FIRSTGROUP PLC - Holding(s) in Company

TR-1: Standard form for notification of major holdings




The information below is provided in accordance with the requirements of the Disclosure Guidance and Transparency Rules (“DGTR”) 6.2.2AR:

Legal Entity Identifier:  549300DEJZCPWA4HKM93

Classification as per DGTR 6 Annex 1R: 2.3


, Assistant Company SecretaryKemi Waterton-Zhou

Tel: +44 (0)7970 183974

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the
 in Microsoft Word format if possible)i

1a. Identity of the issuer or the                   FirstGroup PLC
underlying issuer of existing shares to
which voting rights are attachedii:

1b. Please indicate if the issuer is a non- 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                                   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 obligationiv

Name                                    Coast Capital Management LP

City and country of registered office   New York City, NY, USA
(if applicable)

4. Full name of shareholder(s) (if different from 3.)v

City and country of registered office
(if applicable)

5. Date on which the threshold was      20 March 2020
crossed or reachedvi:

6. Date on which issuer notified        23 March 2020

7. Total positions of person(s) subject to the notification obligation

                    % of voting rights % of voting rights Total of both in % Tot
                    attached to shares through financial     (8.A + 8.B)     al
                     (total of 8. A)      instruments                        num
                                       (total of 8.B 1 +                     ber
                                             8.B 2)                          of

Resulting situation       13.47%                                             1,2
on the date on                                                               18,
which threshold was                                                          995
crossed or reached                                                           ,26

Position of               11.09%
notification (if
8. Notified details of the resulting situation on the date on which the
threshold was crossed or reachedviii

A: Voting rights attached to shares

Class/type  Number of voting rightsix          % of voting rights
shares             Direct           Indirect        Direct         Indirect
ISIN code    (Art 9 of Directive   (Art 10 of      (Art 9 of      (Art 10 of
(if         2004/109/EC) (DTR5.1)  Directive       Directive      Directive
possible)                         2004/109/EC)   2004/109/EC)    2004/109/EC)
                                   (DTR5.2.1)      (DTR5.1)       (DTR5.2.1)

GB0003452173     168,200,445                        13.47%

SUBTOTAL 8.            168,200,445                         13.47%

B 1: Financial Instruments according to Art. 13(1)(a) of Directive
2004/109/EC (DTR5.3.1.1 (a))

Type of     Expiration Exercise/    Number of voting rights that % of voting
financial   datex      Conversion   may be acquired if the       rights
instrument             Periodxi     instrument is

                       SUBTOTAL 8.
                       B 1

B 2: Financial Instruments with similar economic effect according to Art. 13
(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))

Type of    Expiration  Exercise/   Physical or  Number of voting % of voting
financial  datex       Conversion  cash         rights           rights
instrument             Period xi   settlementxii

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) issuerxiii

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
entityxiv (please add additional rows as necessary)

   Namexv     % of voting rights if  % of voting rights  Total of both if it
              it equals or is higher  through financial  equals or is higher
               than the notifiable    instruments if it  than the notifiable
                    threshold        equals or is higher      threshold
                                     than the notifiable

Coast Capital         13.47%                                   13.47%
Management LP

10. In case of proxy voting, please identify:

Name of the proxy holder             N/A

The number and % of voting rights    N/A

The date until which the voting      N/A
rights will be held

11. Additional informationxvi
Place of completion , 

Date of completionNew York CityNY USA23 March 2020

Quick facts: FirstGroup

Price: 61

Market: LSE
Market Cap: £743.93 m

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