RNS Number : 8791T
Hastings Group Holdings plc
18 October 2017
 

 

FOR IMMEDIATE RELEASE

Hastings Group Holdings plc (the "Company")

 

18 October 2017

 

Conversion of the Holdings of Hastings A, L.P. ("Hastings A") and Hastings B, L.P. ("Hastings B") into Direct Shareholdings

 

The Company announces that it has been notified by Hastings A and Hastings B, previously the holders of an aggregate of approximately 14% of the Company's issued ordinary share capital, that, in connection with the planned dissolution of those entities, the indirect interest in the Company's shares held by the limited partners of Hastings A and Hastings B have been converted into direct holdings in the Company.

 

The Hastings A and Hastings B holdings formed part of an aggregate holding controlled by The Goldman Sachs Group, Inc. and certain of its subsidiaries ("Goldman Sachs") representing approximately 15.38% of the Company's issued share capital.

 

As certain of the underlying interests in Hastings B are not controlled by Goldman Sachs, as a result of this transaction, the aggregate shareholding in the Company which will continue to be controlled by Goldman Sachs has been reduced to approximately 11.60%.

 

A separate announcement will be made to satisfy the notification obligations under section 5.1 of the Disclosure and Transparency Rules and section 793 of the Companies Act 2006.

 

For further information, please contact:

 

Tony Leppard

Group Company Secretary

T: +44 (0)1424 738220 cosec@hastingsplc.com

 

Louise Underwood

Director of Investor Relations

T: +44 (0)1424 738011 ir@hastingsplc.com

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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