Premier Technical Services Grp PLC Holding(s) in Company (0521C)

TIDMPTSG

RNS Number : 0521C

Premier Technical Services Grp PLC

10 April 2017

 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
-------------------------------------------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or                                                                   Premier Technical Services 
  the underlying issuer                                                                                          Group 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                                                                    Change in Ownership of             No 
  specify):                                                                       Shareholder 
-----------------------------------------------------  ---------------------------------------------------------  -------- 
 3. Full name of person(s)                                                  First Pacific Advisors, LLC 
  subject to the 
  notification obligation: 
  (iii) 
------------------------------------------------------  ------------------------------------------------------------------ 
 4. Full name of shareholder(s) 
  (if different from 3.):(iv)                                   *    FPA Global Opportunity Fund (a series of FPA Hawkeye 
                                                                     Fund, LLC0 
 
 
                                                                *    FPA Value Partners Fund (series of FPA Hawkeye Fund, 
                                                                     LLC) 
------------------------------------------------------  ------------------------------------------------------------------ 
 5. Date of the transaction                              06 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)                                     18.1% 
------------------------------------------------------  ------------------------------------------------------------------ 
 
 
 
 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) 
--------------      ------------    ------------    --------------  ---------  ------------  ------------  ----------- 
 
 
 
  GB00BV9FPW93   15,191,128        15,191,128                                   15,950,728                  18.10% 
                ----------------  ----------------                  ---------  ------------  ------------  ----------- 
 Common Stock                                        15,950,728 
--------------      ------------    ------------    --------------    -------  ------------      --------    --------- 
 
 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. 
------------------  --------------  --------------------------------  -------------------------  --------------------- 
 
 
 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 
----------------------------------------------------  ---------------------------------------------------------------- 
 15,950,728                                            18.10% 
----------------------------------------------------  ---------------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
------------------------------------------------------------------------------ 
 First Pacific Advisors, LLC ("FPA") is an investment 
  adviser registered with the U.S. Securities and Exchange 
  Commission. FPA provides investment management services 
  on a discretionary basis to the accounts listed below. 
  The number and percentage of Common Stock shares in 
  the issuer held by each such account is as follows: 
 
  FPA Global Opportunity Fund: 14,598,228 Common Stock 
  shares (16.56%) 
  FPA Funds Trust - FPA International Value Fund: 1,352,500 
  Common Stock shares (1.54%) 
 
 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:                                              Marie McAvenia 
-------------------------------------------------------------  --------------- 
 15. Contact telephone number:                                    310-996-5432 
-------------------------------------------------------------  --------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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April 10, 2017 05:20 ET (09:20 GMT)