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RNS Number : 4514Z
Action Hotels PLC
14 March 2017
 

 






TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi



1. Identity of the issuer or the underlying issuer
of existing shares to which voting rights are
attached:
ii

Action Hotels PLC

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): Privately negotiated financial instruments which may result in the acquisition of shares already issued to which voting rights are attached


3. Full name of person(s) subject to the
notification obligation:
iii

Blakeney LLP

4. Full name of shareholder(s)
 (if different from 3.):iv

Blakeney LLP as investment advisor manager of the funds listed in Section 9.

5. Date of the transaction and date on
which the threshold is crossed or
reached:
v

13th March 2017

6. Date on which issuer notified:

14th March 2017

7. Threshold(s) that is/are crossed or
reached:
vi, vii

14%



 

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type of
shares


if possible using
the ISIN CODE

Situation previous
to the triggering
transaction

Resulting situation after the triggering transaction

Number
of
Shares

Number
of
Voting
Rights

Number
of shares

Number of voting
rights

% of  voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

JE00BFZD1492

17,417,122

17,417,122

15,858,040


15,858,040


 

10.74%

 



B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial
instrument

Expiration
date
xiii

Exercise/
Conversion Period
xiv

Number of voting
rights that may be
acquired if the
instrument is
exercised/ converted.

% of voting
rights

Option

19/12/2018

23/12/2015-19/12/2018

4,763,540

3.23%


C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financial
instrument

Exercise price

Expiration date xvii

Exercise/
Conversion period
xviii

Number of voting rights instrument refers to

 

% of voting rights xix, xx

 






Nominal

Delta




Total (A+B+C)

Number of voting rights

Percentage of voting rights

   20,621,580

 

13.97%



 

9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:
xxi

 

Fund name

Resulting Number of ordinary Shares

Resulting Number of options equal to ordinary Shares on conversion

 % of Total Issued Share Capital incl options

BI

1,271,927

588,434

1.26%

CCDP LP

446,873

81,936

0.36%

BLP

7,932,834

1,555,561

6.43%

ONYX

884,381

257,241

0.77%

ILP


100,038

0.07%

AALP


419,207

0.28%

HELP

3,987,577

771,722

3.22%

PALP


157,203

0.11%

MALP


157,203

0.11%

BSHLP


41,921

0.03%

RSLP


524,009

0.35%

BOLP

1,334,448

109,065

0.98%

Total

15,858,040

4,763,540

13.97%


Proxy Voting:

10. Name of the proxy holder:

Blakeney LLP

11. Number of voting rights proxy holder will cease to hold:

Not applicable

12. Date on which proxy holder will cease to hold voting rights:

Not applicable



13. Additional information:



14. Contact name:

Mike Toomey

15. Contact telephone number:

020 7352 4117



 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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