 |
0.000000 |
87.990000 |
158400000 |
|
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) |
|
GB00BQXNJY41 |
158400000 |
0 |
87.990000 |
0.000000 |
|
Sub Total 8.A |
158400000 |
87.990000% |
||
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 |
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|
|
|
|
|
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 |
|
|
|
|
|
|
|
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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)
|
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 |
|
Dar Al Arkan Real Estate Development Company PJSC |
Dar Al Arkan Global Real Estate Development LLC |
87.990000 |
0.000000 |
87.990000% |
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
Dar Al Arkan Global Real Estate Development LLC is the direct beneficial holder of the specified shares and voting rights in Dar Global Plc. Dar Al Arkan Global Real Estate Development LLC is wholly-owned by Dar Al Arkan Real Estate Development Company PJSC. Dar Al Arkan Real Estate Development Company PJSC makes this notification on behalf of itself and Dar Al Arkan Global Real Estate Development LLC.
12. Date of Completion
28-Feb-2023
13. Place Of Completion
Riyadh, Saudi Arabia