RNS Number : 6287X
Dar Global PLC
24 July 2024
 

TR-1: Standard form for notification of major holdings

1. Issuer Details

ISIN

GB00BQXNJY41

Issuer Name

DAR GLOBAL PLC

UK or Non-UK Issuer

UK

2. Reason for Notification

Other

Comments

Pledging of shares over the indirectly controlled ordinary shares held in the capital of the DAR GLOBAL PLC

3. Details of person subject to the notification obligation

Name

Dar Al Arkan Real Estate Development Company PJSC

City of registered office (if applicable)

Riyadh

Country of registered office (if applicable)

Kingdom of Saudi Arabia

4. Details of the shareholder

Full name of shareholder(s) if different from the person(s) subject to the notification obligation, above

 

City of registered office (if applicable)

 

Country of registered office (if applicable)

 

5. Date on which the threshold was crossed or reached

 

6. Date on which Issuer notified

24-Jul-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 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

87.990000

0.000000

87.990000

158400000

Position of previous notification (if applicable)

87.990000

0.000000

87.990000


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)

GB00BQXNJY41

158400000

0

87.990000

0.000000

Sub Total 8.A

158400000

87.990000%

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

Dar Alarkan Real Estate Development Company PSJC

Dar Alarkan Global Investment LLC

87.990000

0.000000

87.990000%

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

Dar Al Arkan Global Investment LLC (formerly Dar Al Arkan Global Real Estate Development LLC) is the direct beneficial holder of the specified shares and voting rights in Dar Global Plc. Dar Al Arkan Global Investment LLC is wholly-owned by Dar Al Arkan Real Estate Development Company PJSC. Dar Al Arkan Real Estate Development Company PJSC makes this notification on behalf of itself and Dar Al Arkan Global Investment LLC.

12. Date of Completion

24-Jul-2024

13. Place Of Completion

Riyadh

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