TR-1: Standard form for notification of major holdings
1. Issuer Details
ISIN
VGG0093S1092
Issuer Name
Admiral Acquisition Limited
UK or Non-UK Issuer
Non-UK
2. Reason for Notification
An acquisition or disposal of voting rights
3. Details of person subject to the notification obligation
Name
Viking Global Investors LP
City of registered office (if applicable)
Country of registered office (if applicable)
US
| Name | City of registered office | Country of registered office |
| Viking Global Opportunities Drawdown (Aggregator) LP | George Town | Cayman Islands |
| Viking Global Opportunities Illiquid Investments Sub-Master LP | George Town | Cayman Islands |
4. Details of the shareholder
| Name | City of registered office | Country of registered office |
| Viking Global Opportunities Drawdown (Aggregator) LP | George Town | Cayman Islands |
| Viking Global Opportunities Illiquid Investments Sub-Master LP | George Town | Cayman Islands |
5. Date on which the threshold was crossed or reached
17-May-2023
6. Date on which Issuer notified
23-May-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 | 18.527096 | 0.000000 | 18.527096 | 10000000 |
| 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) |
| VGG0093S1092 | 10000000 | 0 | 18.527096 | 0.000000 |
| Sub Total 8.A | 10000000 | 18.527096% | ||
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 |
|
| | | | |
| 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 |
|
| | | | | |
| Sub Total 8.B2 | | | | ||
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 |
| Viking Global Investors LP (management entity) | Viking Global Opportunities Illiquid Investments Sub-Master LP "VGOP" (shareholder) | 12.413154 | 0.000000 | 12.413154% |
| Viking Global Investors LP (management entity) | Viking Global Opportunities Drawdown (Aggregator) LP "VGODA" (shareholder) | 6.113942 | 0.000000 | 6.113942% |
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
With respect to the chain of controlled undertakings in item 9 above:
1.
(a) VGODA: Viking Global Opportunities Drawdown Portfolio GP LLC "VGODP GP" is the general partner of VGODA (holding 6.113942% of voting rights indirectly); Viking Global Opportunities Drawdown GP LLC "VGOD GP" is the sole shareholder of VGODP GP (holding 6.113942% of voting rights indirectly);
(b) VGOP: Viking Global Opportunities Portfolio GP LLC "VGOP GP" is the general partner of VGOP (holding 12.413154% of voting rights indirectly); Viking Global Opportunities GP LLC "VGO GP" is the sole shareholder of VGOP GP (holding 12.413154% of voting rights indirectly);
(c) Viking Global Partners LLC is the general partner of the management entity (holding 18.527096% of voting rights indirectly). Viking Global Opportunities Parent GP LLC is the sole shareholder of each of VGO GP and VGOD GP (holding 18.527096% of voting rights indirectly).
2. Viking Global Partners LLC and Viking Global Opportunities Parent GP LLC are controlled by an executive committee, the members of which are O. Andreas Halvorsen, David Ott and Rose Shabet.
3. The table indicates that the voting rights over the shares held directly by each shareholder are exercisable indirectly by each of the undertakings in the chain of control above each shareholder.
12. Date of Completion
23-May-2023
13. Place Of Completion
Greenwich, Connecticut, US
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