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BIFF Biffa Plc

410.00
0.00 (0.00%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Biffa Plc LSE:BIFF London Ordinary Share GB00BD8DR117 ORD GBP0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 410.00 409.80 410.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Biffa plc Holding(s) in Company (5642R)

12/12/2016 9:44am

UK Regulatory


TIDMBIFF

RNS Number : 5642R

Biffa plc

12 December 2016

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
-------------------------------------------------- 
 
 
 
 1. Identity of the issuer or                                                                 Biffa 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                                    X 
------------------------------------------------------------------  ----------------------------------- 
 Other (please 
  specify): 
---------------------------------------------------------  -------  ----------------------------------- 
 3. Full name of person(s)                                                  Avenue Europe International 
  subject to the                                                                       Management, L.P. 
  notification obligation: 
  (iii) 
-----------------------------------------------------------  ------------------------------------------ 
 4. Full name of shareholder(s)                                                         Record Holders: 
  (if different from 3.):(iv)                                             GL Europe Luxembourg S.a.r.l. 
                                                                            GL Europe (Jersey) S.a.r.l. 
                                                                                     Beneficial Owners: 
                                                                         Avenue - COPPERS Opportunities 
                                                                                             Fund, L.P. 
                                                                            Avenue Europe Opportunities 
                                                                                      Master Fund, L.P. 
                                                                      Avenue-SLP European Opportunities 
                                                                                             Fund, L.P. 
                                                                       Avenue Europe Special Situations 
                                                                                   Fund II (Euro), L.P. 
                                                                       Avenue Europe Special Situations 
                                                                                     Fund II (US), L.P. 
                                                                       Avenue ASRS Europe Opportunities 
                                                                                             Fund, L.P. 
                                                                       Avenue Europe Special Situations 
                                                                                  Fund III (Euro), L.P. 
                                                                       Avenue Europe Special Situations 
                                                                                    Fund III (US), L.P. 
-----------------------------------------------------------  ------------------------------------------ 
 5. Date of the transaction                                                            December 7, 2016 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-----------------------------------------------------------  ------------------------------------------ 
 6. Date on which issuer                                                               December 9, 2016 
  notified: 
-----------------------------------------------------------  ------------------------------------------ 
 7. Threshold(s) that is/are                                                 No threshold crossed since 
  crossed or                                                              last notification on November 
  reached: (vi, vii)                                                        22, 2016. Ownership remains 
                                                                                             above 17%. 
-----------------------------------------------------------  ------------------------------------------ 
 
 
 
 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 voting            % of voting 
                  of                          of               of           rights                      rights (x) 
                  Shares                      Voting           shares 
                                              Rights 
--------------  --------------------------  ----------------  ----------  --------------------------  -------------------- 
                                                               Direct      Direct       Indirect       Direct     Indirect 
                                                                           (xi)          (xii) 
--------------      ---------  -----------      ------------  ----------  -----------  -------------  ---------  --------- 
 
  GB00BD8DR117          38,811,732             38,811,732          -           -         38,811,732               15.52% 
                --------------------------  ----------------  ----------  -----------  -------------  ---------  --------- 
 
 
 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. 
------------------  ------------------------  ----------------------------  --------------------------  ------------------ 
        N/A                    N/A                         N/A                          N/A                     N/A 
------------------  ------------------------  ----------------------------  --------------------------  ------------------ 
 
 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) 
----------------  -----------  ---------------  --------------  -----------------------  --------------------------------- 
 Contracts            N/A            N/A              N/A                                 Nominal                 Delta 
  for Difference 
  (CfD) 
----------------  -----------  ---------------  --------------  --------                 ----------------------  --------- 
                                                                       4,438,972                                  1.78% 
--------------      ---------  -----------      ------------    -----------------------  ----------------------  --------- 
 
 Total (A+B+C) 
-------------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                         Percentage of voting rights 
--------------------------------------------------------------  ---------------------------------------------------------- 
 43,250,704                                                      17.30% 
--------------------------------------------------------------  ---------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
---------------------------------------------------------------- 
 
   The voting rights and financial instruments are held 
   by GL Europe Luxembourg S.a.r.l. and GL Europe (Jersey) 
   S.a.r.l. (the record holders), entities that are wholly 
   owned by certain funds listed in Item 4 which are managed 
   by Avenue Europe International Management, L.P. 
 
 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: 
--------------------------------------------------------  ------ 
 
 
  13. Additional information:                                N/A 
------------------------------------------------------  -------- 
 14. Contact name:                                           N/A 
------------------------------------------------------  -------- 
 15. Contact telephone number:                               N/A 
------------------------------------------------------  -------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

HOLTTBLTMBIBMTF

(END) Dow Jones Newswires

December 12, 2016 04:44 ET (09:44 GMT)

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