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:	[phone]

 

END

 

 

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