⌘K
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Polar Capital LLP notified Helios Underwriting Plc on July 22, 2025, of a change in its major holding, following a new issuance of shares by the issuer. As of July 21, 2025, Polar Capital LLP holds 14.97% of Helios Underwriting Plc's total voting rights, representing 10,875,000 shares, a decrease from its previously reported 15.01% holding. The total number of voting rights for Helios Underwriting Plc is 72,637,931.
| Date | 31 Jul 2025 |
| Time | 12:12:50 |
| Category | Holding(s) in company |
| ID | 4341T |
TR-1: Standard form for notification of major holdings
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NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i |
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1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii: |
HELIOS UNDERWRITING PLC |
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1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate) |
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Non-UK issuer |
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2. Reason for the notification (please mark the appropriate box or boxes with an "X") |
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An acquisition or disposal of voting rights |
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An acquisition or disposal of financial instruments |
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An event changing the breakdown of voting rights |
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Other (please specify)iii: new issuance of shares |
x |
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3. Details of person subject to the notification obligationiv |
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Name |
Polar Capital LLP |
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City and country of registered office (if applicable) |
London, UK |
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4. Full name of shareholder(s) (if different from 3.)v |
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Name |
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City and country of registered office (if applicable) |
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5. Date on which the threshold was crossed or reachedvi: |
21/07/2025 |
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6. Date on which issuer notified (DD/MM/YYYY): |
22/07/2025 |
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7. Total positions of person(s) subject to the notification obligation |
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% of voting rights attached to shares (total of 8. A) |
% of voting rights through financial instruments |
Total of both in % (8.A + 8.B) |
Total number of voting rights of issuervii |
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Resulting situation on the date on which threshold was crossed or reached |
14.97% |
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14.97% |
72,637,931 |
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Position of previous notification (if applicable) |
15.01% |
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15.01% |
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8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii |
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A: Voting rights attached to shares |
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Class/type of ISIN code (if possible) |
Number of voting rightsix |
% of voting rights |
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Direct (Art 9 of Directive 2004/109/EC) (DTR5.1) |
Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1) |
Direct (Art 9 of Directive 2004/109/EC) (DTR5.1) |
Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1) |
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GB00B23XLS45 |
10,875,000 |
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14.97% |
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SUBTOTAL 8. A |
10,875,000 |
14.97% |
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B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a)) |
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Type of financial instrument |
Expiration |
Exercise/ |
Number of voting rights that may be acquired if the instrument is exercised/converted. |
% of voting rights |
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SUBTOTAL 8. B 1 |
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B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) |
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Type of financial instrument |
Expiration |
Exercise/ |
Physical or cash settlementxii |
Number of voting rights |
% of voting rights |
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SUBTOTAL 8.B.2 |
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9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X") |
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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) issuerxiii |
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Full chain of controlled undertakings through which the voting rights and/or the |
X |
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Namexv |
% 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 |
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Polar Capital Holdings PLC |
% |
% |
% |
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Polar Partners Limited |
% |
% |
% |
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Polar Capital US Holdings Limited |
% |
% |
% |
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Polar Capital (America) Corporation |
% |
% |
% |
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Polar Capital Holdings LLC |
% |
% |
% |
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Phaeacian Partners Holdings LP |
% |
% |
% |
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Polar Capital LLP |
14.97% |
% |
14.97% |
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Phaeacian Partners LLC |
% |
% |
% |
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10. In case of proxy voting, please identify: |
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Name of the proxy holder |
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The number and % of voting rights held |
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The date until which the voting rights will be held |
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11. Additional informationxvi |
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Place of completion |
London, UK |
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Date of completion |
22/07/2025 |