Avation PLC Holding(s) in Company (4717M)

TIDMAVAP

RNS Number : 4717M

Avation PLC

27 April 2018

TR-1: Standard form for notification of major holdings

 
 NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant 
  issuer and to the FCA in Microsoft Word format if possible)(i) 
---------------------------------------------------------------------------------------------------------- 
 
 1a. Identity of the issuer                                              AVATION PLC 
  or the underlying issuer 
  of existing shares to which 
  voting rights are attached(ii) 
  : 
-------------------------------------------------  ------------------------------------------------------- 
 1b. Please indicate if the issuer is a non-UK issuer 
  (please mark with an "X" if appropriate) 
---------------------------------------------------------------------------------------------------------- 
 Non-UK issuer 
-------------------------------------------------------------------------------------  ------------------- 
 2. Reason for the notification (please mark the appropriate 
  box or boxes with an "X") 
---------------------------------------------------------------------------------------------------------- 
 An acquisition or disposal of voting rights                                                    X 
-------------------------------------------------------------------------------------  ------------------- 
 An acquisition or disposal of financial instruments 
-------------------------------------------------------------------------------------  ------------------- 
 An event changing the breakdown of voting rights 
-------------------------------------------------------------------------------------  ------------------- 
 Other (please specify)(iii) : 
-------------------------------------------------------------------------------------  ------------------- 
 3. Details of person subject to the notification obligation(iv) 
 Name                                               OCEANWOOD CAPITAL MANAGEMENT 
                                                     LIMITED 
 City and country of registered                     VALLETTA, MALTA 
  office (if applicable) 
 4. Full name of shareholder(s) (if different from 3.)(v) 
---------------------------------------------------------------------------------------------------------- 
 Name                                               OCEANWOOD OPPORTUNITIES MASTER 
                                                     FUND 
 
                                                     CROWN/OCEANWOOD SEGREGATED 
                                                     PORTFOLIO 
-------------------------------------------------  ------------------------------------------------------- 
 City and country of registered                     GEORGE TOWN, CAYMAN ISLANDS 
  office (if applicable)                             (applicable to both) 
-------------------------------------------------  ------------------------------------------------------- 
 5. Date on which the threshold                     24/04/2018 
  was crossed or reached(vi) 
  : 
-------------------------------------------------  ------------------------------------------------------- 
 6. Date on which issuer notified                   27/04/2018 
  (DD/MM/YYYY): 
-------------------------------------------------  ------------------------------------------------------- 
 7. Total positions of person(s) subject to the notification 
  obligation 
---------------------------------------------------------------------------------------------------------- 
                               % of voting            % of voting        Total of       Total number 
                              rights attached       rights through       both in %       of voting 
                                 to shares             financial        (8.A + 8.B)      rights of 
                                 (total of            instruments                        issuer(vii) 
                                   8. A)               (total of 
                                                      8.B 1 + 8.B 
                                                          2) 
----------------------  -------------------------  ----------------  ----------------  ------------------- 
 Resulting 
  situation 
  on the date 
  on which 
  threshold 
  was crossed 
  or reached             25.92                      0                 25.92                     62,760,246 
----------------------  -------------------------  ----------------  ----------------  ------------------- 
 Position 
  of previous 
  notification 
  (if 
  applicable) 
----------------------  -------------------------  ----------------  ----------------  ------------------- 
 
 
 
 8. Notified details of the resulting situation on the 
  date on which the threshold was crossed or reached(viii) 
-------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares 
-------------------------------------------------------------------------------------------------------------- 
 Class/type              Number of voting rights(ix)             % of voting rights 
  of 
  shares 
  ISIN code 
  (if possible) 
---------------------- 
                                Direct             Indirect                 Direct                 Indirect 
                               (Art 9 of           (Art 10 of              (Art 9 of               (Art 10 of 
                               Directive           Directive               Directive               Directive 
                              2004/109/EC)        2004/109/EC)            2004/109/EC)            2004/109/EC) 
                                (DTR5.1)           (DTR5.2.1)               (DTR5.1)               (DTR5.2.1) 
---------------------   ----------------------  --------------  ------------------------------  -------------- 
 Ord GBP shares 
  ISIN: GB00B196F554                             16,268,788                                      25.92 
----------------------  ----------------------  --------------  ------------------------------  -------------- 
 
