0000902664-22-002419.txt : 20220406 0000902664-22-002419.hdr.sgml : 20220406 20220406091022 ACCESSION NUMBER: 0000902664-22-002419 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20220406 DATE AS OF CHANGE: 20220406 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Nielsen Holdings plc CENTRAL INDEX KEY: 0001492633 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 980662038 STATE OF INCORPORATION: X0 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-86637 FILM NUMBER: 22809542 BUSINESS ADDRESS: STREET 1: 675 AVENUE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10010 BUSINESS PHONE: (646) 654-5000 MAIL ADDRESS: STREET 1: 675 AVENUE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10010 FORMER COMPANY: FORMER CONFORMED NAME: Nielsen N.V. DATE OF NAME CHANGE: 20140506 FORMER COMPANY: FORMER CONFORMED NAME: Nielsen Holdings N.V. DATE OF NAME CHANGE: 20110124 FORMER COMPANY: FORMER CONFORMED NAME: Nielsen Holdings B.V. DATE OF NAME CHANGE: 20100524 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: WINDACRE PARTNERSHIP LLC CENTRAL INDEX KEY: 0001599383 IRS NUMBER: 462439914 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 2200 POST OAK BOULEVARD STREET 2: SUITE 1580 CITY: HOUSTON STATE: TX ZIP: 77056 BUSINESS PHONE: 713-623-7700 MAIL ADDRESS: STREET 1: 2200 POST OAK BOULEVARD STREET 2: SUITE 1580 CITY: HOUSTON STATE: TX ZIP: 77056 SC 13D/A 1 p22-1221sc13da.htm NIELSEN HOLDINGS PLC
SECURITIES AND EXCHANGE COMMISSION  
Washington, D.C. 20549  
   
SCHEDULE 13D/A
 
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
 

Nielsen Holdings plc

(Name of Issuer)
 

Ordinary shares, par value €0.07 per share

(Title of Class of Securities)
 

G6518L108

(CUSIP Number)
 

The WindAcre Partnership LLC

2200 Post Oak Blvd

Suite 1580

Houston, TX 77056

 

with a copy to:

Eleazer Klein, Esq.

Marc Weingarten, Esq.

Schulte Roth & Zabel LLP

919 Third Avenue

New York, New York 10022

(212) 756-2000

(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
 

April 5, 2022

(Date of Event Which Requires Filing of This Statement)
 

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), Rule 13d-1(f) or Rule 13d-1(g), check the following box. x

 

(Page 1 of 6 Pages)

______________________________

* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

 

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

CUSIP No. G6518L108Schedule 13D/APage 2 of 6 Pages

 

1

NAME OF REPORTING PERSON

The WindAcre Partnership LLC

2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ¨

(b) ¨

3 SEC USE ONLY
4

SOURCE OF FUNDS

AF

5

 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT
  TO ITEMS 2(d) or 2(e)

¨
6

CITIZENSHIP OR PLACE OF ORGANIZATION

Delaware

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH:
7

SOLE VOTING POWER

-0-

8

SHARED VOTING POWER

34,555,300

9

SOLE DISPOSITIVE POWER

-0-

10

SHARED DISPOSITIVE POWER

34,555,300

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON

34,555,300

12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

9.61%

14

TYPE OF REPORTING PERSON

IA

         

 

 

 

CUSIP No. G6518L108Schedule 13D/APage 3 of 6 Pages

 

 

1

NAME OF REPORTING PERSON

The WindAcre Partnership Master Fund LP

2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ¨

(b) ¨

3 SEC USE ONLY
4

SOURCE OF FUNDS

WC

5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e)
¨
6

CITIZENSHIP OR PLACE OF ORGANIZATION

Cayman Islands

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH:
7

SOLE VOTING POWER

-0-

8

SHARED VOTING POWER

34,555,300

9

SOLE DISPOSITIVE POWER

-0-

10

SHARED DISPOSITIVE POWER

34,555,300

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON

34,555,300

12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

9.61%

14

TYPE OF REPORTING PERSON

PN

         

 

 

 

CUSIP No. G6518L108Schedule 13D/APage 4 of 6 Pages

 

