20 April 2023
Fadel Partners, Inc.
('FADEL', the 'Company' or, together with its subsidiaries, the 'Group')
Change of Investment Manager/ Holdings in Company
Fadel Partners, Inc., a brand compliance, rights and royalty management software provider, announces that on 18 April 2023 the Company was notified that effective from 18 April 2023 the investment manager agreement ("Investment Manager") for the common shares held by Impact Fund by MEVP Holding SAL ("Impact Fund") has transferred to Capital PE Holding SAL ("Capital PE").
The Investment Manager's obligations under the relationship and lock in agreements, as documented in the Company's Admission Document dated 2 April 2023 will transfer to Capital PE.
For further information please contact:
| Tarek Fadel, Chief Executive Officer Vicary Gibbs, Chief Financial Officer | Via Alma PR |
| | |
| finnCap Limited (Nomad & Broker) | 020 7220 0500 |
| Jonny-Franklin Adams, Emily Watts, Abigail Kelly, Milesh Hindocha (Corporate Finance) | |
| Tim Redfern, Sunila De Silva (ECM) | |
| | |
| Alma PR | Tel: +44(0)20 3405 0205 |
| Josh Royston | fadel@almapr.co.uk |
| Andy Bryant | |
| Matthew Young | |
About FADEL Partners Inc.
FADEL is a developer of cloud based brand compliance and rights and royalty management software, working with some of the world's leading licensors and licensees across media, entertainment, publishing, consumer brands and hi-tech/gaming companies. The Group combines the power of rights management and content compliance with sophisticated content services, AI-powered visual search and image and video recognition.
FADEL has two solutions, being IPM Suite (rights and royalty management for publishers and licensing) and Brand Vision (an integrated platform for Brand Compliance & Monitoring that includes Content Services, Digital Rights Management, AI-Powered Content Tracking, a Brand Monitor, and 100 million Ready-to-License Images).
The Group's main country of operation is the United States, where it is headquartered in New York, with further operations in the UK, Lebanon, France, Canada and India. Founded in 2003 by Tarek Fadel (Chief Executive Officer), FADEL has since grown to a team of 116 full time employees, plus an additional pool of c.50-60 contractors.
For more information please visit the Group's website at: www.fadel.com.
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 | ||||||
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| 1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached ii: | Fadel Partners, Inc. | |||||
| 1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate) | ||||||
| Non-UK issuer | X | |||||
| 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: | X | |||||
| 3. Details of person subject to the notification obligation iv | ||||||
| Name | Capital PE Holding SAL | |||||
| City and country of registered office (if applicable) | Lebanon | |||||
| 4. Full name of shareholder(s) (if different from 3.) v | ||||||
| Name | Impact Fund by MEVP Holding SAL | |||||
| City and country of registered office (if applicable) | Lebanon | |||||
| 5. Date on which the threshold was crossed or reached vi: | 18/04/23 | |||||
| 6. Date on which issuer notified (DD/MM/YYYY): | 18/04/23 | |||||
| 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 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 | 29.0 | | 29.0 | 5,796,821 | ||
| Position of previous notification (if applicable) | 29.0 | | | | ||
| 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 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) | ||||||
| USU3033R1024 | | 5,796,821 | | 29.0 | |||||
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| SUBTOTAL 8. A | 5,796,821 | 29.0 | |||||||
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| B 1: Financial Instruments according to DTR5.3.1R (1) (a) | |||||||||
| 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 DTR5.3.1R (1) (b) | |||||||||
| Type of financial instrument | Expiration | Exercise/ | Physical or cash Settlement xii | 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") | ||||
| 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 | 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 | |
| Capital PE Holding SAL | 29.0 | | 29.0 | |
| MEVP Lebanon Holding SAL | 29.0 | | 29.0 | |
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| 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 | | |||
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| 11. Additional information xvi | ||||
| Change of investment manager | ||||
| Place of completion | Beirut, Lebanon |
| Date of completion | 18/04/23 |
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