4//SEC Filing
PAGAC Drone Holding GP I Ltd 4
Accession 0000899243-18-022080
CIK 0001628369other
Filed
Aug 9, 8:00 PM ET
Accepted
Aug 10, 9:07 PM ET
Size
8.0 KB
Accession
0000899243-18-022080
Insider Transaction Report
Form 4
PAGAC Drone Holding GP I Ltd
10% Owner
Transactions
- Other
Redeemable Preference Shares
2018-08-08−18,665→ 0 total(indirect: See Explanation of Responses)
Footnotes (5)
- [F1]On August 8, 2018, Cushman & Wakefield plc (the "Issuer") redeemed the 50,000 redeemable preference shares, GBP 1.00 nominal value per share (the "Preference Shares"), held by DTZ Investment Holdings GenPar LLP ("DTZ GenPar") (acting in its capacity as general partner of DTZ Investment Holdings LP ("Holdings LP")). DTZ GenPar held the Preference Shares for the benefit of the limited partners of Holdings LP. The sole consideration paid by DTZ GenPar for the Preference Shares was execution of an undertaking to pay GBP 50,000 to the Issuer. The sole consideration for the redemption of the Preference Shares was cancellation of that undertaking to pay.
- [F2]PAGAC Drone Holding GP I Limited is the general partner of PAGAC Drone Holding I LP (together, the "PAG Entities"). PAGAC Drone Holding I LP holds 37.33% of the partnership interests in each of (i) DTZ Investment Holdings LP ("Holdings LP") and (ii) DTZ Investment Holdings GenPar LLP ("DTZ GenPar"), the general partner of Holdings LP.
- [F3]Because of the relationship between the PAG Entities, Holdings LP and DTZ GenPar, the PAG Entities may be deemed, pursuant to Rule 13d-3 under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), to beneficially own the Preference Shares beneficially owned in the aggregate by Holdings LP and DTZ GenPar. Each PAG Entity disclaims beneficial ownership of the Preference Shares beneficially owned in the aggregate by Holdings LP, DTZ GenPar or any future distributees, except to the extent of such PAG Entity's pecuniary interest therein, if any.
- [F4]Messrs. Jon Robert Lewis, David Jaemin Kim and Noel Walsh and Ms. Tamara Williams have been delegated, in accordance with certain proxy voting guidelines, the authority to implement voting decisions and the authority to implement disposition decisions with respect to shares indirectly held by PAGAC Drone Holding GP I Limited, including the the 18,665.00 Preference Shares. Each of Messrs. Lewis, Kim and Walsh and Ms. Williams expressly disclaims beneficial ownership of such shares.
- [F5]Pursuant to Rule 16a-1(a)(4) under Exchange Act, this filing shall not be deemed an admission that the Reporting Person is, for purposes of Section 16 of the Exchange Act or otherwise, the beneficial owner of any equity securities in excess of its respective pecuniary interests.
Documents
Issuer
Cushman & Wakefield plc
CIK 0001628369
Entity typeother
IncorporatedCayman Islands
Related Parties
1- filerCIK 0001748609
Filing Metadata
- Form type
- 4
- Filed
- Aug 9, 8:00 PM ET
- Accepted
- Aug 10, 9:07 PM ET
- Size
- 8.0 KB