REG - ADVFN PLC - Holding(s) in Company

ADVFNAnnouncement

24/04/2025 12:00

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RNS Number : 0730G  ADVFN PLC  24 April 2025

For immediate release

24 April 2025

ADVFN PLC

("ADVFN" or the "Company")

Holding(s) in Company

 

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)

                      1a. Identity of the issuer or the underlying issuer of existing shares to                                                                                         ADVFN PLC  -  ISIN (GB00BPT24C10)
                      which voting rights are attached (ii):

                      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 obligation (iv)
                      Name                                                                                                                                                         Somers 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 reached (vi):                                                                                                  17 April 2025
                      6. Date on which issuer notified (DD/MM/YYYY):                                                                                                               23 April 2025
                      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)

(total of 8.B 1 + 8.B 2)
                      Resulting situation on the date on which threshold was crossed or reached  5.660000                                               0.000000                                              5.660000                        2,618,571
 Position of previous notification (if                                                           N/A                                                    N/A                                                   N/A

 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                                  Number of voting rights (ix)                                              % of voting rights

shares

 ISIN code (if possible)
                                                Direct                    Indirect                                        Direct                                           Indirect

                                                (DTR5.1)                   (DTR5.2.1)                                     (DTR5.1)                                         (DTR5.2.1)
 GB00BPT24C10                                   2,618,571                 0.000000                                        5.660000                                         0.000000

 SUBTOTAL 8. A                                  2,618,571                                                                 5.660000

 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        % of voting rights

date (x)
Conversion Period (xi)

                                                                                                  exercised/converted.

                                                            SUBTOTAL 8. B 1                       N/A                                                                      N/A

 B 2: Financial Instruments with similar economic effect according to DTR5.3.1R
 (1) (b)
 Type of financial instrument  Expiration                   Exercise/                   Physical or cash                                          Number of voting rights  % of voting rights

date (x)
Conversion Period (xi)

                                                                                        Settlement (xii)

                                                                                        SUBTOTAL 8.B.2                                            N/A                      N/A

 

 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                                                                                                                                                                                                 X
 the

financial instruments are effectively held starting with the ultimate
 controlling natural person or legal entity (please add additional rows as
 necessary) (xiv)
 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  Total of both if it equals or is higher than the notifiable threshold
                                                                                                                                                             than the notifiable threshold
 Somers Isles Private Trust Company Limited; Trustee of HH Stephens No 1 Trust,
 holding 100% of General Provincial Life Pension Fund Limited, who hold 78.28%
 of UIL Limited and 59.38% of Somers Limited. UIL  Limited who own 40.62% of
 Somers Limited
 Somers Limited                                                                  5.660000                                                                    0.000000                                                                    5.660000

 10. In case of proxy voting, please identify:
 Name of the proxy holder                                                                                                                                    N/A
 The number and % of voting rights held                                                                                                                      N/A
 The date until which the voting rights will be held                                                                                                         N/A

 11. Additional information (xvi)

 

 Place of completion  Bermuda
 Date of completion   23 April 2025

 

 

 

 

 

 

 

A copy of this announcement is available on the Company's website, at
www.advfn.com (http://www.advfn.com)

For further information please
contact:

 ADVFN plc                                        +44 (0) 203 8794 460

 Amit Tauman (CEO)

 Beaumont Cornish Limited (Nominated Adviser)     +44 (0) 207 628 3396

 Michael Cornish / Roland Cornish

 Peterhouse Capital Limited (Broker)              +44 (0) 207 469 0930

 Eran Zucker / Lucy Williams / Rose Greensmith

 

 

Beaumont Cornish Limited, which is authorised and regulated in the United
Kingdom by the Financial Conduct Authority, is acting as nominated adviser to
the Company in relation to the matters referred herein. Beaumont Cornish
Limited is acting exclusively for the Company and for no one else in relation
to the matters described in this announcement and is not advising any other
person and accordingly will not be responsible to anyone other than the
Company for providing the protections afforded to clients of Beaumont Cornish
Limited, or for providing advice in relation to the contents of this
announcement or any matter referred to in it.

 

 

ENDS

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