 

1

NAME OF REPORTING PERSON

Snehal Rajnikant Amin

2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ¨

(b) ¨

3 SEC USE ONLY
4

SOURCE OF FUNDS

AF

5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e)
¨
6

CITIZENSHIP OR PLACE OF ORGANIZATION

United States of America

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH:
7

SOLE VOTING POWER

-0-

8

SHARED VOTING POWER

34,555,300

9

SOLE DISPOSITIVE POWER

-0-

10

SHARED DISPOSITIVE POWER

34,555,300

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON

34,555,300

12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

9.61%

14

TYPE OF REPORTING PERSON

IN

         

 

 

CUSIP No. G6518L108Schedule 13D/APage 5 of 6 Pages

 

 

The following constitutes Amendment No. 3 (this "Amendment No. 3") to the Schedule 13D filed by the undersigned on March 14, 2022 with respect to the Ordinary Shares of the Issuer (the "Original Schedule 13D"), as amended by Amendment No. 1 to the Original Schedule 13D, filed with the SEC on March 21, 2022 (“Amendment No. 1”), and Amendment No. 2 to the Original Schedule 13D, filed with the SEC on March 30, 2022 (“Amendment No. 2,” together with the Original Schedule 13D, Amendment No. 1 and this Amendment No. 3, the “Schedule 13D”). This Amendment No. 3 amends the Schedule 13D as specifically set forth herein. Capitalized terms used herein and not otherwise defined in this Amendment No. 3 have the meanings set forth in the Schedule 13D. This Amendment No. 3 amends Items 4 and 7, as set forth below.

  

Item 4. PURPOSE OF TRANSACTION

   
Item 4 of the Schedule 13D is hereby amended and supplemented to add the following:
   
On March 30, 2022, the Reporting Persons filed Amendment No. 2 to disclose that they were evaluating potential courses of actions with respect to the Transaction.
 
After careful evaluation, the Reporting Persons have concluded that they oppose the Transaction and will take steps to attempt to block the Transaction. As more fully set forth in Item 4 of the Original Schedule 13D, such steps may include, but are not limited to, purchasing securities of the Issuer, voting against the Transaction, communicating with other shareholders or third parties, and proposing corporate resolutions.
 
In connection with the foregoing, the Reporting Persons have heard from unaffiliated market participants, whom they believe to be reliable, information shared by the private equity consortium sponsoring the Transaction (collectively, the “Consortium”) regarding the Consortium’s intentions with respect to the Transaction. Specifically, and consistent with the Issuer's press release announcing the Transaction and the terms set forth in the definitive agreement governing the Transaction, the Consortium has indicated to such market participants that it is preparing to, or is prepared to, proceed with a tender offer, if the Consortium believes or determines that the Reporting Persons may or will block the consummation of the Transaction by means of a scheme of arrangement. Further, the Reporting Persons believe, including in light of conversations with the aforementioned market participants, that, in the event that the Consortium is able to acquire a simple majority of the Ordinary Shares through such tender offer, the Consortium may attempt to voluntarily delist the Ordinary Shares from trading on the New York Stock Exchange (“NYSE”). In such case, the Reporting Persons would view the tender offer as being coercive. Therefore, on April 5, 2022, Master Fund submitted to the Issuer the requisition notice attached hereto as Exhibit C, aimed at restricting the ability of a controlling shareholder to cause the delisting of the Ordinary Shares from trading on the NYSE (the “Special Resolution”). The foregoing summary of the Special Resolution is not complete and is qualified in its entirety by reference to the full text of the Special Resolution, which is attached as Exhibit C hereto and is incorporated herein by reference.

 

Item 7. EXHIBIT
   
Item 7 of the Schedule 13D is hereby amended and supplemented to add the following:
 
Exhibit C Special Resolution

 

 

CUSIP No. G6518L108Schedule 13D/APage 6 of 6 Pages

SIGNATURES

After reasonable inquiry and to the best of its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.

