Holding(s) in Company

RNS Number : 9698K
Avation PLC
06 January 2016
 

 

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi


1. Identity of the issuer or the underlying issuer
of existing shares to which voting rights are
attached:
ii

AVATION PLC

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

X

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached


An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments


An event changing the breakdown of voting rights


Other (please specify):

Change in Outstanding Shares

X

3. Full name of person(s) subject to the
notification obligation:
iii

OCEANWOOD CAPITAL MANAGEMENT LLP

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

OCEANWOOD OPPORTUNITIES MASTER FUND

5. Date of the transaction and date on
which the threshold is crossed or
reached:
v

31st of December 2015

6. Date on which issuer notified:

4th of January 2016

7. Threshold(s) that is/are crossed or
reached:
vi, vii

Crossing 24%, 25%, 26%, 27% and 28%



 

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type of
shares


if possible using
the ISIN CODE

Situation previous
to the triggering
transaction

Resulting situation after the triggering transaction

Number
of
Shares

Number
of
Voting
Rights

Number
of shares

Number of voting
rights

% of  voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

Ord GBP Shares  ISIN: 

GB00B196F554

12,083,140

12,083,140

14,427,188

14,427,188


28.03%




B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial
instrument

Expiration
date
xiii

Exercise/
Conversion Period
xiv

Number of voting
rights that may be
acquired if the
instrument is
exercised/ converted.

% of voting
rights







C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financial
instrument

Exercise price

Expiration date xvii

Exercise/
Conversion period
xviii

Number of voting rights instrument refers to

 

% of voting rights xix, xx

 





 

 

Nominal

Delta




Total (A+B+C)

Number of voting rights

Percentage of voting rights

14,427,188

28.03%



 

9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:
xxi

 

 


Proxy Voting:

10. Name of the proxy holder:


11. Number of voting rights proxy holder will cease
to hold:


12. Date on which proxy holder will cease to hold
voting rights:




13. Additional information:


The Oceanwood Opportunities Master Fund bought 2,344,048 shares on 31 December 2015 which took its holding to 27.61%.  On the same date the Company (Avation PLC) purchased its own shares reducing the shares used for the purpose of calculating percentage voting rights from 52,248,271 shares to 51,463,727 shares. This further increased Oceanwood Opportunities Master Fund's percentage holding to 28.03%.

14. Contact name:

Stephan Michaels

15. Contact telephone number:

+356 2248 6930



 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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