TIDMIL0A

RNS Number : 8799F

Permanent TSB Group Holdings PLC

09 November 2022

Standard Form TR-1

S tandard form for notification of major holdings

 
 NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and 
  to the Central Bank of Ireland) (i) 
 
 1. Identity of the issuer or the underlying issuer of existing shares 
  to which voting rights are attached (ii) : Permanent TSB Group Holdings 
  p.l.c 
 2. Reason for the notification (please tick the appropriate box or boxes): 
  [ ] 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 obligation (iv) : 
 Name: The Minister for Finance                City and country of registered office (if 
  of Ireland                                    applicable): 
                                                Minister for Finance of Ireland, Government 
                                                Buildings, Upper Merrion Street, D02 R583 
                                              ------------------------------------------------------- 
 4. Full name of shareholder(s) (if different from 3.)(v) : N/A 
 5. Date on which the threshold was crossed or reached (vi) : 07 November 
  2022 
 6. Date on which issuer notified: 09 November 2022 
 7. Threshold(s) that is/are crossed or reached: The Minister's percentage 
  of voting rights has decreased from 74.92% to 62.44% following an allotment 
  by Permanent TSB Group Holdings plc of 90,893,627 shares to RBS AA Holdings 
  (UK) Limited. 
 8. Total positions of person(s) subject to the notification obligation: 
                           % of voting         % of voting rights   Total of both   Total number 
                            rights attached     through financial    in % (9.A +     of voting rights 
                            to shares (total    instruments          9.B)            of issuer(vii) 
                            of 9.A)             (total of 9.B.1 
                                                + 9.B.2) 
                          ------------------  -------------------  --------------  ------------------ 
 Resulting situation 
  on the date 
  on which threshold 
  was crossed 
  or reached               62.44%              Nil                  62.44%          545,589,119 
                          ------------------  -------------------  --------------  ------------------ 
 Position of 
  previous notification 
  (if applicable)          74.92%              Nil                  74.92% 
                          ------------------  -------------------  --------------  ------------------ 
 
 
 9. 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            Number of voting rights (ix)                      % of voting rights 
  of 
  shares 
  ISIN code (if 
  possible) 
 
                              Direct                  Indirect                     Direct                Indirect 
                                            -------------------------- 
 IE00BWB8X525          340,661,653           Nil                         62.44%                      Nil 
  ( ordinary 
   shares of EUR0.50 
   each) 
                      --------------------  --------------------------  --------------------------  ---------------- 
 
 
 SUBTOTAL A            340,661,653                                       62.44% 
                      --------------------  --------------------------  --------------------------  ---------------- 
 
 B 1: Financial Instruments according to Regulation 17(1)(a) of the Regulations 
 Type of financial         Expiration   Exercise/                        Number of voting            % of voting 
  instrument                date (x)     Conversion Period                rights that may             rights 
                                         (xi)                             be acquired if 
                                                                          the instrument 
                                                                          is exercised/converted. 
                          -----------  -------------------------------  --------------------------  ---------------- 
 
 
 
                                        SUBTOTAL B.1 
                                       -------------------------------  --------------------------  ---------------- 
 
 B 2: Financial Instruments with similar economic effect according to 
  Regulation 17(1)(b) of the Regulations 
 Type of financial     Expiration       Exercise/        Physical                    Number          % of voting 
  instrument            date (x)         Conversion       or cash settlement          of voting       rights 
                                         Period (xi)      (xii)                       rights 
                      ---------------  ---------------  --------------------------  -------------- 
 
 
 
                                                         SUBTOTAL 
                                                          B.2 
                                                        --------------------------  -------------- 
 
 
 
 10. Information in relation to the person subject to the notification 
  obligation (please tick the applicable box): 
 
  [ ] 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) 
 
  [ x ] 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 entity (xiv) : 
 Name (xv)               % of voting rights      % of voting rights     Total of both if 
                          if it equals or         through financial      it equals or is 
                          is higher than the      instruments if it      higher than the 
                          notifiable threshold    equals or is higher    notifiable threshold 
                                                  than the notifiable 
                                                  threshold 
                        ----------------------  ---------------------  ---------------------- 
 Minister For Finance 
  of Ireland             62.44%                  Nil                    62.44% 
                        ----------------------  ---------------------  ---------------------- 
 
 
 
 
 
 11. In case of proxy voting: [name of the proxy holder] will cease to 
  hold [% and number] voting rights as of [date] 
  N/A 
 
 12. Additional information (xvi) : 
  The issuer issued 90,893,627 PTSBGH ordinary shares of EUR0.50 each to 
  a nominee of NatWest so that they hold 16.66% of the enlarged share capital 
  of PTSBGH as of Completion. The issued share capital of PTSBGH following 
  the admission of the Subscription Shares will be 545,589,119 ordinary 
  shares of EUR0.50 each. As a result the % shareholding of the Minister 
  for Finance of Ireland has reduced. 
 

Done at Dublin on 07 November 2022.

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November 09, 2022 11:00 ET (16:00 GMT)

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