Holding(s) in Company

RNS Number : 9174C

API Group PLC

22 January 2015

 

 

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			API Group 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):
3. Full name of person(s) subject to the notification obligation: iii		Steel Partners Holdings L.P.
4. Full name of shareholder(s)  (if different from 3.):iv		The shares are registered in the name of Vidacos Ltd as nominee for Mutual Securities, Inc for client account Cedar 2015 Ltd, Account 0fn-155615
5. Date of the transaction and date on which the threshold is crossed or reached: v		20 January 2015
6. Date on which issuer notified:		22 January 2015
7. Threshold(s) that is/are crossed or reached: vi, vii		32%

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

ISINGB0000592062

24,807,203

24,807,203

0

0

24,807,203

0

32.3%

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

N/A

N/A

N/A

N/A

N/A

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

N/A

N/A

N/A

N/A

N/A

Nominal

Delta

N/A

N/A

Total (A+B+C)

Number of voting rights

Percentage of voting rights

24,807,203

32.3%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
The beneficial owner of the API Group plc shares is Cedar 2015 Limited.  Cedar 2015 Limited is a wholly owned subsidiary of CoSine Communications Inc..  CoSine Communications Inc is an 80.6 per cent owned subsidiary of Steel Partners Holdings L.P..  SPH Group Holdings Limited (the previous beneficial holder) is a wholly owned subsidiary of Steel Partners Holdings L.P.
Proxy Voting:
10. Name of the proxy holder:		N/A
11. Number of voting rights proxy holder will cease to hold:		N/A
12. Date on which proxy holder will cease to hold voting rights:		N/A
13. Additional information:	N/A
14. Contact name:	Terry Gibson
15. Contact telephone number:	[phone]

 

END

 

 

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