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Company Announcements

Holding(s) in Company

Related Companies

By LSE RNS

RNS Number : 6079S
AA PLC
03 October 2017
 

TR-1: Standard form for notification of major holdings

 

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i


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

AA Plc

1b. Please indicate if the issuer is a non-UK issuer  (please mark with an "X" if appropriate)

Non-UK issuer


2. Reason for the notification (please mark the appropriate box or boxes with an "X")

An acquisition or disposal of voting rights


An acquisition or disposal of financial instruments

X

An event changing the breakdown of voting rights


Other (please specify)iii:


3. Details of person subject to the notification obligationiv

Name

Parvus Asset Management Europe Limited

City and country of registered office (if applicable)

London, United Kingdom.

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

Name

Parvus Asset Management Europe Limited has been appointed as Investment Manager to a number of funds and managed accounts. Under the terms of the various investment management agreements, Parvus Asset Management Europe Limited holds the power to vote any physical shareholdings held by these clients.

City and country of registered office (if applicable)


5. Date on which the threshold was crossed or reachedvi:

29/09/2017

6. Date on which issuer notified (DD/MM/YYYY):

03/10/2017

7. Total positions of person(s) subject to the notification obligation


% of voting rights attached to shares (total of 8. A)

% of voting rights through financial instruments
(total of 8.B 1 + 8.B 2)

Total of both in % (8.A + 8.B)

Total number of voting rights of issuervii

Resulting situation on the date on which threshold was crossed or reached

9.85%

13.96%

23.80%

610,213,704

Position of previous notification (if

applicable)

9.85%

12.31%

22.17%


 

8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii

A: Voting rights attached to shares

Class/type of
shares

ISIN code (if possible)

Number of voting rightsix

% of voting rights

Direct

(Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect

(Art 10 of Directive 2004/109/EC) (DTR5.2.1)

Direct

(Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect

(Art 10 of Directive 2004/109/EC) (DTR5.2.1)

GB00BMSKPJ95

60,079,470


9.85%












SUBTOTAL 8. A

60,079,470

9.85%

 

 

B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))

Type of financial instrument

Expiration
date
x

Exercise/
Conversion Period
xi

Number of voting rights that may be acquired if the instrument is

exercised/converted.

% of voting rights


















SUBTOTAL 8. B 1



 

 

B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))

Type of financial instrument

Expiration
date
x

Exercise/
Conversion Period
xi

Physical or cash

settlementxii

Number of voting rights

% of voting rights

 

Equity Swap

 

04 December 2017

 

N/A

 

Cash

 

56,545,697

 

9.27%

Equity Swap

02 July 2018

N/A

Cash

483,062

0.08%

Equity Swap

11 July 2018

N/A

Cash

8,245,465

1.35%

Equity Swap

07 August 2018

N/A

Cash

424,650

0.07%

Equity Swap

08 August 2018

N/A

Cash

380,407

0.06%

Equity Swap

31 October 2018

N/A

Cash

513,229

0.08%

Equity Swap

21 November 2018

N/A

Cash

513,136

0.08%

Equity Swap

11 March 2019

N/A

Cash

17,815,768

2.92%

Equity Swap

28 June 2019

N/A

Cash

82,842

0.01%

Equity Swap

05 July 2019

N/A

Cash

151,370

0.02%




SUBTOTAL 8.B.2

85,155,626

13.96%

 

 

 

 

9. Information in relation to the person subject to the notification obligation (please mark the

applicable box with an "X")

Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii


Full chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate controlling natural person or legal entity
xiv (please add additional rows as necessary)

 

X

Namexv

% of voting rights if it equals or is higher than the notifiable threshold

% of voting rights through financial instruments if it equals or is higher than the notifiable threshold

Total of both if it equals or is higher than the notifiable threshold

Edoardo Mercadante

9.85%

13.96%

23.80%

Parvus Asset Management (Cayman) Limited

9.85%

13.96%

23.80%

Parvus Asset Management Limited

9.85%

13.96%

23.80%

Parvus Asset Management Europe Limited

9.85%

13.96%

23.80%






10. In case of proxy voting, please identify:

Name of the proxy holder

N/A

The number and % of voting rights held

N/A

The date until which the voting rights will be held

N/A


11. Additional informationxvi

 

N/A

 

Place of completion

London, United Kingdom

Date of completion

03/10/2017

 


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