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 attachedii: | Bakkavor Group plc | |||||
| 1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate) | ||||||
| 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 | | |||||
| An event changing the breakdown of voting rights | | |||||
| Other (please specify)iii: | | |||||
| 3. Details of person subject to the notification obligationiv | ||||||
| Name | The Baupost Group, L.L.C. | |||||
| City and country of registered office (if applicable) | Boston, USA | |||||
| 4. Full name of shareholder(s) (if different from 3.)v | ||||||
| Name | BP-PE5, L.L.C. | |||||
| City and country of registered office (if applicable) | Wilmington, USA | |||||
| 5. Date on which the threshold was crossed or reachedvi: | 18/9/2023 | |||||
| 6. Date on which issuer notified (DD/MM/YYYY): | 20/9/2023 | |||||
| 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 | 20.9637% | 0.0% | 20.9637% | 121,468,928 | ||
| Position of previous notification (if applicable) | 22.3640% | 0.0% | 22.3640% | | ||
| 8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii | |||||||||
| A: Voting rights attached to shares | |||||||||
| Class/type of ISIN code (if possible) | Number of voting rightsix | % of voting rights | |||||||
| 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) | ||||||
| Ordinary shares GB00BF8J3Z99 | | 121,468,928 | | 20.9637% | |||||
| | | | | | |||||
| | | | | | |||||
| SUBTOTAL 8. A | 121,468,928 | 20.9637% | |||||||
|
| |||||||||
| B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (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 Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) | |||||||||
| Type of financial instrument | Expiration | Exercise/ | Physical or cash settlementxii | Number of voting rights | % of voting rights | ||||
| | | | | | | ||||
| | | | | | | ||||
| | | | | | | ||||
| | |
| SUBTOTAL 8.B.2 | | | ||||
|
| |||||||||
| 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) issuerxiii | | |||
| Full chain of controlled undertakings through which the voting rights and/or the | X | |||
| 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 | |
| Seth A. Klarman | 20.9637 | | 20.9637 | |
| Baupost Group GP, L.L.C. | 20.9637 | | 20.9637 | |
| The Baupost Group, L.L.C. | 20.9637 | | 20.9637 | |
| | | | | |
| | | | | |
|
| ||||
| 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 informationxvi | ||||
| | ||||
| Place of completion | Boston, USA |
| Date of completion | 20/9/2023 |
ENQUIRIES
| Institutional investors and analysts: | |
| Richard Wooldridge, Interim Head of Investor Relations | +44 (0) 20 7908 6114 |
| Annabel Tagoe-Bannerman, Group General Counsel & Company Secretary | +44 (0) 20 7908 6130 |
| Financial media: | |
| Katie Hunt, MHP | +44 (0) 20 3128 8794 |
| Rachel Farrington, MHP | +44 (0) 20 3128 8613 |
| Oliver Hughes, MHP | +44 (0) 20 3128 8622 |
About Bakkavor
We are the leading provider of fresh prepared food in the UK, and our presence in the US and China positions the Group well in these, high-growth markets. We leverage our consumer insight and scale to provide innovative food that offers quality, choice, convenience, and freshness. Around 18,500 colleagues operate from 45 sites across our three markets supplying a portfolio of over 2,900 products across meals, pizza & bread, salads and desserts to leading grocery retailers in the UK and US, and international food brands in China. Find out more at www.bakkavor.com.
LEI number: 213800COL7AD54YU9949
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.