TR1 Notification of major interest in shares
Parvus Asset Management Jersey Limited has increased its holding in SSP Group PLC, crossing a notification threshold on March 20, 2026. The firm now holds a total of 14.337601% of voting rights, primarily through financial instruments including various equity swaps with differing expiration dates and cash settlement. This represents an increase from a previous notification where their holding was 13.001543%. The total number of voting rights held in the issuer is 112,017,193.
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Issuer Details
ISIN
GB00BGBN7C04
Issuer Name
SSP GROUP PLC
UK or Non-UK Issuer
UK
Reason for Notification
An acquisition or disposal of financial instruments
Details of person subject to the notification obligation
Name
Parvus Asset Management Jersey Limited
City of registered office (if applicable)
St Helier
Country of registered office (if applicable)
Jersey
Details of the shareholder
City of registered office (if applicable)
Country of registered office (if applicable)
Date on which the threshold was crossed or reached
20-Mar-2026
Date on which Issuer notified
24-Mar-2026
- 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 | 0.000000 | 14.337601 | 14.337601 | 112017193 |
| Position of previous notification (if applicable) | 0.000000 | 13.001543 | 13.001543 | |
| 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) |
| Sub Total 8.A | ||||
| 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
- 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 |
|---|---|---|---|---|---|
| Equity Swap | 02/12/2026 | Cash | 19060029 | 2.439582 | |
| Equity Swap | 03/11/2026 | Cash | 604506 | 0.077374 | |
| Equity Swap | 03/09/2026 | Cash | 18941563 | 2.424419 | |
| Equity Swap | 05/01/2028 | Cash | 1443884 | 0.184809 | |
| Equity Swap | 18/05/2026 | Cash | 66967211 | 8.571444 | |
| Equity Swap | 22/03/2028 | Cash | 5000000 | 0.639973 | |
| Sub Total 8.B2 | 112017193 | 14.337601% |
- Information in relation to the person subject to the notification obligation
| 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 |
|---|---|---|---|---|
| Edoardo Mercadante | 14.337601 | 14.337601% | ||
| Edoardo Mercadante | Parvus Jersey Holdings Limited | 14.337601 | 14.337601% | |
| Edoardo Mercadante | Parvus Asset Management Jersey Limited | 14.337601 | 14.337601% |
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
- Additional Information
- Date of Completion
24-Mar-2026
Place Of Completion
St Helier, Jersey
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