Millennium & Copthorne Hotels PLC Disclosure of Interests in Shares (9706B)

TIDMMLC

RNS Number : 9706B

Millennium & Copthorne Hotels PLC

07 April 2017

 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
----------------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or                                            MILLENNIUM & COPTHORNE 
  the underlying issuer                                                              HOTELS PLC 
  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                                Yes 
----------------------------------------------------------  ----------------------------------- 
 An acquisition or disposal of qualifying financial                          No 
  instruments which may result in the acquisition 
  of shares already issued to which voting rights 
  are attached 
----------------------------------------------------------  ----------------------------------- 
 An acquisition or disposal of instruments with                              No 
  similar economic effect to qualifying financial 
  instruments 
----------------------------------------------------------  ----------------------------------- 
 An event changing the breakdown of voting rights                            No 
----------------------------------------------------------  ----------------------------------- 
 Other (please                                                               No 
  specify): 
--------------------------------------------------------    ----------------------------------- 
 3. Full name of person(s)                                  International Value Advisers, 
  subject to the                                             LLC, an investment adviser 
  notification obligation:                                   registered with the US Securities 
  (iii)                                                      and Exchange Commission. 
---------------------------------------------------------  ------------------------------------ 
 4. Full name of shareholder(s)                             See section 9. 
  (if different from 3.):(iv) 
---------------------------------------------------------  ------------------------------------ 
 5. Date of the transaction                                 04 April 2017 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
---------------------------------------------------------  ------------------------------------ 
 6. Date on which issuer                                    07 April 2017 
  notified: 
---------------------------------------------------------  ------------------------------------ 
 7. Threshold(s) that is/are 
  crossed or 
  reached: (vi, vii)                                        7% 
---------------------------------------------------------  ------------------------------------ 
 
 
 
 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 shares       rights                   rights (x) 
                 Shares            Voting 
                                   Rights 
-------------  ----------------  -----------------  --------------  -----------------------  ------------------------- 
                                                     Direct          Direct     Indirect      Direct        Indirect 
                                                                     (xi)        (xii) 
-------------      ------------    -------------    --------------  ---------  ------------  ------------  ----------- 
 GB0005622542   22,694,799        6.98859%           22,833,326                 22,833,326                  7.03125% 
               ----------------  -----------------  --------------  ---------  ------------  ------------  ----------- 
 
 
 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 
----------------------------------------------------  ---------------------------------------------------------------- 
 22,833,326                                            7.03125% 
----------------------------------------------------  ---------------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
--------------------------------------------------------------------------------- 
                       International Value Advisers, LLC ("IVA") is an investment 
                         adviser registered with the U.S. Securities and Exchange 
                             Commission under the U.S. Investment Advisers Act of 
                           1940. As such, pursuant to advisory contracts, IVA has 
                              the power to purchase and sell securities on behalf 
                           of its clients and the power to vote for most clients. 
                     Persons other than IVA are entitled to receive all dividends 
                      from, and proceeds from the sale of all securities reported 
                                                                       hereunder. 
 
 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:                                                Ericia C Gray 
---------------------------------------------------------------  ---------------- 
 15. Contact telephone number:                                    [phone] 
---------------------------------------------------------------  ---------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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April 07, 2017 10:02 ET (14:02 GMT)