DATE: April 6, 2022

 

  the windacre partnership LLC
   
   
  /s/ Snehal Amin
  Name:  Snehal Amin
  Title:    Managing Member
   

 

  the windacre partnership master fund Lp
   
  By:  The WindAcre Partnership LLC
   
  /s/ Snehal Amin
  Name:  Snehal Amin
  Title:    Managing Member
   

 

  /s/ Snehal Amin
  SNEHAL AMIN

 

 

EX-99 2 p22-1221exhibitc.htm SPECIAL RESOLUTION
    2200 Post Oak Boulevard
The WindAcre Partnership     Suite 1580
    Houston, TX  77056

 

EXHIBIT C

 

The Directors

Nielsen Holdings plc

5th Floor Endeavour House, 189 Shaftesbury Avenue, London, WC2H 8JR

 

April 5, 2022

 

Dear Sirs

Request to circulate a resolution at the next annual general meeting (AGM) of Nielsen Holdings plc (Company) under s 338 Companies Act 2006 (CA 2006)

Pursuant to s 338 CA 2006, we, the undersigned, being a member representing not less than 5% of the total voting rights of all the members who have a right to vote on the resolution below at the AGM, require you to give to members of the Company entitled to receive notice of the AGM, notice of the following resolution which may properly be moved and is intended to be moved at the AGM, and which is being proposed as a special resolution:

SPECIAL RESOLUTION

THAT, in relation to the Company's listing on the New York Stock Exchange (the “NYSE”), and without prejudice to the powers of the NYSE generally to direct, in its sole discretion and pursuant to the rules and regulations of the NYSE, the cancellation of the Company's shares from trading on the NYSE, the directors of the Company, from time to time, are directed not to: (a) apply for or request the cancellation of the Company's shares from trading on the NYSE, or (b) take, or refrain from taking, any action which would or could cause, or which would or could reasonably be expected to cause, the NYSE to direct the cancellation of the Company’s shares from trading on the NYSE, except, in either case, in circumstances where the directors of the Company have first obtained the prior approval of the members of the Company by way of special resolution.

Pursuant to s 314(1) CA 2006, we, the undersigned, being a member representing not less than 5% of the total voting rights of all the members who have a relevant right to vote (as set out in s 314(3)), also require the Company to circulate with the above resolution the following statement with respect to the matter referred to in the resolution:

We believe Nielsen’s minority shareholders should have the power to restrict the ability of one or more future controlling shareholders holding less than 75% of the Company’s shares from de-listing the Company from the New York Stock Exchange. As it stands today, without the special resolution we are proposing, one or more shareholders owning 50% of the shares plus one could replace the entire Board of the Company and unilaterally procure the de-listing of the Company from the New

 

The WindAcre Partnership

2200 Post Oak Boulevard

Suite 1580

Houston, TX 77056

York Stock Exchange, leaving what could be a very significant minority of shareholders holding un-listed shares. Unchecked, the use of such power, or the threat of its use, could influence shareholders in the Company to tender their shares at a price they might otherwise deem inadequate. Under the Companies Act 2006, a supermajority of at least 75% is effectively required to compulsorily acquire any remaining shares held by minority shareholders (for example, through the minimum voting requirements to effect a Court-approved Scheme of Arrangement). This proposed special resolution provides that same supermajority threshold be extended to any proposed de-listing of the Company, given that, for many shareholders, de-listing will have the same practical effect of being "squeezed-out", taking away the market which provides much of the value to their shareholding and guarantees the free transferability of shares, effectively leaving such shareholders with little option but to sell their Nielsen shares against their better judgement.

We urge you to vote FOR this resolution.

We, the undersigned, undertake to pay a sum which is reasonably sufficient to meet the expenses of the Company in giving effect to the requisition to circulate the resolution pursuant to s 340(2)(b) of the CA 2006 and the statement pursuant to s 314 of the CA 2006.

Signed by:

Name and address of member Signature No of shares held Date

The Windacre Partnership Master Fund LP

89 Nexus Way, Camana Bay, Grand Cayman, KY1-9009,

Cayman Islands

/s/ Snehal Amin

……………………………………….

duly authorised for and on behalf of The Windacre Partnership Master Fund LP

 

34,555,300

 

5 Apr 2022