AFI Development PLC Holding(s) in Company (4397J)

TIDMAFRB TIDMAFID

RNS Number : 4397J

AFI Development PLC

09 September 2016

 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
---------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or                                  AFI DEVELOPMENT 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                            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)                                              Lev Leviev 
  subject to the                                                  Flotonic Limited 
  notification obligation: 
  (iii) 
-----------------------------------------------------------  --------------------- 
 4. Full name of shareholder(s) 
  (if different from 3.):(iv) 
-----------------------------------------------------------  --------------------- 
 5. Date of the transaction                                       7 SEPTEMBER 2016 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-----------------------------------------------------------  --------------------- 
 6. Date on which issuer                                          8 SEPTEMBER 2016 
  notified: 
-----------------------------------------------------------  --------------------- 
 7. Threshold(s) that is/are 
  crossed or 
  reached: (vi, vii)                                                           50% 
-----------------------------------------------------------  --------------------- 
 
 
 
 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) 
--------------      ------------    ------------    --------------  ---------  ------------  ------------  ----------- 
 
 GDRS 
 REPRESENTING 
 A ORDINARY 
 SHARES (ISIN 
 US00106J2006)   336,948,796       336,948,796                                  336,948,796                 32.16% 
--------------  ----------------  ----------------  --------------  ---------  ------------  ------------  ----------- 
 B ORDINARY 
 SHARES (ISIN 
 CY0101380612)   342,799,658       342,799,658                                  342,799,658                 32.72% 
--------------  ----------------  ----------------  --------------  ---------  ------------  ------------  ----------- 
 
 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 voting             % of voting 
 financial          price          date            Conversion       rights instrument            rights (xix, 
 instrument                        (xvii)          period           refers to                    xx) 
                                                   (xviii) 
----------------  --------------  --------------  --------------  ---------------------------  ----------------------- 
                                                                                                Nominal       Delta 
----------------  --------------  --------------  --------------  ---------------------------  ------------  --------- 
 
 
 Total (A+B+C) 
---------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                           Percentage of voting rights 
----------------------------------------------------------------  ---------------------------------------------------- 
 679,748,454                                                       64.88% 
----------------------------------------------------------------  ---------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
------------------------------------------------------------------------------ 
 
                          The voting rights are held through Flotonic Limited, 
                                                      100% owned by Lev Leviev 
 
 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:                                                  Lev Leviev 
-------------------------------------------------------------  --------------- 
 15. Contact telephone number:                                  [phone] 
-------------------------------------------------------------  --------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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September 09, 2016 05:47 ET (09:47 GMT)