Avanti Communications Group Plc Holding(s) in Company (9037F)
February 26 2015 - 2:04AM
UK Regulatory
TIDMAVN
RNS Number : 9037F
Avanti Communications Group Plc
26 February 2015
For For filings with the FCA include
the annex
For For filings with issuer exclude
the annex
T TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
------------------------------------------------------
---------------------------------------------------------------------------------------
1. Identity of the issuer or AVANTI COMMUNICATIONS GROUP
the underlying issuer PLC
of existing shares to which
voting rights are
attached: (ii)
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2 Reason for the notification (please tick the appropriate
box or boxes):
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An acquisition or disposal of voting rights ü
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An acquisition or disposal of qualifying financial
instruments which may result in the acquisition
of shares already issued to which voting rights
are attached
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An acquisition or disposal of instruments with
similar economic effect to qualifying financial
instruments
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An event changing the breakdown of voting rights
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Other (please
specify):
----------------------------------------------------- ------------------------------
3. Full name of person(s) PAR Investment Partners, L.P.
subject to the
notification obligation:
(iii)
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4. Full name of shareholder(s)
(if different from 3.):(iv)
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5. Date of the transaction 24 February 2015
and date on
which the threshold is
crossed or
reached: (v)
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6. Date on which issuer 24 February 2015
notified:
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7. Threshold(s) that is/are
crossed or
reached: (vi, vii) 5%
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8. Notified details:
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A: Voting rights attached to shares (viii, ix)
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Class/type Situation Resulting situation after the
of previous triggering transaction
shares to the triggering
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)
------------- ------------ ------------- -------------- ------------ ------------ ------------ -----------
See
ORDINARY 13 See 13
1p NIL NIL 7,887,082 7,887,082 below 5.56% below
-------------- --------------- -------------- ------------ ------------ ------------ -----------
ISIN:
GB00B1VCNQ84
--------------- ------------ ------------- ------------ ---------- ------------ -------- ---------
B: Qualifying Financial Instruments
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Resulting situation after the triggering transaction
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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)
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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
-------------------------------------------------- -------------------------------------------------------------------
7,887,082 5.56%
-------------------------------------------------- -------------------------------------------------------------------
9. Chain of controlled undertakings through which the
voting rights and/or the
financial instruments are effectively held, if applicable:
(xxi)
------------------------------------------------------------------------------------------------
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:
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13. Additional information: PAR Capital Management,
Inc. is the sole general
partner of PAR Group, L.P.
and PAR Group, L.P. is the
sole general partner of PAR
Investment Partners, L.P.
PAR Capital Management, Inc.
is the investment advisor
to the shareholder and is
treated as having an indirect
interest in the voting rights
attaching to 7,887,082 ordinary
shares, amounting to 5.56%
of the total voting rights.
------------------------------------------------------------- ---------------------------------
14. Contact name: Steven M. Smith
------------------------------------------------------------- ---------------------------------
15. Contact telephone number: 001 617 556 8990
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This information is provided by RNS
The company news service from the London Stock Exchange
END
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