i3 Energy PLC Announces Holding(s) in Company

Rhea-AI Summary

i3 Energy PLC, a UK-based company, has announced a significant change in its shareholder structure. Premier Miton Group has acquired or disposed of voting rights that crossed a 10% threshold, now holding 9.969796% of the voting rights attached to i3 Energy's shares. This change was reached on June 20, 2024, and the company was notified on June 21, 2024. Premier Miton Group, operating through various controlled undertakings, now holds 119,881,574 voting rights, representing 9.969796% of the total voting rights in i3 Energy PLC.

This information was disclosed as per the TR-1 standard form for notification of major holdings, and the details of the transaction were completed on June 21, 2024, in Guildford, UK.

Positive

• Premier Miton Group now holds 9.969796% of voting rights in i3 Energy PLC.
• Premier Miton Group's controlled undertakings collectively hold 119,881,574 voting rights.

Negative

• Premier Miton Group's holding has decreased from 10.007991% to 9.969796%.
• Premier Miton Group's voting rights control slipped below the 10% threshold.

EASTLEIGH, UNITED KINGDOM / ACCESSWIRE / June 24, 2024 /

TR-1: Standard form for notification of major holdings

1. Issuer Details

ISIN

GB00BDHXPJ60

Issuer Name

I3 ENERGY PLC

UK or Non-UK Issuer

UK

2. Reason for Notification

An acquisition or disposal of voting rights

3. Details of person subject to the notification obligation

Name

Premier Miton Group plc

City of registered office (if applicable)

GUILDFORD

Country of registered office (if applicable)

United Kingdom

4. Details of the shareholder

Full name of shareholder(s) if different from the person(s) subject to the notification obligation, above

City of registered office (if applicable)

Country of registered office (if applicable)

5. Date on which the threshold was crossed or reached

20-Jun-2024

6. Date on which Issuer notified

21-Jun-2024

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 held in issuer
Resulting situation on the date on which threshold was crossed or reached	9.969796	0.000000	9.969796	119881574
Position of previous notification (if applicable)	10.007991	0.000000	10.007991

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

8A. Voting rights attached to shares

Class/Type of shares ISIN code(if possible)	Number of direct voting rights (DTR5.1)	Number of indirect voting rights (DTR5.2.1)	% of direct voting rights (DTR5.1)	% of indirect voting rights (DTR5.2.1)
GB00BDHXPJ60		119881574		9.969796
Sub Total 8.A	119881574		9.969796%

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))

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
Sub Total 8.B1

8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))

Type of financial instrument	Expiration date	Exercise/conversion period	Physical or cash settlement	Number of voting rights	% of voting rights
Sub Total 8.B2

9. Information in relation to the person subject to the notification obligation

2. 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 entities (please add additional rows as necessary)

Ultimate controlling person	Name of controlled undertaking	% 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
Premier Miton Group Plc	Premier Asset Management Midco Ltd
Premier Miton Group Plc	Premier Asset Management Holdings Ltd
Premier Miton Group Plc	Premier Asset Management Limited
Premier Miton Group Plc	Premier Investment Group Ltd
Premier Miton Group Plc	Premier Fund Managers Ltd	9.969796		9.969796%

10. In case of proxy voting

Name of the proxy holder

The number and % of voting rights held

The date until which the voting rights will be held

11. Additional Information

12. Date of Completion

21-Jun-2024

13. Place Of Completion

Guildford, UK

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 rns@lseg.com or visit www.rns.com.

SOURCE: i3 Energy PLC

View the original press release on accesswire.com

FAQ

What recent change occurred in i3 Energy's shareholder structure?

Premier Miton Group's voting rights in i3 Energy PLC dropped from 10.007991% to 9.969796% as of June 20, 2024.

How many voting rights does Premier Miton Group hold in i3 Energy PLC?

Premier Miton Group holds 119,881,574 voting rights, representing 9.969796% of the total voting rights in i3 Energy PLC.

When was i3 Energy notified about Premier Miton Group's change in holdings?

i3 Energy was notified on June 21, 2024, about the change in Premier Miton Group's holdings.

What is the significance of the 10% threshold in i3 Energy’s voting rights?

Crossing the 10% threshold in voting rights typically necessitates a formal notification as per regulatory requirements, impacting shareholder influence.