Angle PLC Announces Holding(s) in Company

Rhea-AI Summary

ANGLE plc (OTCQX:ANPCY) announced a change in major shareholder holdings. On September 7, 2020, Legal & General Group Plc crossed below a 3% threshold, down from a previous holding of 6.98%. This reduction signifies a shift in voting rights, as the number of voting rights attached to shares now reflects below 3% of the total 172,796,483 voting rights in issue. The notification highlights the continued management of shares by Legal & General, despite the reduction in direct ownership. This change is crucial for current and prospective investors tracking shareholder dynamics.

Positive

• Legal & General continues to manage the shares even after reducing direct ownership, indicating ongoing confidence in the company's prospects.

Negative

• Legal & General's reduction in ownership from 6.98% to below 3% signals a possible lack of confidence in ANGLE plc's future performance.
• The significant decrease in voting rights may affect shareholder influence and governance.

GUILDFORD, SURREY / ACCESSWIRE / September 11, 2020 / ANGLE plc (OTCQX:ANPCY) (AIM:AGL)

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:			ANGLE plc 213800BY11K6W3NMS374
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			Legal & General Group Plc (Group)
City and country of registered office (if applicable)			1 Coleman St, London EC2R 5AA
4. Full name of shareholder(s) (if different from 3.)v
Name			Legal & General Assurance (Pensions Management) Limited
City and country of registered office (if applicable)			1 Coleman St, London EC2R 5AA
5. Date on which the threshold was crossed or reachedvi:			07th September 2020
6. Date on which issuer notified (DD/MM/YYYY):			09th September 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	Below 3%	-		Below 3%	172,796,483
Position of previous notification (if applicable)	6.98%	-		6.98%

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 rightsix					% 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)
GB0034330679 (L&G)		Below 3%		-			Below 3%		-
SUBTOTAL 8. A		Below 3%					Below 3%
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 datex	Exercise/ Conversion Periodxi			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 datex		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 entityxiv (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
Legal & General Group (Direct/Indirect)	6.00%		6.00%
Legal & General Investment Management (Holdings) Limited (Direct/Indirect)	6.00%		6.00%
Legal & General Group (Direct)	Below 3%		Below 3%
Legal & General Assurance Society (Direct)	Below 3%		Below 3%
Legal & General Group (Direct/Indirect)	6.00%		6.00%
Legal & General Investment Management (Holdings) Limited (Direct/Indirect)	6.00%		6.00%
Legal & General Group (Direct)	Below 3%		Below 3%
Legal & General Assurance (Pensions Management) Limited (Direct)	Below 3%		Below 3%
Legal & General Group (Direct/Indirect)	6.00%		6.00%
Legal & General Investment Management (Holdings) Limited (Direct/Indirect)	6.00%		6.00%
Legal & General Investment Management Limited (Indirect)	6.00%		6.00%
Legal & General Group (Direct/Indirect)	6.00%		6.00%
Legal & General Investment Management (Holdings) Limited (Direct/Indirect)	6.00%		6.00%
Legal & General (Unit Trust Managers) Limited (Indirect)	Below 5%		Below 5%
Legal & General Group (Direct/Indirect)	6.00%		6.00%
Legal & General Investment Management (Holdings) Limited (Direct/Indirect)	6.00%		6.00%
Go ETF	Below 5%		Below 5%
10. In case of proxy voting, please identify:
Name of the proxy holder		N/A
The number and % of voting rights held		N/A
The date until which the voting rights will be held		N/A
11. Additional informationxvi
Notification using the total voting rights figure of 172,796,483 Following the sale of part of its business, shares have been transferred and are no longer directly owned by Legal & General, although these shares are still managed by Legal & General.

Place of completion	Brunel House, 2 Fitzalan Road, Cardiff, CF24 0EB
Date of completion	09/09/2020

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SOURCE: ANGLE plc

View source version on accesswire.com:
https://www.accesswire.com/605741/Angle-PLC-Announces-Holdings-in-Company

FAQ

What recent changes occurred in ANGLE plc's major shareholder holdings?

Legal & General Group Plc decreased its holdings from 6.98% to below 3% as of September 7, 2020.

What is the current percentage of voting rights held by Legal & General in ANGLE plc?

Legal & General now holds below 3% of the voting rights in ANGLE plc.

When did Legal & General Group Plc's holdings change in ANGLE plc?

The holdings changed on September 7, 2020.

How many total voting rights are in issue for ANGLE plc?

ANGLE plc has a total of 172,796,483 voting rights in issue.

Is Legal & General still managing ANGLE plc shares after the reduction?

Yes, Legal & General continues to manage the shares despite the reduction in direct ownership.