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 | | |||||
| An acquisition or disposal of financial instruments | X | |||||
| An event changing the breakdown of voting rights | | |||||
| Other (please specify)iii: | | |||||
| 3. Details of person subject to the notification obligationiv | ||||||
| Name | FIL Limited | |||||
| City and country of registered office (if applicable) | Hamilton, Bermuda | |||||
| 4. Full name of shareholder(s) (if different from 3.)v | ||||||
| Name | | |||||
| City and country of registered office (if applicable) | | |||||
| 5. Date on which the threshold was crossed or reachedvi: | 09/01/2024 | |||||
| 6. Date on which issuer notified (DD/MM/YYYY): | 10/01/2024 | |||||
| 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 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 | 10.000000% | 0.710000% | 10.710000% | 62,053,352 | ||
| Position of previous notification (if applicable) | 5.110000% | 0.000000% | 5.110000% | | ||
| 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 | 0 | 57,942,526 | 0.000000% | 10.000000% | ||||
| SUBTOTAL 8. A | 57,942,526 | 10.000000% | ||||||
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| 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 | | | ||||
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| 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 | |||
| CFD | | | Cash | 4,110,826 | 0.710000% | |||
| | |
| SUBTOTAL 8.B.2 | 4,110,826 | 0.710000% | |||
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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) issuerxiii | | |||||
| Full chain of controlled undertakings through which the voting rights and/or the | X | |||||
| 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 | ||
| FIL Limited | FIL Limited | 10.000000% | 0.710000% | 10.710000% | ||
| FIL Limited | FIL Financial Services Holdings Limited | 10.000000% | 0.710000% | 10.710000% | ||
| FIL Limited | FIL Holdings (UK) Limited | 10.000000% | 0.710000% | 10.710000% | ||
| FIL Limited | FIL Investments International | 10.000000% | 0.710000% | 10.710000% | ||
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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 informationxvi | ||||||
| | ||||||
| Place of completion | Dublin, Ireland |
| Date of completion | 10/01/2024 |
ENQUIRIES
| Institutional investors and analysts: | |
| Ben Waldron, Chief Financial Officer
| |
| 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: bakkavor@mhpgroup.com | |
| Katie Hunt, MHP | +44 (0) 20 3128 8100
|
| Rachel Farrington, MHP | +44 (0) 7801 894577 |
| Oliver Hughes, MHP | +44 (0) 7885 224532 |
About Bakkavor
We are the leading provider of fresh prepared food ("FPF") 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. Over 18,500 colleagues operate from 44 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.
LEI number: 213800COL7AD54YU9949
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