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
Wednesday, June 21, 2023 1 min read
Key Takeaway: Indivior PLC has received a notification from Scopia Capital Management LP and Scopia Management, Inc. regarding their major holdings in the company. As of June 19, 2023, they hold a 6.96% stake, down from a previous holding of 8.98%. This notification is part of standard regulatory requirements for significant shareholdings. The notification was officially completed on June 21, 2023, and involves compliance with the UK's FCA regulations.
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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 :
Indivior PLC
1b. Please indicate if the issuer is a non-UK issuer (please mark with an X if appropriate)
Non-UK issuer
2. Reason for the notification (please mark the appropriate box or boxes with an X )
An acquisition or disposal of voting rights
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
Scopia Capital Management LP Scopia Management, Inc.
City and country of registered office (if applicable)
Wilmington, Delaware, United States (Scopia Capital Management LP) New York, New York, United States (Scopia Management, Inc.)
4. Full name of shareholder(s) (if different from 3.) v
Name
Goldman Sachs & Co. Morgan Stanley & Co., LLC
City and country of registered office (if applicable)
Wilmington, Delaware, United States
5. Date on which the threshold was crossed or reached vi :
19 June 2023
6. Date on which issuer notified (DD/MM/YYYY):
21 June 2023
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
6.96%
Not Applicable
6.96%
9,590,921
Position of previous notification (if applicable)
8.98%
Not Applicable
8.98%
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)
GB00BRS65X63
9,590,921
6.96%
SUBTOTAL 8. A
9,590,921
6.96%
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
Not Applicable
SUBTOTAL 8. B 1
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
Not Applicable
SUBTOTAL 8.B.2
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
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
Scopia Management, Inc.
6.96%
Not Applicable
6.96%
Scopia Capital Management LP
6.96%
Not Applicable
6.96%
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
Place of completion
New York, NY, United States
Date of completion
21 June 2023
Frequently Asked Questions
What is the identity of the issuer in this notification?
The issuer is Indivior PLC.
Who is subject to the notification obligation?
Scopia Capital Management LP and Scopia Management, Inc.
What was the total voting rights percentage reached?
The total voting rights percentage reached is 6.96%.
When was the threshold for voting rights crossed?
The threshold was crossed on 19 June 2023.
Where was the notification completed?
The notification was completed in New York, NY, United States.