AA PLC Holding(s) in Company (1290V)

TIDMAA.

RNS Number : 1290V

AA PLC

25 January 2017

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
-------------------------------------------------- 
 
 
 
 1. Identity of the issuer or                                AA Plc 
  the underlying issuer 
  of existing shares to which 
  voting rights are 
  attached: (ii) 
----------------------------------------------------------  -------------------------------------- 
 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 
-------------------------------------------------------------  ----------------------------------- 
 An event changing the breakdown of voting rights 
-------------------------------------------------------------  ----------------------------------- 
 Other (please 
  specify): 
----------------------------------------------------  -------  ----------------------------------- 
 3. Full name of person(s)                               Parvus Asset Management Europe 
  subject to the                                          Limited 
  notification obligation: 
  (iii) 
------------------------------------------------------  ------------------------------------------ 
 4. Full name of shareholder(s)                          Parvus Asset Management Europe 
  (if different from 3.):(iv)                             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                              23 January 2017 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
------------------------------------------------------  ------------------------------------------ 
 6. Date on which issuer                                 25 January 2017 
  notified: 
------------------------------------------------------  ------------------------------------------ 
 7. Threshold(s) that is/are                             Going above 18% aggregated 
  crossed or                                              interest 
  reached: (vi, vii) 
------------------------------------------------------  ------------------------------------------ 
 
 
 
 8. Notified details: 
---------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares (viii, ix) 
---------------------------------------------------------------------------------------------------------------------- 
 Class/type      Situation previous                   Resulting situation after the 
  of              to the triggering                    triggering transaction 
  shares          transaction 
 
  if possible 
  using 
  the ISIN 
  CODE 
--------------  -----------------------------------  ----------------------------------------------------------------- 
                 Number              Number           Number          Number of               % of voting 
                  of                  of               of shares       voting                  rights (x) 
                  Shares              Voting                           rights 
                                      Rights 
--------------  ------------------  ---------------  --------------  ----------------------  ------------------------- 
                                                      Direct          Direct       Indirect   Direct        Indirect 
                                                                       (xi)         (xii) 
--------------      --------------    -------------  --------------  -----------  ---------  ------------  ----------- 
 
 
  GB00BMSKPJ95   40,537,653          40,537,653       40,794,802      40,794,802              6.69% 
                ------------------  ---------------  --------------  -----------  ---------  ------------  ----------- 
 
 
 B: Qualifying Financial Instruments 
---------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------- 
 Type of financial   Expiration        Exercise/                      Number of voting            % of voting 
  instrument          date              Conversion                     rights that                 rights 
                      (xiii)            Period (xiv)                   may be 
                                                                       acquired if 
                                                                       the 
                                                                       instrument 
                                                                       is 
                                                                       exercised/ 
                                                                       converted. 
------------------  ----------------  -----------------------------  --------------------------  --------------------- 
 
 
 C: Financial Instruments with similar economic effect 
  to Qualifying Financial Instruments (xv, xvi) 
---------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------- 
 Type of           Exercise          Expiration         Exercise/     Number of                 % of voting 
 financial          price             date (xvii)        Conversion    voting rights             rights (xix, 
 instrument                                              period        instrument                xx) 
                                                         (xviii)       refers to 
----------------  ----------------  -----------------  ------------  ------------------------  ----------------------- 
                                                                                                Nominal       Delta 
--------------                                         ------------  -----------               ------------  --------- 
                                     02 July 
 Equity Swap       N/A                2018              N/A           483,062                   0.08%         - 
----------------  ----------------  -----------------  ------------  ------------------------  ------------  --------- 
                                                                                                Nominal       Delta 
--------------                                         ------------  -----------               ------------  --------- 
                                     11 July 
 Equity Swap       N/A                2018              N/A           8,328,307                 1.37%         - 
----------------  ----------------  -----------------  ------------  ------------------------  ------------  --------- 
                                                                                                Nominal       Delta 
--------------                                         ------------  -----------               ------------  --------- 
                                     08 August 
 Equity Swap       N/A                2018              N/A           380,407                   0.06%         - 
----------------  ----------------  -----------------  ------------  ------------------------  ------------  --------- 
                                                                                                Nominal       Delta 
--------------                                         ------------  -----------               ------------  --------- 
                                     31 October 
 Equity Swap       N/A                2018              N/A           513,229                   0.08%         - 
----------------  ----------------  -----------------  ------------  ------------------------  ------------  --------- 
                                                                                                Nominal       Delta 
--------------                                         ------------  -----------               ------------  --------- 
                                     21 November 
 Equity Swap       N/A                2018              N/A           513,136                   0.08%         - 

----------------  ----------------  -----------------  ------------  ------------------------  ------------  --------- 
                                                                                                Nominal       Delta 
--------------                                         ------------  -----------               ------------  --------- 
                                     04 December 
 Equity Swap       N/A                2017              N/A           58,842,310                9.65%         - 
----------------  ----------------  -----------------  ------------  ------------------------  ------------  --------- 
 
 Total (A+B+C) 
---------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                Percentage of voting rights 
-----------------------------------------------------  --------------------------------------------------------------- 
 109,855,253                                            18.02% 
-----------------------------------------------------  --------------------------------------------------------------- 
 
 
 
 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                        N/A 
  holder will cease to hold: 
-------------------------------------------------------  --------------------- 
 12. Date on which proxy holder will                      N/A 
  cease to hold voting rights: 
-------------------------------------------------------  --------------------- 
 
 
  13. Additional information:                              N/A 
-------------------------------------------------------  --------------------- 
 14. Contact name:                                        Angus Milne 
-------------------------------------------------------  --------------------- 
 15. Contact telephone number:                            [phone] 
-------------------------------------------------------  --------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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January 25, 2017 10:40 ET (15:40 GMT)