Holding(s) in Company, Warpaint London PLC, 2020-05-11






RNS Number : 5403M
Warpaint London PLC
11 May 2020
 

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)i


1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:

Warpaint London PLC

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 obligationiv

Name

Scion Asset Management, LLC

City and country of registered office (if applicable)

Delaware, USA

4. Full name of shareholder(s) (if different from 3.)v

Name

Scion Master G7, LP

Scion Value G7, LP

Sirius Bermuda Insurance Company Ltd

City and country of registered office (if applicable)

Cayman Islands

Delaware, USA

Bermuda

5. Date on which the threshold was crossed or reachedvi:

07/05/2020

6. Date on which issuer notified (DD/MM/YYYY):

11/05/2020

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 8.B 1 + 8.B 2)

Total of both in % (8.A + 8.B)

Total number of voting rights of issuervii

Resulting situation on the date on which threshold was crossed or reached

5.86%

5.86%

76,749,125

Position of previous notification (if

applicable)





 

8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii

A: Voting rights attached to shares

Class/type of
shares

ISIN code (if possible)

Number of voting rights

% of voting rights

Direct

(Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect

(Art 10 of Directive 2004/109/EC) (DTR5.2.1)

Direct

(Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect

(Art 10 of Directive 2004/109/EC) (DTR5.2.1)

Ordinary shares GB00BYMF3676


4,500,000


5.86%






SUBTOTAL 8. A

4,500,000

5.86%

 

 

B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))

Type of financial instrument

Expiration
date
x

Exercise/
Conversion Period
xi

Number of voting rights that may be acquired if the instrument is

exercised/converted.

% of voting rights













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 financial instrument

Expiration
date
x

Exercise/
Conversion Period
xi

Physical or cash

settlementxii

Number of voting rights

% of voting rights
















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 by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii


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)

X

Namexv

% 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

Mr Michael J Burry

5.86%

5.86%

Scion Capital Group, LLC

5.86%

5.86%

Scion Asset Partners, LP

5.86%

5.86%

Scion Master G7, LP

3.73%

3.73%

Scion Value G7, LP

1.12%

1.12%

Sirius Bermuda Insurance Company Ltd

1.01%

1.01%


10. In case of proxy voting, please identify:

Name of the proxy holder


The number and % of voting rights held


The date until which the voting rights will be held



11. Additional informationxvi

Mr Burry is the managing member of Scion Capital Group, LLC (“SCG”), SCG is the is the general partner of Scion Asset Partners, LP (“SAP”) and SAP is the managing member of Scion Asset Management, LLC (“SAM”). Scion Master G7, LP and Scion Value G7, LP are investment funds managed by SAM. Sirius Bermuda Insurance Company, Ltd. is a ‘separately managed account’ managed by SAM.

 

Place of completion

Saratoga, USA

Date of completion

11 May, 2020

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 

END

 
 

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