BBA Aviation PLC Holding(s) in Company (4857D)

TIDMBBA

RNS Number : 4857D

BBA Aviation PLC

26 October 2015

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES (i) 
 
 
 1. Identity of the issuer or the underlying 
  issuer of existing shares to which voting 
  rights are attached: ii                                                                             BBA AVIATION PLC 
---------------------------------------------------  ----------------------------------------------------------------- 
 2 Reason for the notification (please tick the appropriate box or boxes): 
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   An acquisition or disposal of voting rights 
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 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                                                                   X 
-----------------------------------------------------------------------------------------------------  --------------- 
 
   An event changing the breakdown of voting rights 
-----------------------------------------------------------------------------------------------------  --------------- 
 Other (please specify): 
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   3. Full name of person(s) subject 
   to the notification obligation: iii                                     12 WEST CAPITAL MANAGEMENT LP 
----------------------------------------  ---------------------------------------------------------------------------- 
 
 
    4. Full name of shareholder(s) 
    (if different from 3.):iv                                                                                      N/A 
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 5. Date of the transaction and date 
  on                                                                                                    22 OCTOBER 
  which the threshold is crossed or                                                                     2015 
  reached: v 
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   6. Date on which issuer notified:                                                                    23 OCTOBER 
                                                                                                        2015 
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 7. Threshold(s) that is/are crossed 
  or reached: vi, vii                                                       5 PER CENT THRESHOLD CROSSED 
----------------------------------------  ---------------------------------------------------------------------------- 
 
 
 
 8. Notified details: 
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 A: Voting rights attached to shares viii, ix 
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 Class/type of        Situation previous        Resulting situation after the triggering 
  shares               to the triggering         transaction 
                       transaction 
  if possible using 
  the ISIN CODE 
-------------------  ------------------------  ----------------------------------------------------------- 
                      Number       Number       Number       Number of voting        % of voting rights 
                       of Shares    of Voting    of shares    rights                  x 
                                    Rights 
-------------------  -----------  -----------  -----------  ----------------------  ---------------------- 
 
                                                  Direct       Direct     Indirect     Direct     Indirect 
                                                               xi         xii 
-------------------  -----------  -----------  -----------  ---------  -----------  ---------  ----------- 
 
   N/A 
-------------------  -----------  -----------  -----------  ---------  -----------  ---------  ----------- 
 
 
 
   B: Qualifying Financial Instruments 
---------------------------------------------------------------------------------------------- 
 
   Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------- 
 Type of financial   Expiration   Exercise/            Number of voting            % of voting 
  instrument          date xiii    Conversion Period    rights that may             rights 
                                   xiv                  be acquired if the 
                                                        instrument is exercised/ 
                                                        converted. 
------------------  -----------  -------------------  --------------------------  ------------ 
 
 
   N/A 
------------------  -----------  -------------------  --------------------------  ------------ 
 
 
 C: Financial Instruments with similar economic effect to Qualifying Financial 
  Instruments 
  xv, xvi 
----------------------------------------------------------------------------------------------------------- 
 
   Resulting situation after the triggering transaction 
----------------------------------------------------------------------------------------------------------- 
 Type of financial     Exercise    Expiration    Exercise/        Number of voting     % of voting rights 
  instrument            price       date xvii     Conversion       rights               xix, 
                                                  period xviii     instrument refers    xx 
                                                                   to 
--------------------  ----------  ------------  ---------------  -------------------  --------------------- 
 
                                                                                         Nominal      Delta 
--------------------  ----------  ------------  ---------------  -------------------  -----------  -------- 
 Cash settled 
  swap (12 West                     12 
  Capital Fund                       November 
  LP)                                2015                          15,040,471             3.210% 
--------------------------------   -----------------------------  -------------------  -----------  -------- 
 
   Cash settled 
   swap (12 West                      12 
   Capital Offshore                   November 
   Fund LP)                           2015                           8,651,849            1.846% 
--------------------------------   -----------------------------  -------------------  -----------  -------- 
 
 
 
   Total (A+B+C) 
------------------------------------------------------ 
 Number of voting rights   Percentage of voting rights 
------------------------  ---------------------------- 
 
   23,692,320                5.056% 
------------------------  ---------------------------- 
 

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi

12 WEST CAPITAL MANAGEMENT LP SERVES AS THE INVESTMENT MANAGER TO 12 WEST CAPITAL FUND LP AND 12 WEST CAPITAL OFFSHORE FUND LP (TOGETHER, THE "FUNDS") AND POSSESSES FULL INVESTMENT DISCRETION IN RESPECT OF THE FINANCIAL INSTRUMENTS HAVING SIMILAR ECONOMIC EFFECT TO QUALIFYING FINANCIAL INSTRUMENTS WHICH ARE HELD BY THE FUNDS AND ARE THE SUBJECT OF THIS NOTIFICATION.

12 WEST CAPITAL MANAGEMENT, LLC IS THE GENERAL PARTNER OF 12 WEST CAPITAL MANAGEMENT LP AND JOEL RAMIN IS THE SOLE MEMBER OF 12 WEST CAPITAL MANAGEMENT, LLC.

 
 Proxy Voting: 
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   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:                                                                 N/A 
---------------------------------  --------------------------------------------------------------- 
 
   14. Contact name:                                       James Gilmore, Chief Compliance Officer 
---------------------------------  --------------------------------------------------------------- 
 
   15. Contact telephone number:                                                   [phone] 
---------------------------------  --------------------------------------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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October 26, 2015 13:51 ET (17:51 GMT)