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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Apr Energy | LSE:APR | London | Ordinary Share | GB00B58D4C52 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 174.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMAPR
RNS Number : 5148M
APR Energy PLC
21 January 2016
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION
FOR IMMEDIATE RELEASE
21 January 2016
Recommended Cash Offer for APR Energy plc ("APR Energy")
By
Apple Bidco Limited ("Bidco"), an entity jointly controlled by Fairfax Financial Holdings Limited
("Fairfax"), ACON Equity Management, LLC ("ACON") and Albright Capital Management LLC
("ACM") (together the "Joint Bidders")
Notification of Acquisition of Major Proportion of Voting Rights
APR Energy announces that it has received the following notification from Bidco, notifying APR Energy that it has, as at 19 January 2016, acquired 61,344,953 ordinary shares of APR Energy carrying 65.08% of the total voting rights of APR Energy.
Enquiries:
APR Energy plc + 1 904 223 8488
Lee Munro (investors) + 1 904 404 4576
Manisha Patel (investors) + 1 904 517 5135
Alan Chapple (media) + 1 904 223 2277
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 1. Identity of the issuer or APR Energy 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 -------------------------------------------------------------- ----------------------- 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) Apple Bidco Limited subject to the notification obligation: (iii) ------------------------------------------------------------- ------------------------ 4. Full name of shareholder(s) (if different from 3.):(iv) ------------------------------------------------------------- ------------------------ 5. Date of the transaction 18 and 19 January 2016 and date on which the threshold is crossed or reached: (v) ------------------------------------------------------------- ------------------------ 6. Date on which issuer 20 January 2016 notified: ------------------------------------------------------------- ------------------------ 7. Threshold(s) that is/are crossed or reached: (vi, vii) 65.08 % ------------------------------------------------------------- ------------------------ 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) ------------- ------------ ------------- -------------- --------- ------------ ------------ ----------- Apple Bidco Limited Ordinary Shares ISIN: GB00B58D4C52 59,773,009 63.41 61,344,953 65.08 ------------- ---------------- ----------------- -------------- --------- ------------ ------------ ----------- B: Qualifying Financial Instruments ---------------------------------------------------------------------------------------------------------------------- Resulting situation after the triggering transaction ---------------------------------------------------------------------------------------------------------------------- Type of Expiration Exercise/ Number of voting % of voting financial date Conversion rights that rights instrument (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 ---------------------------------------------------- ---------------------------------------------------------------- 61,344,953 65.08 ---------------------------------------------------- ---------------------------------------------------------------- 9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: (xxi) ----------------------------------------------------------------------------------------- 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: Ondra Partners (financial adviser) Cassandre Danoux, Robert Hingley ------------------------------------------------------------- -------------------------- 15. Contact telephone number: +44 (0) 20 7082 8750 ------------------------------------------------------------- --------------------------
This information is provided by RNS
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January 21, 2016 02:00 ET (07:00 GMT)
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