 
 SUBTOTAL 
  8. A 
----------------------  --------------------------------------  ---------------------------------------------- 
 
 B 1: Financial Instruments according to Art. 13(1)(a) 
  of Directive 2004/109/EC (DTR5.3.1.1 (a)) 
-------------------------------------------------------------------------------------------------------------- 
 Type of financial       Expiration             Exercise/        Number of voting                % of voting 
  instrument              date(x)                Conversion       rights that                     rights 
                                                 Period(xi)       may be acquired 
                                                                  if the instrument 
                                                                  is 
                                                                  exercised/converted. 
----------------------  ---------------------  ---------------  ------------------------------  -------------- 
 
 
 
                          SUBTOTAL 8. 
                           B 1 
                         -------------------------------------  ------------------------------  -------------- 
 
 B 2: Financial Instruments with similar economic effect 
  according to Art. 13(1)(b) of Directive 2004/109/EC 
  (DTR5.3.1.1 (b)) 
-------------------------------------------------------------------------------------------------------------- 
 Type of                Expiration              Exercise/        Physical           Number       % of voting 
  financial              date(x)                Conversion       or cash             of voting    rights 
  instrument                                    Period           settlement(xii)     rights 
                                                (xi) 
---------------------  ----------------------  ---------------  -----------------  -----------  -------------- 
 
 
 
                                                                 SUBTOTAL 
                                                                  8.B.2 
                                                                -----------------  -----------  -------------- 
 
 
 
 
 9. Information in relation to the person subject to 
  the notification obligation (please mark the 
  applicable box with an "X") 
 Person subject to the notification obligation is 
  not controlled by any natural person or legal entity 
  and does not control any other undertaking(s) holding 
  directly or indirectly an interest in the (underlying) 
  issuer(xiii) 
 Full chain of controlled undertakings through which                            X 
  the voting rights and/or the 
  financial instruments are effectively held starting 
  with the ultimate controlling natural person or 
  legal entity(xiv) (please add additional rows as 
  necessary) 
--------------------------------------------------------------------  --------------------- 
         Name(xv)             % of voting          % of voting            Total of both 
                              rights if it        rights through           if it equals 
                              equals or is     financial instruments       or is higher 
                              higher than          if it equals         than the notifiable 
                             the notifiable        or is higher              threshold 
                               threshold        than the notifiable 
                                                     threshold 
-------------------------  ----------------  -----------------------  --------------------- 
 Oceanwood Opportunities 
  Master Fund               24.31                                      24.31 
-------------------------  ----------------  -----------------------  --------------------- 
 Crown/Oceanwood 
  Segregated Portfolio      1.60                                       1.60 
-------------------------  ----------------  -----------------------  --------------------- 
 
 
 
 

 10. In case of proxy voting, please identify: 
------------------------------------------------------------------------------------------- 
 Name of the proxy holder 
-------------------------------------------  ---------------------------------------------- 
 The number and % of voting 
  rights held 
-------------------------------------------  ---------------------------------------------- 
 The date until which the 
  voting rights will be held 
-------------------------------------------  ---------------------------------------------- 
 
 11. Additional information(xvi) 
------------------------------------------------------------------------------------------- 
 On 4th December 2017, Oceanwood Capital Management Limited 
  revoked the investment management agreement it had with 
  Oceanwood Capital Management LLP and assumed responsibility 
  for the discretionary investment management of the Oceanwood 
  Opportunities Master Fund and the Crown/Oceanwood Segregated 
  Portfolio. Therefore, reports are now made in the name 
  of Oceanwood Capital Management Limited and not Oceanwood 
  Capital Management LLP. 
------------------------------------------------------------------------------------------- 
 
 
 
 Place of completion   London 
--------------------  ----------- 
 Date of completion    27/04/2018 
--------------------  ----------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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April 30, 2018 02:00 ET (06:00 GMT)