Action Hotels PLC Holding(s) in Company (4673Z)

TIDMAHCG TIDMLGEN

RNS Number : 4673Z

Action Hotels PLC

14 March 2017

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES 
---------------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or                                         ACTION HOTELS PLC 
  the underlying issuer 
  of existing shares to which 
  voting rights are 
  attached: 
------------------------------------------------------------  -------------------------------- 
 2. Reason for the notification (please tick the appropriate 
  box or boxes): 
---------------------------------------------------------------------------------------------- 
 An acquisition or disposal of voting rights                                  Yes 
---------------------------------------------------------------  ----------------------------- 
 
   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)                                       Legal & General Group Plc 
  subject to the                                                          (Group) 
  notification obligation:                                      Legal & General (Unit Trust 
                                                                  Managers) Limited (UTM) 
                                                                 Legal & General Investment 
                                                                 Management Limited (LGIM) 
----------------------------------------------------------  ---------------------------------- 
 4. Full name of shareholder(s)                                             N/A 
  (if different from 3.): 
----------------------------------------------------------  ---------------------------------- 
                                                                       13 March 2017 
   5. Date of the transaction 
   and date on 
   which the threshold is 
   crossed or 
   reached: 
----------------------------------------------------------  ---------------------------------- 
 6. Date on which issuer                                               14 March 2017 
  notified: 
----------------------------------------------------------  ---------------------------------- 
 7. Threshold(s) that is/are 
  crossed or 
  reached:                                                       LGIM (Above 5%) UTM (Above 
                                                                             5%) 
----------------------------------------------------------  ---------------------------------- 
 
 
 
 8. Notified details: 
---------------------------------------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares 
---------------------------------------------------------------------------------------------------------------------------------------------------- 
 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 of voting          % of voting 
                                           of                            of                                     rights                  rights 
                                         Shares                        Voting 
                                                                       Rights 
----------------------------  ----------------------------  --------------------------                -------------------------  ------------------- 
                                                                                           Number        Direct       Indirect    Direct    Indirect 
                                                                                          of shares 
----------------------------    --------------------------   -------------------------  ------------  ------------  -----------  --------  --------- 
 
                                                         LGIM 
 
                                                  First Notification 
                                                   Under DTR Source 
 ORD GBP0.10                                             Book                             7,763,720         -         7,763,720      -       5.25% 
----------------------------  --------------------------------------------------------  ------------  ------------  -----------  --------  --------- 
 
                                           UTM 
 
                                    First Notification 
                                     Under DTR Source 
                                           Book                                           7,763,720         -        7,763,720       -       5.25% 
 --------------------------------------------------------                               ------------  ------------  -----------  --------  --------- 
 
 B: Qualifying Financial Instruments 
---------------------------------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------------------------------------- 
                                                                                                       Number of voting 
   Type of financial               Expiration                   Exercise/                               rights that                 % of voting 
   instrument                      date                         Conversion                              may be                      rights 
                                                                Period                                  acquired if 
                                                                                                        the 
                                                                                                        instrument 
                                                                                                        is 
                                                                                                        exercised/ 
                                                                                                        converted. 
------------------------------  ---------------------------  ---------------------------------------  -------------------------  ------------------- 
 
 
 C: Financial Instruments with similar economic effect 
  to Qualifying Financial Instruments 
---------------------------------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------------------------------------- 
 
   Type of financial              Exercise                    Expiration                  Exercise/     Number of      % of voting 
   instrument                     price                       date                        Conversion    voting         rights 
                                                                                          period        rights 
                                                                                                        instrument 
                                                                                                        refers to 
-----------------------------  ---------------------------  --------------------------  ------------  ------------  -------------------------------- 
                                                                                                                           Nominal           Delta 
-----------------------------  ---------------------------  --------------------------  ------------  ------------  ---------------------  --------- 
 
 
 Total (A+B+C) 
---------------------------------------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                                                 Percentage of voting rights 
--------------------------------------------------------------------------------------  ------------------------------------------------------------ 
 
 
                                                                          LGIM 
 
                                                                      (7,763,720)                                   5.25% 
--------------------------------------------------------------------------------------  ------------------------------------------------------------ 
 
                                           UTM 
 

                                       (7,763,720)                                                                  5.25% 
--------------------------------------------------------------------------------------  ------------------------------------------------------------ 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
-------------------------------------------------------------------------------------------------------------------- 
                                                                               Legal & General Group Plc (Direct and 
                                                                              Indirect) (Group) ( 7,763,720 -5.25% = 
                                                                                                     Total Position) 
                                                                               Legal & General Investment Management 
                                                                              (Holdings) Limited (LGIMH) (Direct and 
                                                                                               Indirect) ( 7,763,720 
                                                                                           - 5.25% = Total Position) 
                                                                               Legal & General Investment Management 
                                                                             Limited (Indirect) (LGIM) ( 7,763,720 - 
                                                                                                       5.25% = Total 
                                                                                                           Position) 
                                                                               Legal & General (Unit Trust Managers) 
                                                                                  Limited ( 7,763,720 - 5.25% = UTM) 
                                                                            Legal & General Group Plc (Direct) (L&G) 
                              Legal & General Investment Management       Legal & General Insurance Holdings Limited 
                                                  (Holdings) Limited (Direct) (LGIMHD)        (Direct) (LGIH) (LGAS) 
                               Legal & General Assurance (Pensions         Legal & General Assurance Society Limited 
                                                                  Management) Limited (PMC)                   (LGAS) 
 
 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: 
-----------------------------------------------------------------------------  ------------------------------------- 
 
                                                                                    Notification using the total 
  13. Additional information:                                                    voting rights figure of 147,637,195 
-----------------------------------------------------------------------------  ------------------------------------- 
 14. Contact name:                                                                     Victoria Davies (LGIM) 
-----------------------------------------------------------------------------  ------------------------------------- 
 15. Contact telephone number:                                                             029 2035 4147 
-----------------------------------------------------------------------------  ------------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

HOLGGUBPWUPMGQC

(END) Dow Jones Newswires

March 14, 2017 12:30 ET (16:30 GMT)