Holding(s) in Company

RNS Number : 6196U

Strat Aero PLC

19 January 2017

 

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES i

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

STRAT AERO, 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):	Disposition of shares Whereby the Holder Does Not Have Voting Rights	x

3. Full name of person(s) subject to the notification obligation: iii	AERO KINETICS HOLDINGS, LLC
4. Full name of shareholder(s) (if different from 3.): iv	AERO KINETICS HOLDINGS, LLC
5. Date of the transaction and date on which the threshold is crossed or reached: v	January 18, 2017
6. Date on which issuer notified:	January 19, 2017
7. Threshold(s) that is/are crossed or reached: vi, vii	3.8% Drop in Ownership Percentage

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
	33,000,000	33.000.000	18,500,000	18,500,500		0%	4.857%

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
18,500,000	4.857%

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:	Graham Peck or acting Chairman of Strat Aero Board of Directors
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:	Aero Kinetics Holdings has been advised that: (1) Aero Kinetics Holdings' Broker will no longer represent any US Corporations, and (2) that as of January 24th, 2017, Aero Kinetics Holdings would effectively have no ability to manage its shareholdings in Strat Aero plc in either the near or long term as our brokers have provided no other viable alternatives to date. As such Aero Kinetics Holdings was left with no choice but to sell down its share position against our intentions and to, we believe, our significant detriment to mitigate potential damages under law. As of the close of business on January 18th, 2017, the broker has agreed to hold the account open until the first week of February, an extension from the prior account closure date of January 24th, 2017.
14. Contact name:	W. Hulsey Smith
15. Contact telephone number:	N/A

 

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