Irish Continental Group plc : Holding(s) in Company
2 December 2016
Pursuant to its obligations under the Transparency (Directive 2004/109/EC) Regulations 2007 ("The Regulations"), Irish Continental Group plc sets out below details of a notification received under The Regulations.
Tom Corcoran
Company Secretary
Standard Form TR-1
Standard form for notification of major holdings
| NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the Central Bank of Ireland) | |||||
| 1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: Irish Continental Group |
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| 2. Reason for the notification
(please tick the appropriate box or boxes): [ X ] An acquisition or disposal of voting rights [ ] An acquisition or disposal of financial instruments [ ] An event changing the breakdown of voting rights [ ] Other (please specify): |
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| 3. Details of person subject to the notification obligation: | |||||
| Name: Marathon Asset Management LLP |
City and country of registered office (if applicable): London, UK |
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| 4. Full name of shareholder(s) (if different from 3.): See attached breakdown |
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| 5. Date on which the threshold was crossed or reached: 30 November 2016 |
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| 6. Date on which issuer notified: 2 December 2016 |
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| 7. Threshold(s) that is/are crossed or reached: 7% |
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| 8. Total positions of person(s) subject to the notification obligation: | |||||
| % of voting rights attached to shares (total of 9.A) | % of voting rights through financial instruments (total of 9.B.1 + 9.B.2) |
Total of both in % (9.A + 9.B) | Total number of voting rights of issuer | ||
| Resulting situation on the date on which threshold was crossed or reached | 6.98 | 0 | 6.98 | 188,262,890 | |
| Position of previous notification (if applicable) | 7.03 | 0 | 7.03 | ||
9. Notified details of the resulting situation on the date on which the threshold was crossed or reached: |
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| A: Voting rights attached to shares | ||||||||||
| Class/type of shares ISIN code (if possible) |
Number of voting rights | % of voting rights | ||||||||
| Direct |
Indirect |
Direct |
Indirect |
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| Ordinary Shares (IE00BLP58571) | 15,305,197 | 13,132,741 | 8.13 | 6.98 | ||||||
| SUBTOTAL A | 13,132,741 | 6.98 | ||||||||
| B 1: Financial Instruments according to Regulation 17(1)(a) of the Regulations | ||||||||||
| 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 | ||||||
| None | ||||||||||
| SUBTOTAL B.1 | ||||||||||
| B 2: Financial Instruments with similar economic effect according to Regulation 17(1)(b) of the Regulations | ||||||||||
| Type of financial instrument | Expiration date |
Exercise/ Conversion Period |
Physical or cash settlement | Number of voting rights | % of voting rights | |||||
| None | ||||||||||
| 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.
[ ] 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:
| Name | % 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 |
| William Arah | |||
| Jeremy Hosking | |||
| Neil Ostrer | |||
| Marathon Asset Management LLP | 6.98 | 0 | 6.98 |
11. In case of proxy voting: [name of the proxy holder] will cease to hold [% and number] voting rights as of [date]
12. Additional information:
Breakdown of Holdings:
| Custodian | Nominal |
| Bank of New York Mellon | 2,404,274 |
| BNP Paribas Securities Services | 90,839 |
| Brown Brothers Harriman | 170,093 |
| JP Morgan Chase | 739,936 |
| HSBC | 1,374,150 |
| Northern Trust | 6,706,039 |
| Royal Bank of Canada | 18,992 |
| State Street Bank & Trust Company, Boston | 3,800,874 |
| Total | 15,305,197 |
The provided breakdown of holdings refer to the total number of shares in Irish Continental Group managed by the portfolio managers of Marathon Asset Management LLP. No portfolio manager controls directly a disclosable position. The total includes 2,172,456 shares for which clients have retained the right to vote.
Done at London on 2nd December 2016.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Irish Continental Group plc via Globenewswire
 in Company)
2321 Rosecrans Avenue. Suite 2200
90245 El Segundo Stati Uniti
