Avanti Communications Group Plc Holding(s) in Company (4988K)
April 16 2015 - 1:00PM
UK Regulatory
TIDMAVN
RNS Number : 4988K
Avanti Communications Group Plc
16 April 2015
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
--------------------------------------------------
1. Identity of the issuer or the underlying Avanti Communications 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 MAST Capital Management, LLC
to the
notification obligation: (iii)
------------------------------------------ ----------------------------------------------
4. Full name of shareholder(s) Mast Credit Opportunities I Master
(if different from 3.):(iv) Fund Limited; Mast OC I Master Fund,
L.P.; Mast Select Opportunities Master
Fund, L.P.; Mast Admiral Master Fund,
L.P.
------------------------------------------ ----------------------------------------------
5. Date of the transaction and date April 15, 2015
on
which the threshold is crossed
or
reached: (v)
------------------------------------------ ----------------------------------------------
6. Date on which issuer notified: April 15, 2015
------------------------------------------ ----------------------------------------------
7. Threshold(s) that is/are crossed From below 5% to above 5%, but less
or than 10%
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)
------------- --- ------- ------ ----- --- ------------- ------------- --------- --------------- -------------
Common
Shares 4,330,352 4,330,352 10,896,168 10,896,168 7.68%
-------------- ------------------ ------------- ------------- --------- --------------- -------------
ISIN:
GB00B1VCNQ84
------------- --- ------- ------ ----- --- ----------- --- -------- --------- --- ---- ---- ----------
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
-------------------------------------------------------------- ----------------------------------------------------------
10,896,168 7.68%
-------------------------------------------------------------- ----------------------------------------------------------
9. Chain of controlled undertakings through which the voting rights and/or
the
financial instruments are effectively held, if applicable: (xxi)
--------------------------------------------------------------------------------
Each of the shareholders listed in Section 4 is an investment vehicle
which is managed by MAST Capital Management, LLC, an investment adviser
registered with the United States Securities and Exchange Commission.
MAST Capital Management, LLC is consequently subject to the shareholder
disclosure thresholds prescribed by DTR 5.1.5.
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: Adam Kleinman
---------------------------------------- --------------------------------------
15. Contact telephone number: +1-617-375-3000
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This information is provided by RNS
The company news service from the London Stock Exchange
END
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