Action Hotels PLC Holding(s) in Company (2389K)

TIDMAHCG

RNS Number : 2389K

Action Hotels PLC

09 April 2018

TR-1: Standard form for notification of major holdings

 
 NOTIFICATION OF MAJOR HOLDINGS 
------------------------------------------------------------------------------------------ 
 
 1. Identity of the issuer or                                            Action Hotels 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                               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): Privately negotiated financial 
  instruments which may result in the acquisition 
  of shares already issued to which voting rights 
  are attached 
----------------------------------------------------------  ------------------------------ 
 3. Full name of person(s)                                   Blakeney LLP 
  subject to the 
  notification obligation: 
  (iii) 
----------------------------------------------------------  ------------------------------ 
 4. Full name of shareholder(s)                              Blakeney LLP as investment 
  (if different from 3.):(iv)                                 advisor manager of the funds 
                                                              listed in Section 9. 
----------------------------------------------------------  ------------------------------ 
 5. Date of the transaction                                  05/04/2018 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
----------------------------------------------------------  ------------------------------ 
 6. Date on which issuer                                     05/04/2018 
  notified: 
----------------------------------------------------------  ------------------------------ 
 7. Threshold(s) that is/are 
  crossed or 
  reached: (vi, vii)                                         5% 
----------------------------------------------------------  ------------------------------ 
 
 
 
 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) 
-------------      ---------  -----------      -------------  -----------  ---------  ---------  ------------  ----------- 
 JE00BFZD1492   9,715,463                   9,715,463          0                       0 
               --------------------------  -----------------  -----------  ---------  ---------  ------------ 
                                                                                                                0% 
-------------      ---------  -----------      -------------    ---------    -------  ---------      --------  ----------- 
 
 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. 
-----------------  ------------------------  ------------------------------  ----------------------  --------------------- 
 Option             19/12/2018                23/12/2015-19/12/2018           4,763,540               3.23% 
-----------------  ------------------------  ------------------------------  ----------------------  --------------------- 
 
 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 
--------------------------------------------------------------  ---------------------------------------------------------- 
   4,763,540                                                     3.23% 
--------------------------------------------------------------  ---------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
----------------------------------------------------------------- 
   Fund name    Resulting      Resulting        % of Total 
                  Number         Number of        Issued Share 
                  of ordinary    options equal    Capital incl 
                  Shares         to ordinary      options 
                                 Shares on 
                                 conversion 
   -----------  -------------  ---------------  -------------- 
    BI           0              588,434          0.40% 
   -----------  -------------  ---------------  -------------- 
    CCDP LP      0              81,936           0.06% 
   -----------  -------------  ---------------  -------------- 
    BLP          0              1,555,561        1.05% 
   -----------  -------------  ---------------  -------------- 
    ONYX         0              257,241          0.17% 
   -----------  -------------  ---------------  -------------- 
    ILP          0              100,038          0.07% 
   -----------  -------------  ---------------  -------------- 
    AALP         0              419,207          0.28% 
   -----------  -------------  ---------------  -------------- 
    HELP         0              771,722          0.52% 
   -----------  -------------  ---------------  -------------- 
    PALP         0              157,203          0.11% 
   -----------  -------------  ---------------  -------------- 
    MALP         0              157,203          0.11% 
   -----------  -------------  ---------------  -------------- 
    BSHLP        0              41,921           0.03% 
   -----------  -------------  ---------------  -------------- 
    RSLP         0              524,009          0.35% 
   -----------  -------------  ---------------  -------------- 

    BOLP         0              109,065          0.07% 
   -----------  -------------  ---------------  -------------- 
    Total        0              4,763,540        3.23% 
   -----------  -------------  ---------------  -------------- 
 
 Proxy Voting: 
----------------------------------------------------------------- 
 10. Name of the proxy holder:                  Blakeney LLP 
---------------------------------------------  ------------------ 
 11. Number of voting rights proxy              Not applicable 
  holder will cease 
  to hold: 
---------------------------------------------  ------------------ 
 12. Date on which proxy holder will            Not applicable 
  cease to hold 
  voting rights: 
---------------------------------------------  ------------------ 
 
 
  13. Additional information: 
---------------------------------------------  ------------------ 
 14. Contact name:                              Mike Toomey 
---------------------------------------------  ------------------ 
 15. Contact telephone number:                  020 7352 4117 
---------------------------------------------  ------------------ 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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April 09, 2018 03:53 ET (07:53 GMT)