Notification of Major Interest in Shares
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
1. Identity of the issuer or the underlying issuer AVATION PLC
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 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):
3. Full name of person(s) subject to the OCEANWOOD CAPITAL MANAGEMENT LLP
notification obligation:(iii)
4. Full name of shareholder(s) OCEANWOOD GLOBAL OPPORTUNITIES MASTER FUND
(if different from 3.):(iv)
5. Date of the transaction and date on 5th July 2012
which the threshold is crossed or
reached:(v)
6. Date on which issuer notified: 5th July 2012
7. Threshold(s) that is/are crossed or Above 14% Threshold
reached:(vi,vii)
8. Notified details:
A: Voting rights attached to shares(viii,ix)
Class/type of Situation previous Resulting situation after the triggering transaction
shares to the triggering
transaction
if possible using
the ISIN CODE
Number Number Number Number of voting % of voting rights x
of of of shares rights
Shares Voting
Rights
Direct Direct(xi) Indirect(xii) Direct Indirect
Ord GBP Shares
ISIN: 5,648,463 5,648,463 6,238,463 6,238,463 14.05%
GB00B196F554
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial Expiration Exercise/ Number of voting % of voting
instrument date(xiii) Conversion Period(xiv) rights that may be rights
acquired if the
instrument is
exercised/converted.
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi
Resulting situation after the triggering transaction
Type of financial Exercise Expiration Exercise/ Number of voting rights % of voting
instrument price date(xvii) Conversion instrument refers to rights(xix,)
period(xviii)
Nominal Delta
Total (A+B+C)
Number of voting rights Percentage of voting rights
6,238,463 14.05%
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:
14. Contact name:
15. Contact telephone number:
Avation plc
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