20 June 2023
Peel Hunt Limited
Purchase of Shares by Employee Benefit Trust
Peel Hunt Limited announces that JTC Employer Solutions Trustee Limited as trustee for the Peel Hunt Employee Benefit Trust, has acquired further shares in the Company in line with the intention stated in the 2022 annual report and accounts and now holds 4,929,685 Peel Hunt ordinary shares of no par value, representing 4.01 per cent. of the Company's voting rights. Further information is set out in the TR1 forms below.
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: | Peel Hunt Limited | |||||
| 1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate) | ||||||
| Non-UK issuer | | |||||
| 2. Reason for the notification (please mark the appropriate box or boxes with an "X") | ||||||
| An acquisition or disposal of voting rights | X | |||||
| An acquisition or disposal of financial instruments | N/A | |||||
| An event changing the breakdown of voting rights | N/A | |||||
| Other (please specify) iii: | N/A | |||||
| 3. Details of person subject to the notification obligation iv | ||||||
| Name | JTC plc | |||||
| City and country of registered office (if applicable) | | |||||
| 4. Full name of shareholder(s) (if different from 3.) v | ||||||
| Name | JTC Employer Solutions Trustee Limited | |||||
| City and country of registered office (if applicable) | Jersey | |||||
| 5. Date on which the threshold was crossed or reached vi: | 24.01.2023 | |||||
| 6. Date on which issuer notified (DD/MM/YYYY): | 24.01.2023 | |||||
| 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 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 | 4.014% | | | 4,929,685 | ||
| Position of previous notification (if applicable) | | | | | ||
| 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) | ||||||
| GG00BLGZJW08 | 4,929,685 | | 4.014% | | |||||
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| | | | | | |||||
| SUBTOTAL 8. A | 4,929,685 | 4.014% | |||||||
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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 | |||||
| | | | | | |||||
| | | | | | |||||
| | | | | | |||||
| | | 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 | | |||
| 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 | |
| JTC Employer Solutions Trustee Limited | 4.014% | | 4.014% | |
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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 | ||||
| The Issued Share Capital Position was 122,807,085 shares as at 24.01.2023 | ||||
| Place of completion | Jersey, Channel Islands |
| Date of completion | 16.06.2023 |
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 | ||||||
| | ||||||
| 1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached ii: | Peel Hunt Limited | |||||
| 1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate) | ||||||
| Non-UK issuer | | |||||
| 2. Reason for the notification (please mark the appropriate box or boxes with an "X") | ||||||
| An acquisition or disposal of voting rights | X | |||||
| An acquisition or disposal of financial instruments | N/A | |||||
| An event changing the breakdown of voting rights | N/A | |||||
| Other (please specify) iii: | N/A | |||||
| 3. Details of person subject to the notification obligation iv | ||||||
| Name | JTC plc | |||||
| City and country of registered office (if applicable) | | |||||
| 4. Full name of shareholder(s) (if different from 3.) v | ||||||
| Name | JTC Employer Solutions Trustee Limited | |||||
| City and country of registered office (if applicable) | Jersey | |||||
| 5. Date on which the threshold was crossed or reached vi: | 29.09.2022 | |||||
| 6. Date on which issuer notified (DD/MM/YYYY): | 29.09.2022 | |||||
| 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 | 3.014% | | | 3,701,617 | ||
| Position of previous notification (if applicable) | | | | | ||
| 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) | ||||||
| GG00BLGZJW08 | 3,701,617 | | 3.014% | | |||||
| | | | | | |||||
| | | | | | |||||
| SUBTOTAL 8. A | 3,701,617 | 3.014% | |||||||
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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 | |||||
| | | | | | |||||
| | | | | | |||||
| | | | | | |||||
| | | SUBTOTAL 8. B 1 | | | |||||
|
| |||||||||
| 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 | ||||
| | | | | | | ||||
| | | | | | | ||||
| | | | | | | ||||
| | |
| 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 | | |||
| 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 | |
| JTC Employer Solutions Trustee Limited | 3.014% | | 3.014% | |
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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 | | |||
| | ||||
| 11. Additional information xvi | ||||
| The Issued Share Capital Position was 122,807,085 shares as at 29.09.2022 | ||||
| Place of completion | Jersey, Channel Islands |
| Date of completion | 16.06.2023 |
For further information, please contact:
| Peel Hunt via MHP
| |
| Steven Fine, CEO
Sunil Dhall, CFOO | |
| | |
| Engine MHP (Financial PR) +44 (0)20 3128 8540 |
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| Tim Rowntree
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|
Charlie Barker
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|
Robert Collett-Creedy
| |
|
peelhunt@mhpc.com
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| Grant Thornton UK LLP (Nominated Adviser) +44 (0)20 7728 2942
| |
| Colin Aaronson
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|
Sam Littler
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Notes to editors:
Peel Hunt is a leading specialist in UK investment banking. Our purpose is to guide and nurture people through the evolution of business. We achieve this through a proven, joined-up approach that consistently delivers value to UK corporates, global institutions and trading counterparties alike.
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