New Substantial Shareholder
April 01 2010 - 5:07AM
UK Regulatory
TIDMWEST
RNS Number : 6113J
Western & Oriental plc
01 April 2010
1 April 2010
Western & Oriental plc
New Substantial Shareholder
Following the announcement of a share placing by Western & Oriental plc on 30
March 2010, the Company is pleased to announce a new substantial shareholder.
Options Cassoulides PLC, is a Cypriot quoted company which has two principal
divisions, a conference organising business and a printing business, operating
in a number of European countries. Options Cassoulides participated in the
Company's share placing investing some GBP1.5m in new shares which has resulted
in a shareholding of 100,000,000 shares, being 27.8% of the Company's enlarged
share capital.
Options Cassoulides has confirmed that they intend retaining the shareholding as
a trading investment.
A copy of the formal notification of a major interest in shares providing
further details is attached.
Enquiries:
+-------------------------------+-------------------------------+
| Western & Oriental plc | |
+-------------------------------+-------------------------------+
| David Howell, Chairman | 020 7821 4078 |
+-------------------------------+-------------------------------+
| | |
+-------------------------------+-------------------------------+
| Collins Stewart | |
+-------------------------------+-------------------------------+
| Adrian Hadden | 020 7523 8350 |
+-------------------------------+-------------------------------+
| | |
+-------------------------------+-------------------------------+
| Temple Bar Advisory | 020 7002 1080 |
+-------------------------------+-------------------------------+
| Tom Allison | 0778 999 8020 |
+-------------------------------+-------------------------------+
About Western & Oriental plc
Western & Oriental is a specialist and luxury travel group with a number of
established high quality brands. The Company was admitted to trading on AIM
under the ticker symbol WEST in March 2006. The Group acts as a tour operator,
travel agent and conference and incentive organisers, offering a premium service
for tailor-made and specialist packaged holiday programmes to destinations
worldwide. For more information on Western & Oriental and its individual luxury
travel brand websites, go to www.westernorientalplc.com.
APPENDIX
+----------------+--------------------+------+----------------------------+--------+
| |
+----------------------------------------------------------------------------------+
| |
+----------------------------------------------------------------------------------+
| | |
+--------------------------------------------+-------------------------------------+
| 1. Identity of the issuer or the | Western & Oriental Plc |
| underlying 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 | Yes |
+-------------------------------------------------------------------------+--------+
| 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 | Options Cassoulides PLC |
| to the | |
| notification obligation: iii | |
+-------------------------------------+--------------------------------------------+
| 4. Full name of shareholder(s) | |
| (if different from 3.):iv | |
+-------------------------------------+--------------------------------------------+
| 5. Date of the transaction and date | 31/03/2010 |
| on | |
| which the threshold is crossed or | |
| reached: v | |
+-------------------------------------+--------------------------------------------+
| 6. Date on which issuer notified: | 31/03/2010 |
+-------------------------------------+--------------------------------------------+
| 7. Threshold(s) that is/are crossed | 27% |
| or | |
| reached: vi, vii | |
+-------------------------------------+--------------------------------------------+
| | | | | |
+----------------+--------------------+------+----------------------------+--------+
+--------------+---------+----+------+----------+-------+----+--+--------------+-+------+------+----------+-----+-------------+----+--+----------+
| 8. Notified details: |
+------------------------------------------------------------------------------------------------------------------------------------------------+
| A: Voting rights attached to shares viii, ix |
+------------------------------------------------------------------------------------------------------------------------------------------------+
| Class/type | Situation previous | Resulting situation after the triggering transaction |
| of | to the triggering | |
| shares | transaction | |
| if | | |
| possible | | |
| using | | |
| the ISIN | | |
| CODE | | |
+ +------------------------------------------------+--------------------------------------------------------------------------------+
| | Number | Number | Number | Number of | % of voting rights |
| | of | of | of shares | voting | x |
| | Shares | Voting | | rights | |
| | | Rights | | | |
+ + + +----------------+------------------------+--------------------------------------+
| | | | Direct | Direct xi | Indirect | Direct | Indirect |
| | | | | | xii | | |
+--------------+---------------------+--------------------------+----------------+-------------+----------+------------------------+-------------+
| GB00B104S049 | 100,000,000 | 100,000,000 | 100,000,000 | 100,000,000 | | 27.80% | |
+--------------+ + + + + + + +
| | | | | | | | |
+--------------+---------------------+--------------------------+----------------+-------------+----------+------------------------+-------------+
| |
+------------------------------------------------------------------------------------------------------------------------------------------------+
| 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 xiv | rights that may be | rights |
| | | | 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 | Exercise price | Expiration | Exercise/ | Number of voting | % of voting rights |
| financial | | date xvii | Conversion | rights instrument | xix, xx |
| instrument | | | period | refers to | |
| | | | xviii | | |
+------------------------+----------------------+------------+-------------------+------------------------------+--------------------------------+
| N/A | | | | | Nominal | Delta |
| | | | | | | |
+ + + + + +---------------------+----------+
| | | | | | | |
+------------------------+----------------------+------------+-------------------+------------------------------+---------------------+----------+
| |
+------------------------------------------------------------------------------------------------------------------------------------------------+
| Total (A+B+C) |
+------------------------------------------------------------------------------------------------------------------------------------------------+
| Number of voting rights | Percentage of voting rights |
+------------------------------------------------------------------------------+-----------------------------------------------------------------+
| 100,000,000 | 27.8% |
+------------------------------------------------------------------------------+-----------------------------------------------------------------+
| | | | | | | | | | | | | | | | | | |
+--------------+---------+----+------+----------+-------+----+--+--------------+-+------+------+----------+-----+-------------+----+--+----------+
+--------------------------------------+-----------+------------------------------+
| 9. Chain of controlled undertakings through which the voting rights and/or the |
| financial instruments are effectively held, if applicable: xxi |
+---------------------------------------------------------------------------------+
| |
| Shares acquired as part of the Share Placing announced by Western & Oriental |
| plc. |
+---------------------------------------------------------------------------------+
| |
+---------------------------------------------------------------------------------+
| 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: | S.Watkins |
+--------------------------------------+------------------------------------------+
| 15. Contact telephone number: | 0207 821 4072 |
+--------------------------------------+------------------------------------------+
| | | |
+--------------------------------------+-----------+------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
HOLKFLBBBZFBBBE
Western & Oriental (LSE:WEST)
Historical Stock Chart
From Apr 2024 to May 2024
Western & Oriental (LSE:WEST)
Historical Stock Chart
From May 2023 to May 2024
