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NOTIFICATION OF MAJOR HOLDINGS
(to be sent to the relevant issuer and to the Central Bank of Ireland)
i
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1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached
ii
:
Cairn Homes PLC
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2. Reason for the notification
(please tick the appropriate box or boxes):
[ ] 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:
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3. Details of person subject to the notification obligation
iv
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Name: Soros Fund Management LLC
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City and country of registered office (if applicable):
Wilmington, United States
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4. Full name of shareholder(s)
(if different from 3.)v:
N/A
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5. Date on which the threshold was crossed or reached
vi
:
8 October 2020
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6. Date on which issuer notified:
6 November 2020
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7. Threshold(s) that is/are crossed or reached:
3%
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8. Total positions of person(s) subject to the notification obligation:
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% of voting rights attached to shares (total of 9.A)
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% of voting rights through financial instruments
(total of 9.B.1 + 9.B.2)
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Total of both in % (9.A + 9.B)
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Total number of voting rights of issuervii
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Resulting situation on the date on which threshold was crossed or reached
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0.00%
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2.87%
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2.87%
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749,334,063
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Position of previous notification (if applicable)
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0.00%
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3.21%
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3.21%
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752,256,180
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9. Notified details of the resulting situation on the date on which the threshold was crossed or reached
viii
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A: Voting rights attached to shares
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Class/type of
shares
ISIN code (if possible)
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Number of voting rights
ix
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% of voting rights
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Direct
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Indirect
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Direct
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Indirect
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SUBTOTAL A
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B 1: Financial Instruments according to Regulation 17(1)(a) of the Regulations
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Type of financial instrument
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Expiration
date
x
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Exercise/
Conversion Period
xi
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Number of voting rights that may be acquired if the instrument is exercised/converted.
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% of voting rights
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SUBTOTAL B.1
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B 2: Financial Instruments with similar economic effect according to Regulation 17(1)(b) of the Regulations
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Type of financial instrument
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Expiration
date
x
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Exercise/
Conversion Period
xi
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Physical or cash settlement
xii
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Number of voting rights
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% of voting rights
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CFD
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N/A
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N/A
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Cash settlement
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21,515,950
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2.87%
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SUBTOTAL B.2
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21,515,950
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2.87%
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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.
xiii
[X] 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
:
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Name
xv
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% of voting rights if it equals or is higher than the notifiable threshold
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% of voting rights through financial instruments if it equals or is higher than the notifiable threshold
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Total of both if it equals or is higher than the notifiable threshold
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Soros Fund Management LLC
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QE Investment Holdings Limited
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Quantum Support Services (Ireland) Limited
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0.00%
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2.87%
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2.87%
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Soros Fund Management LLC
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Quantum Endowment Partners L.P.
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Quantum Support Services (Ireland) Limited
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0.00%
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2.87%
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2.87%
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11. In case of proxy voting: [name of the proxy holder] will cease to hold [% and number] voting rights as of [date]
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12. Additional information
xvi
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As noted above, the transaction took place on October 8, 2020. We sincerely apologize for the delay in making this notification, which was due to an internal reporting oversight. We have adjusted our internal procedures to prevent such oversights in the future. The above-referenced transaction was executed in London and our internal system incorrectly flagged Cairn Homes plc in accordance with the UK Financial Conduct Authority's Disclosure and Transparency Rules (under which the threshold for reporting is 5%) on the basis that it was understood that the Home Member State of Cairn Homes plc is the United Kingdom.
This notification is now being made in accordance with the requirements of the Transparency (Directive 2004/109/Ec
)
Regulations
and Central Bank (Investment Market Conduct) Rules on the basis that the Home Member State is Ireland.
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