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
Thursday, August 22, 2024 1 min read
Key Takeaway: HUTCHMED (China) Limited has reported a major shareholder notification indicating a decrease in voting rights held by CA Fern Parent from 4.81% to 3.54%. This change was communicated following a notification on August 21, 2024, after reaching the threshold on August 20, 2024. The notification outlines the current holdings and the descending percentage of voting rights tied to the shares. The Carlyle Group, which controls the shareholder, does not hold any beneficial interest in the underlying securities.
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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 attached ii :
HUTCHMED (China) Limited
1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate)
Non-UK issuer
X
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 obligation iv
Name
CA Fern Parent
City and country of registered office (if applicable)
Mauritius
4. Full name of shareholder(s) (if different from 3.) v
Name
N/A
City and country of registered office (if applicable)
N/A
5. Date on which the threshold was crossed or reached vi :
20 August 2024
6. Date on which issuer notified (DD/MM/YYYY):
21 August 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 (8.A + 8.B) vii
Resulting situation on the date on which threshold was crossed or reached
3.54%
3.54%
30,847,500
Position of previous notification (if applicable)
4.81%
4.81%
8. Notified details of the resulting situation on the date on which the threshold was crossed or reached viii
A: Voting rights attached to shares
Class/type of shares ISIN code (if possible)
Number of voting rights ix
% of voting rights
Direct (DTR5.1)
Indirect (DTR5.2.1)
Direct (DTR5.1)
Indirect (DTR5.2.1)
Ordinary Shares KYG4672N1198
30,847,500
N/A
3.54%
N/A
SUBTOTAL 8. A
30,847,500
3.54%
B 1: Financial Instruments according to DTR5.3.1R (1) (a)
Type of financial instrument
Expiration date x
Exercise/ Conversion Period xi
Number of voting rights that may be acquired if the instrument is exercised/converted.
% of voting rights
N/A
N/A
N/A
N/A
N/A
SUBTOTAL 8. B 1
N/A
N/A
B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b)
Type of financial instrument
Expiration date x
Exercise/ Conversion Period xi
Physical or cash Settlement xii
Number of voting rights
% of voting rights
N/A
N/A
N/A
N/A
N/A
N/A
SUBTOTAL 8.B.2
N/A
N/A
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) issuer xiii
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 (please add additional rows as necessary) xiv
X
Name xv
% 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
The Carlyle Group Inc.
3.54%
N/A
3.54%
CAP V Mauritius Limited
3.17%
N/A
3.17%
CAP V Coinvest Mauritius Limited
Less than 3%
N/A
Less than 3%
Carlyle Asia PE Alternative Opportunities Mauritius Limited
Less than 3%
N/A
Less than 3%
Carlyle Asia PE Alternative Opportunities II Mauritius Limited
Less than 3%
N/A
Less than 3%
10. In case of proxy voting, please identify:
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 xvi
CA Fern Parent is wholly owned by CAP V Mauritius Limited, CAP V Coinvest Mauritius Limited, Carlyle Asia PE Alternative Opportunities Mauritius Limited and Carlyle Asia PE Alternative Opportunities II Mauritius Limited, which are, by and through their control affiliates (including their respective general partners), ultimately controlled (directly or indirectly) by The Carlyle Group Inc., but The Carlyle Group Inc. has no beneficial interest in the underlying securities of HUTCHMED (China) Limited.
Place of completion
Hong Kong
Date of completion
21 August 2024
Frequently Asked Questions
What is the identity of the issuer involved?
The issuer is HUTCHMED (China) Limited.
When was the threshold for voting rights crossed?
The threshold was crossed on 20 August 2024.
What percentage of voting rights does CA Fern Parent hold?
CA Fern Parent holds 3.54% of the voting rights.
Is HUTCHMED a UK issuer?
No, HUTCHMED is classified as a non-UK issuer.
Who ultimately controls CA Fern Parent?
The Carlyle Group Inc. ultimately controls CA Fern Parent.