TIDMARDN

RNS Number : 4697U

Arden Partners plc

29 July 2020

Share purchase by Employee Benefit Trust

Arden Partners plc (LSE: ARDN) has been notified by the trustees of the Arden Partners Employee Benefit Trust Limited (the "EBT") that, on 28 July 2020, the EBT purchased 250,000 ordinary shares of 10 pence each (the "Ordinary Shares") in the Company, at a price of 7 pence per Ordinary Share.

Following this purchase, the EBT holds 950,000 Ordinary Shares, representing approximately 3.27 per cent of the Company's issued Ordinary Share capital.

Enquiries:

 
Arden Partners plc   0207 614 5900 
Steve Douglas 
 
  GCA Altium                             020 7484 4040 
Tim Richardson 
 

TR-1: S tandard 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                                          Arden Partners plc 
  underlying issuer of existing shares 
  to which voting rights are attached 
  (ii) : 
                                                        ---------------------------------------------------------- 
 1b. Please indicate if the issuer is a non-UK issuer (please mark with 
  an "X" if appropriate) 
 Non-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                                                    Arden Partners Employee Benefit Trust 
                                                          Limited 
 City and country of registered office                   Birmingham, England 
  (if applicable) 
 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                      28 July 2020 
  crossed or reached (vi) : 
                                                        ---------------------------------------------------------- 
 6. Date on which issuer notified (DD/MM/YYYY):          29 July 2020 
                                                        ---------------------------------------------------------- 
 7. 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 % (8.A +      of voting rights 
                                   to shares (total          instruments             8.B)         of issuer (vii) 
                                       of 8. A)             (total of 8.B 
                                                             1 + 8.B 2) 
                               -----------------------  --------------------  ----------------  ------------------ 
 Resulting situation 
  on the date 
  on which threshold 
  was crossed 
  or reached                    3.27%                                          3.27%             29,074,211 
                               -----------------------  --------------------  ----------------  ------------------ 
 Position of                    n/a                                            n/a 
  previous notification 
  (if 
  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                      % of voting rights 
  shares             (ix) 
  ISIN code (if 
  possible) 
                          Direct                Indirect                      Direct                       Indirect 
                    (Art 9 of Directive   (Art 10 of Directive          (Art 9 of Directive          (Art 10 of Directive 
                       2004/109/EC)           2004/109/EC)             2004/109/EC) (DTR5.1)             2004/109/EC) 
                         (DTR5.1)              (DTR5.2.1)                                                 (DTR5.2.1) 
                                         --------------------- 
 10p Ord Shares     950,000                                      3.27% 
                   --------------------  ---------------------  ----------------------------------  --------------------- 
 
 
 SUBTOTAL 8. A 
                   -------------------------------------------  --------------------------------------------------------- 
 
 B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC 
  (DTR5.3.1.1 (a)) 
 Type of            Expiration            Exercise/              Number of voting                    % of voting 
  financial          date                  Conversion Period      rights that may                     rights 
  instrument         (x)                   (xi)                   be acquired if 
                                                                  the instrument 
                                                                  is 
                                                                  exercised/converted. 
                   --------------------  ---------------------  ----------------------------------  --------------------- 
 
                                          SUBTOTAL 8. B 1 
                                         ---------------------  ----------------------------------  --------------------- 
 
 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           Expiration             Exercise/              Physical or      Number of          % of voting 
  financial         date (x)              Conversion              cash             voting rights      rights 
  instrument                              Period (xi)             settlement 
                                                                  (xii) 
                  ---------------------  ---------------------  ---------------  ----------------- 
 
 
                                                                 SUBTOTAL 8.B.2 
                                                                ---------------  ----------------- 
 
 
 
 
 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                            x 
  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 the 
  financial instruments are effectively held starting with the ultimate 
  controlling natural person or legal entity (xiv) (please add additional 
  rows as necessary) 
 
    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 
                  --------------------------------  -------------------------  ------------------------ 
 
 
 
 
 10. In case of proxy voting, please identify: 
 Name of the proxy holder                            N/a 
                                                    --------------------------------------------------- 
 The number and % of voting rights                   N/a 
  held 
                                                    --------------------------------------------------- 
 The date until which the voting rights              N/a 
  will be held 
                                                    --------------------------------------------------- 
 
 11. Additional information (xvi) 
 
 
 
 
 Place of completion   5 George Road, Edgbaston, Birmingham B15 1NP 
 Date of completion    29 July 2020 
                      --------------------------------------------- 
 

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END

HOLSEESAUESSESW

(END) Dow Jones Newswires

July 29, 2020 04:05 ET (08:05 GMT)

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