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UBS Group AG and its controlled undertaking UBS AG notified Virgin Money UK PLC on September 25, 2024, that they had crossed a major shareholding threshold. This event occurred on September 23, 2024, resulting in their total voting rights in Virgin Money UK PLC reaching 5.595430%, representing 72,543,210 voting rights, with no previous major holdings disclosure.
| Date | 25 Sept 2024 |
| Time | 15:30:23 |
| Category | Holding(s) in company |
| ID | 6726F |
TR-1: Standard form for notification of major holdings
1. Issuer Details
ISIN
GB00BD6GN030
Issuer Name
VIRGIN MONEY UK 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
UBS Group AG - Investment Bank & Global Wealth Management
City of registered office (if applicable)
London
Country of registered office (if applicable)
United Kingdom
4. Details of the shareholder
|
Name |
City of registered office |
Country of registered office |
|
UBS AG |
London |
United Kingdom |
5. Date on which the threshold was crossed or reached
23-Sep-2024
6. Date on which Issuer notified
25-Sep-2024
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 |
5.547851 |
0.047579 |
5.595430 |
72543210 |
|
Position of previous notification (if applicable) |
No Previous Disclosure |
No Previous Disclosure |
No Previous Disclosure |
|
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) |
|
GB00BD6GN030 |
0 |
71926369 |
0.000000 |
5.547851 |
|
Sub Total 8.A |
71926369 |
5.547851% |
||
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 |
|
Depository Receipts (AU0000064966) |
|
At any time |
542948 |
0.041879 |
|
Right to Recall of Depository Receipts (AU0000064966) |
|
At any time |
72532 |
0.005595 |
|
Sub Total 8.B1 |
|
615480 |
0.047474% |
|
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 |
|
Equity Swaps |
18/02/2028 |
|
Cash |
1361 |
0.000105 |
|
Sub Total 8.B2 |
|
1361 |
0.000105% |
||
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 |
|
UBS Group AG (Chain 1) |
|
|
|
|
|
UBS Group AG (Chain 1) |
UBS AG |
5.547851 |
|
5.553550% |
|
UBS Group AG (Chain 2) |
|
|
|
|
|
UBS Group AG (Chain 2) |
UBS AG |
5.547851 |
|
5.553550% |
|
UBS Group AG (Chain 2) |
UBS Holdings Pty Ltd |
|
|
|
|
UBS Group AG (Chain 2) |
UBS Securities Australia Ltd |
|
|
|
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
12. Date of Completion
25-Sep-2024
13. Place Of Completion
Zurich, Switzerland