Source - RNS
RNS Number : 2448J
AA PLC
07 September 2016
 

 

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:
ii

AA Plc

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

ü

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

ü

An event changing the breakdown of voting rights

 

Other (please specify):

 

 

3. Full name of person(s) subject to the
notification obligation:
iii

Parvus Asset Management Europe Limited

4. Full name of shareholder(s)
 (if different from 3.):iv

Parvus Asset Management Europe Limited has been appointed as Investment Manager a number of funds and managed accounts. Under the terms of the various investment management agreements, Parvus Asset Management Europe Limited holds the power to vote any physical shareholdings held by these clients. No individual client holds voting rights which equal or exceed the notifiable threshold.

5. Date of the transaction and date on
which the threshold is crossed or
reached:
v

02 September 2016

6. Date on which issuer notified:

06 September 2016

7. Threshold(s) that is/are crossed or
reached:
vi, vii

Going above 5% voting rights

Going above 16% aggregated interest

         
 

 

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

 

 

GB00BMSKPJ95

27,045,140

27,045,140

30,838,691

30,838,691

 

5.06%

 

 

 

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

 

 

Equity Swap

 

N/A

 

13 October 2016

 

N/A

 

513,229

Nominal

Delta

0.08%

-

 

Equity Swap

 

N/A

 

21 November 2016

 

N/A

 

513,136

Nominal

Delta

0.08%

-

 

 

Equity Swap

 

 

N/A

 

 

25 July 2017

 

 

N/A

 

 

1,341,613

Nominal

Delta

0.22%

-

 

Equity Swap

 

N/A

 

01 July 2018

 

N/A

 

1,092,320

Nominal

Delta

0.18%

-

 

Equity Swap

 

N/A

 

02 July 2018

 

N/A

 

483,062

Nominal

Delta

0.08%

-

 

Equity Swap

 

N/A

 

11 July 2018

 

N/A

 

7,235,987

Nominal

Delta

1.19%

-

 

Equity Swap

 

N/A

 

25 July 2018

 

N/A

 

7,301,614

Nominal

Delta

1.20%

-

 

Equity Swap

 

N/A

 

08 August 2018

 

N/A

 

380,407

Nominal

Delta

0.06%

-

 

Equity Swap

 

N/A

 

02 November 2018

 

N/A

 

46,567,293

Nominal

Delta

 

7.65%

 

-

 

Equity Swap

 

N/A

 

01 July 2019

 

N/A

 

1,403,464

Nominal

Delta

 

0.23%

 

-

 

Total (A+B+C)

Number of voting rights

Percentage of voting rights

97,670,816

16.04%

                             
 

 

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

 

Parvus Asset Management Europe Limited is controlled by Parvus Asset Management Limited and Oakentree Limited.

Parvus Asset Management Limited is in turn controlled by Parvus Asset Management (Cayman) Limited, which is controlled by Edoardo Mercadante.

Oakentree Limited is in turn controlled by Mads Gensmann.

Messrs Mercadante and Gensmann are directors of Parvus Asset Management Europe Limited, which under the terms of the various investment management agreements, holds the power to vote on any physical shareholdings held by the funds and managed accounts.

 

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:

Angus Milne

15. Contact telephone number:

+44 (0) 207 440 2330

     

 

 

 

 

 

 

 

 

 

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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