BBA Aviation PLC Holding(s) in Company (0916E)
October 30 2015 - 11:57AM
UK Regulatory
TIDMBBA
RNS Number : 0916E
BBA Aviation PLC
30 October 2015
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
R-1: N O T I F IC A T I ON OF M A JOR I NT E R EST IN SH A RE S
i
1. Identity of the issuer or the underlying
issuer of existing shares to which voting
rights are attached: ii BBA AVIATION PLC
--------------------------------------------------- -----------------------------------------------------------------
2 Reason for the notification (please tick the appropriate box or boxes):
----------------------------------------------------------------------------------------------------------------------
An acquisition or disposal of voting rights
----------------------------------------------------------------------------------------------------- ---------------
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 X
----------------------------------------------------------------------------------------------------- ---------------
An event changing the breakdown of voting rights
----------------------------------------------------------------------------------------------------- ---------------
Other (please specify):
----------------------------------------------------------------------------------------------------- ---------------
3. Full name of person(s) subject
to the notification obligation: iii 12 WEST CAPITAL MANAGEMENT LP
---------------------------------------- ----------------------------------------------------------------------------
4. Full name of shareholder(s)
(if different from 3.):iv N/A
---------------------------------------- ----------------------------------------------------------------------------
5. Date of the transaction and date
on 27 OCTOBER
which the threshold is crossed or 2015
reached: v
---------------------------------------- ----------------------------------------------------------------------------
6. Date on which issuer notified: 30 OCTOBER
2015
---------------------------------------- ----------------------------------------------------------------------------
7. Threshold(s) that is/are crossed
or reached: vi, vii FALLING BELOW 5 PER CENT THRESHOLD
---------------------------------------- ----------------------------------------------------------------------------
8. Notified details:
----------------------------------------------------------------------------------------------------------
A: Voting rights attached to shares viii, ix
----------------------------------------------------------------------------------------------------------
Class/type of Situation previous Resulting situation after the triggering
shares to the triggering transaction
transaction
if possible using
the ISIN CODE
------------------- ------------------------ -----------------------------------------------------------
Number Number Number Number of voting % of voting rights
of Shares of Voting of shares rights x
Rights
------------------- ----------- ----------- ----------- ---------------------- ----------------------
Direct Direct Indirect Direct Indirect
xi xii
------------------- ----------- ----------- ----------- --------- ----------- --------- -----------
N/A
------------------- ----------- ----------- ----------- --------- ----------- --------- -----------
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.
------------------ ----------- ------------------- -------------------------- ------------
N/A
------------------ ----------- ------------------- -------------------------- ------------
C: Financial Instruments with similar economic effect to Qualifying Financial
Instruments
xv, xvi
------------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
------------------------------------------------------------------------------------------------------------
Type of financial Exercise Expiration Exercise/ Number of voting % of voting rights
instrument price date xvii Conversion rights xix,
period xviii instrument refers xx
to
-------------------- ---------- ------------- -------------- ------------------- ----------------------
Nominal Delta
-------------------- ---------- ------------- -------------- ------------------- ------------ --------
Cash settled
swap (12 West
Capital Fund
LP) 12/11/2015 28,097,056 2.750%
-------------------------------- ------------- -------------- ------------------- ----------------------
Cash settled
swap (12 West
Capital Offshore
Fund LP) 12/11/2015 16,146,047 1.581%
-------------------------------- ------------- -------------- ------------------- ----------------------
Total (A+B+C)
------------------------------------------------------
Number of voting rights Percentage of voting rights
------------------------ ----------------------------
44,243,103 4.292%
------------------------ ----------------------------
9. Chain of controlled undertakings through which the voting
rights and/or the financial instruments are effectively held, if
applicable: xxi
12 WEST CAPITAL MANAGEMENT LP SERVES AS THE INVESTMENT MANAGER
TO 12 WEST CAPITAL FUND LP AND 12 WEST CAPITAL OFFSHORE FUND LP
(TOGETHER, THE "FUNDS") AND POSSESSES FULL INVESTMENT DISCRETION IN
RESPECT OF THE FINANCIAL INSTRUMENTS HAVING SIMILAR ECONOMIC EFFECT
TO QUALIFYING FINANCIAL INSTRUMENTS WHICH ARE HELD BY THE FUNDS AND
ARE THE SUBJECT OF THIS NOTIFICATION.
12 WEST CAPITAL MANAGEMENT, LLC IS THE GENERAL PARTNER OF 12
WEST CAPITAL MANAGEMENT LP AND JOEL RAMIN IS THE SOLE MEMBER OF 12
WEST CAPITAL MANAGEMENT, LLC.
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: N/A
--------------------------------- ---------------------------------------------------------------
14. Contact name: James Gilmore, Chief Compliance Officer
--------------------------------- ---------------------------------------------------------------
15. Contact telephone number: +1-646-216-7040
--------------------------------- ---------------------------------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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