Notification of Major Interest in Shares

RNS Number : 9286D

Avation PLC

30 March 2011

 



TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:				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):
3. Full name of person(s) subject to the notification obligation:		CREDIT SUISSE GROUP AG
4. Full name of shareholder(s)  (if different from 3.):		CREDIT SUISSE SECURITIES (EUROPE) LTD
5. Date of the transaction and date on which the threshold is crossed or reached:		22/03/2011
6. Date on which issuer notified:		24/03/2011
7. Threshold(s) that is/are crossed or reached:		5%

8. Notified details:

A: Voting rights attached to shares

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

Direct

Direct

Indirect

Direct

Indirect

ORD GB00B196F554

1,583,244

1,583,244

N/A

N/A

1,583,244**

N/A

4.1089%**

** CS position remains unchanged; holding percentage has changed due to new increased issued share capital of 38,532,220 shares.

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date

Exercise/ Conversion Period

Number of voting rights that may be acquired if the instrument is exercised/ converted.

% of voting rights

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

Exercise/ Conversion period

Number of voting rights instrument refers to

% of voting rights

Total (A+B+C)

Number of voting rights

Percentage of voting rights

1,583,244**

4.1089%**

** CS position remains unchanged; holding percentage has changed due to new increased issued share capital of 38,532,220 shares.

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

1.    Credit Suisse Group AG 2.    Credit Suisse AG       2.1 Credit Suisse Securities (Europe) Ltd

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:

Liane Agostini/ Anthony Allen/Paul MacDonald

15. Contact telephone number:

[phone] / 5416 / 8548

Note: Annex should only be submitted to the FSA not the issuer
Annex: Notification of major interests in share
A: Identity of the persons or legal entity subject to the notification obligation
Full name (including legal form of legal entities)	Credit Suisse Group AG
Contact address (registered office for legal entities)	Paradeplatz 8, 8070 Zurich, Switzerland
Phone number & email	See below
Other useful information (at least legal representative for legal persons)	See below
B: Identity of the notifier, if applicable
Full name	Credit Suisse Securities (Europe) Ltd
Contact address	One Cabot Square, London E14 4QJ
Phone number & email	020 7888 5416 [e-mail]
Other useful information (e.g. functional relationship with the person or legal entity subject to the notification obligation)	Anthony Allen
C: Additional information
Our ref: 1403314
For notes on how to complete form TR-1 please see the FSA website.

 

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