Telecity Group PLC TR-1: Notification of Major Interest in Shares (5116C)
January 19 2015 - 6:29AM
UK Regulatory
TIDMTCY
RNS Number : 5116C
Telecity Group PLC
19 January 2015
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
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1. Identity of the issuer or the underlying Telecity 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):
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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
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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 Admission to trading on LSE
specify):
------------------- -------------------------------------------------------- -------
3. Full name of person(s) subject
to the John H Scully
notification obligation: (iii) Edward H. McDermott
Eli J. Weinberg
SPO Advisory Corp.
Phoebe Snow Foundation, Inc.
-------------------------------------------- ----------------------------------------
4. Full name of shareholder(s) SPO Partners II, L.P.
(if different from 3.):(iv) San Francisco Partners, L.P.
Phoebe Snow Foundation, Inc.
-------------------------------------------- ----------------------------------------
5. Date of the transaction and date 15 January 2015
on
which the threshold is crossed
or
reached: (v)
-------------------------------------------- ----------------------------------------
6. Date on which issuer notified: 16 January 2015
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7. Threshold(s) that is/are crossed
or
reached: (vi, vii) 5%
-------------------------------------------- ----------------------------------------
8. Notified details:
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A: Voting rights attached to shares (viii, ix)
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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)
------------- ----- ------- -------- ------- ------------- ---------- ----------- ------------- --------------
ISIN CODE: 9,878,331 4.9% 10,228,331 N/A 10,228,331 N/A 5.0%
---------------- ----------------- ------------- ---------- ----------- ------------- --------------
GB00B282YM11
------------- ----- ------- -------- ------- ----------- --- ----- ----------- --- ---- -----------
B: Qualifying Financial Instruments
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Resulting situation after the triggering transaction
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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)
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Number of voting rights Percentage of voting rights
--------------------------------------------------------------- --------------------------------------------------------
10,228,331 5.0%
--------------------------------------------------------------- --------------------------------------------------------
9. Chain of controlled undertakings through which the voting rights and/or
the
financial instruments are effectively held, if applicable: (xxi)
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SPO Advisory Partners, L.P. is the sole general partner of SPO Partners
II, L.P., a holder of 9,558,031 / 4.7% shares of Telecity Group plc.
Because of this position, SPO Advisory Partners, L.P. indirectly holds
9,558,031 / 4.7% shares of Telecity Group plc.
SF Advisory Partners, L.P. is the sole general partner of San Francisco
Partners, L.P., a holder of 579,400 / 0.3% shares of Telecity Group plc.
Because of this position, SF Advisory Partners, L.P. indirectly holds
579,400 / 0.3% shares of Telecity Group plc.
SPO Advisory Corp. is the sole general partner of each of SPO Advisory
Partners, L.P. and SF Advisory Partners, L.P.. Because of this position,
SPO Advisory Corp. indirectly holds 10,137,431 / 5.0% shares of Telecity
Group plc.
John H. Scully, Edward H. McDermott and Eli J. Weinberg are the ultimate
controlling persons of SPO Advisory Corp. and are deemed to have shared
power to direct the vote of shares in Telecity Group plc held indirectly
by SPO Advisory Corp. Each of Edward H. McDermott and Eli J. Weinberg
indirectly hold 10,137,431 / 5.0% shares of Telecity Group plc through
their positions as controlling persons of SPO Advisory Corp.
John H. Scully is the sole controlling person, director and executive
officer of Phoebe Snow Foundation, Inc., a holder of 90,900 / 0.04% shares
of Telecity Group plc. As the controlling person of Phoebe Snow Foundation,
Inc. and one of the three controlling persons of SPO Advisory Corp.,
John H. Scully indirectly holds 10,228,331 / 5.0% shares of Telecity
Group plc.
Acting through John H. Scully, one of its three controlling persons,
SPO Advisory Corp. has the power to determine the voting rights for Telecity
Group plc shares held by the Phoebe Snow Foundation, Inc.
Proxy Voting:
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10. Name of the proxy holder: N/A
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11. Number of voting rights proxy holder will N/A
cease
to hold:
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12. Date on which proxy holder will cease to N/A
hold
voting rights:
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Kim Silva (CFO and Treasurer of SPO
13. Additional information: Advisory Corp. and Secretary of Phoebe
Snow Foundation, Inc.) has beenb appointed
pursuant to powers of attorney to
act on behalf of each of the persons
subject to the notification obligation
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14. Contact name: Kim Silva, CFO and Treasurer of SPO
Advisory Corp.
and Secretary of Phoebe Snow Foundation,
Inc.
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15. Contact telephone number: 415-383-6600
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This information is provided by RNS
The company news service from the London Stock Exchange
END
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