Perform Group PLC Notification of major interest in shares (6014W)

TIDMPER

RNS Number : 6014W

Perform Group PLC

10 November 2014

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
-------------------------------------------------- 
 
 
 
 1. Identity of the issuer or the underlying          Perform Group Plc 
  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                                            X 
----------------------------------------------------------------------------------  -------- 
 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) subject           (1) Premium TV Group Limited 
  to the                                      (2) Access Media, L.P. 
  notification obligation: (iii)              (3) Access Media GP, L.P. 
                                              (4) Access Media (US), LLC 
                                              (5) Access Industries Holdings, LLC 
                                              (6) Access Industries, LLC 
                                              (7) AI PG LLC 
                                              (8) AI Value Holdings, LLC 
                                              (9) Len Blavatnik 
------------------------------------------  ------------------------------------------------ 
 4. Full name of shareholder(s)              HSBC Client Holdings Nominee (UK) Limited 
  (if different from 3.):(iv)                 Pershing Nominees Limited 
------------------------------------------  ------------------------------------------------ 
 5. Date of the transaction and date         7 November 2014 
  on 
  which the threshold is crossed 
  or 
  reached: (v) 
------------------------------------------  ------------------------------------------------ 
 6. Date on which issuer notified:           10 November 2014 
------------------------------------------  ------------------------------------------------ 
 7. Threshold(s) that is/are crossed         Persons (7)-(8) above: 34% 
  or                                          Person (9) above: 77% 
  reached: (vi, vii) 
------------------------------------------  ------------------------------------------------ 
 
 
 
 8. Notified details: 
------------------------------------------------------------------------------------------------------------------------ 
 A: Voting rights attached to shares (viii, ix) 
------------------------------------------------------------------------------------------------------------------------ 
 Class/type      Situation previous                  Resulting situation after the triggering 
 of               to the triggering                   transaction 
 shares           transaction 
 
 if possible 
 using 
 the ISIN CODE 
--------------  ----------------------------------  -------------------------------------------------------------------- 
                 Number          Number              Number        Number of voting           % of voting rights 
                  of              of                  of shares     rights                     (x) 
                  Shares          Voting 
                                  Rights 
--------------  --------------  ------------------  ------------  -------------------------  --------------------------- 
                                                     Direct        Direct          Indirect   Direct         Indirect 
                                                                    (xi)            (xii) 
--------------  -----  -------  ------  -----  ---  ------------  --------------  ---------  -------------  ------------ 
 ORDINARY 
  SHARES 
  OF 2 7/9 
  PENCE 
  GB00B3M55Q47   192,640,361     192,640,361         203,092,806   203,092,806                77.08% 
--------------  --------------  ------------------  ------------  --------------  ---------  -------------  ------------ 
 
 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. 
---------------------  ---------------  -------------------------------  ---------------------------  ------------------ 
 
 
 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 rights 
  financial       price           date (xvii)    Conversion         rights instrument              (xix, xx) 
  instrument                                     period             refers to 
                                                 (xviii) 
--------------  --------------  -------------  -----------------  -----------------------------  ----------------------- 
                                                                                                  Nominal     Delta 
--------------  --------------  -------------  -----------------  -----------------------------  ----------  ----------- 
 
 
 Total (A+B+C) 
------------------------------------------------------------------------------------------------------------------------ 
 Number of voting rights                                           Percentage of voting rights 
----------------------------------------------------------------  ------------------------------------------------------ 
 203,092,806                                                       77.08%* 
----------------------------------------------------------------  ------------------------------------------------------ 
 
 

*112,052,464 shares (42.53%) are held directly by HSBC Client Holdings Nominee (UK) Limited as nominee and indirectly by each of Premium TV Group Limited, Access Media, L.P., Access Media GP, L.P., Access Media (US), LLC, Access Industries Holdings, LLC, Access Industries, LLC and Len Blavatnik.

*91,040,342 shares (34.55%) are held indirectly by each of AI PG LLC, AI Value Holdings, LLC and Len Blavatnik either through Pershing Nominees Limited as nominee or as a result of acceptances of AI PG LLC's takeover offer for Perform Group plc.

 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the 
  financial instruments are effectively held, if applicable: (xxi) 
------------------------------------------------------------------------------------- 
 
   Premium TV Group Limited is controlled by Access Media, L.P. Access Media 
   GP, L.P. is the general partner of Access Media, L.P. Access Media (US), 
   LLC is the general partner of Access Media GP, L.P. Access Media (US), 
   LLC is controlled by Access Industries Holdings, LLC. Access Industries 
   Holdings, LLC is controlled by Access Industries, LLC which is in turn 
   indirectly controlled by Len Blavatnik. 
 
   AI PG LLC is controlled by AI Value Holdings, LLC, which is in turn indirectly 
   controlled by Len Blavatnik. 
 
 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:                 N/A 
------------------------------------------  ----------------------------------------- 
 14. Contact name:                           Anastasia de Reuck 
------------------------------------------  ----------------------------------------- 
 15. Contact telephone number:               Access Industries (UK) Limited 
                                              [phone] 
------------------------------------------  ----------------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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