TIDMAVN

RNS Number : 4274T

Avanti Communications Group Plc

05 January 2017

 
 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) 
---------------------------------------------------------------  --------------------------------- 
 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)                                           PAR Investment Partners, L.P. 
  subject to the 
  notification obligation: 
  (iii) 
-----------------------------------------------------------  ------------------------------------- 
 4. Full name of shareholder(s) 
  (if different from 3.):(iv) 
-----------------------------------------------------------  ------------------------------------- 
 5. Date of the transaction                                                       30 December 2016 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-----------------------------------------------------------  ------------------------------------- 
 6. Date on which issuer                                                            4 January 2017 
  notified: 
-----------------------------------------------------------  ------------------------------------- 
 7. Threshold(s) that is/are                                                              Below 5% 
  crossed or 
  reached: (vi, vii) 
-----------------------------------------------------------  ------------------------------------- 
 
 
 
 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            voting                 rights (x) 
                  Shares         Voting         shares        rights 
                                 Rights 
--------------  -------------  -------------  ------------  ---------------------  ------------------- 
                                               Direct        Direct   Indirect      Direct    Indirect 
                                                             (xi)      (xii) 
--------------  -------------  -------------  ------------  -------  ------------  --------  --------- 
 ORDINARY 
  1p 
 
  ISIN: 
  GB00B1VCNQ84   8,500,000      8,500,000      NIL           NIL      NIL           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. 
--------------  -------------  ---------------------------  ---------------------  ------------------- 
 
 
 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 
--------------------------------------------  -------------------------------------------------------- 
 NIL                                           0% 
--------------------------------------------  -------------------------------------------------------- 
 
 
 
 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: 
-------------------------------------------------------------  ------------------------------------ 
 
                                                                PAR Capital Management, Inc. 
  13. Additional information:                                   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. 
-------------------------------------------------------------  ------------------------------------ 
 14. Contact name:                                                                  Steven M. Smith 
-------------------------------------------------------------  ------------------------------------ 
 15. Contact telephone number:                                                     001 617 556 8990 
-------------------------------------------------------------  ------------------------------------ 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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