B&M European Value Retail S.A. has received a notification of major holdings from SSA Investments S.àr.l. The notification states that there has been no change in the beneficial shareholding of the Company's Group Trading Director, Bobby Arora, in the Company via SSA Investments. The Placing Shares involved in the placing undertaken by SSA Investments were held for the benefit of its indirect shareholders Simon and Robin Arora and do not include any shares related to Bobby Arora.
The notification provides details of the shareholder, SSA Investments S.àr.l., including its city and country of registered office. The date on which the threshold was crossed or reached is stated as December 13, 2023, and the issuer was notified on the same date. The total positions of SSA Investments on the date the threshold was crossed or reached are as follows: 4.194% of voting rights attached to shares, 0.000% of voting rights through financial instruments, and a total of 42,059,428 voting rights held in the issuer.
The resulting situation on the date the threshold was crossed or reached is compared to the position of the previous notification, showing a decrease in the percentage of voting rights. The details of the resulting situation include the voting rights attached to shares, with 3.391% of direct voting rights and 0.803% of indirect voting rights.
The notification also provides information about the full chain of controlled undertakings through which the voting rights and/or financial instruments are effectively held. It states that the ultimate controlling person is Simon Arora, and SSA Investments is a controlled undertaking. SSA Investments holds 4.194% of voting rights if it equals or is higher than the notifiable threshold.
In relation to proxy voting, no information is provided regarding the name of the proxy holder, the number and percentage of voting rights held, or the date until which the voting rights will be held.
Additional information is provided regarding the shares held indirectly by Praxis Nominees Limited, as a nominee for SSA Investments. The voting rights attached to these shares will be exercised by Praxis Nominees Limited as instructed by SSA Investments.
The date of completion of the notification is December 14, 2023, and the place of completion is not specified.