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TUI Travel PLC (TT.)

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Tuesday 07 June, 2011

TUI Travel PLC

Holding(s) in Company

RNS Number : 9790H
TUI Travel PLC
07 June 2011
 

 


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

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

An acquisition or disposal of voting rights


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 delta relating to instruments with similar economic effect to qualifying financial instruments (see note 1, section 13)

YES

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

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

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

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



 

 

A: Voting rights attached to shares viii, ix

 


if possible using
the ISIN CODE

 

 

Direct xi

Indirect xii

 

GB00B1Z7RQ77

620,137,750

620,137,750

 

395,596,480

 

 

 

395,596,480

 

 

224,541,270

 

35.4%

 

 

20.1%

 

 







 

 

Expiration
date
xiii

Exercise/
Conversion Period
xiv

 

Call Option

9 March 2013

From 16 January 2011 to 9 March 2013

137,574,221 (see note 2, section 13)

12.3%

 

Contingent Forward Purchase Agreement

31 March 2013

31 March 2013, subject to terms allowing for earlier settlement

86,967,049 (see note 3, section 13)

7.8%

 


 

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

 

 

Expiration date xvii

Exercise/
Conversion period
xviii

% of voting rights xix, xx

 

Convertible bonds acquired pursuant to a Contingent Forward Purchase Agreement

£3.8234

27 April 2017

From 7 June 2010 subject to certain conditions

16,215,934

(calculated on a delta- adjusted basis (see note 1, section 13))

 


1.45%

 


 

 

 

636,353,684

56.92% (please see note (4), section 13)   

 

 

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



(1) TUI AG is required under the Disclosure and Transparency Rules to disclose its interest in the convertible bonds of TUI Travel PLC on a delta-adjusted basis (see 8(c) above).  A change in the delta relating to such bonds has resulted in a notifiable change in TUI AG's aggregate interest in the voting rights of TUI Travel PLC, however TUI AG's actual holding of convertible bonds (on a nominal basis as well as the number of TUI Travel PLC shares underlying such bonds) has not changed since the date of issue of such bonds on 27 April 2010.

 

(2) 137,574,221 of those TUI Travel PLC shares in which TUI AG has an indirect interest (as referred to in 8A above) are the same shares as those which it has a right to acquire under the Call Option (as referred to in 8B above).  The registered holder of such shares is Nero Finance Limited.

 

(3) 86,967,049 of those TUI Travel PLC shares in which TUI AG has an indirect interest (as referred to in 8A above) are the same shares as those which it has a right to acquire under the Contingent Forward Purchase Agreement (as referred to in 8B above). The registered holder of such shares is Antium Finance Limited.

 

(4) TUI AG's aggregate 56.92% interest referred to in section 8 above is equivalent to 50.83% of TUI Travel PLC's share capital on a fully diluted basis.

 


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