Avation PLC NOTIFICATION OF MAJOR INTEREST IN SHARES (3804M)

TIDMAVAP

RNS Number : 3804M

Avation PLC

12 October 2016

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
-------------------------------------------------- 
 
 
 
 1. Identity of the issuer or                                                          AVATION 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                                              Change in Outstanding Shares         X 
  specify): 
---------------------------------------------------------  ----------------------------------- 
 3. Full name of person(s)                                            OCEANWOOD CAPITAL MANAGEMENT 
  subject to the                                                                               LLP 
  notification obligation: 
  (iii) 
-----------------------------------------------------------  ------------------------------------- 
 4. Full name of shareholder(s)                                     OCEANWOOD OPPORTUNITIES MASTER 
  (if different from 3.):(iv)                                                                 FUND 
-----------------------------------------------------------  ------------------------------------- 
 5. Date of the transaction                                                    11(th) October 2016 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-----------------------------------------------------------  ------------------------------------- 
 6. Date on which issuer                                                       12(th) October 2016 
  notified: 
-----------------------------------------------------------  ------------------------------------- 
 7. Threshold(s) that is/are                                                          Crossing 25% 
  crossed or 
  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) 
-------------      -----------    -----------    -------------  -------------  ------------  ------------  ----------- 
 Ord GBP 
 Shares ISIN: 
 GB00B196F554   14,427,188       14,427,188       14,427,188     14,427,188                   24.48% 
               ---------------  ---------------  -------------  -------------  ------------  ------------  ----------- 
 
 
 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 
-------------------------------------------------  ------------------------------------------------------------------- 
 14,427,188                                         24.48% 
-------------------------------------------------  ------------------------------------------------------------------- 
 
 
 
 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:                                              Stephan Michaels 
-------------------------------------------------------------  ----------------- 
 15. Contact telephone number:                                    [phone] 
-------------------------------------------------------------  ----------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

HOLUURORNKARAAA

(END) Dow Jones Newswires

October 12, 2016 09:11 ET (13:11 GMT)