Holding(s) in Company
04 Novembre 2010 - 3:51PM
UK Regulatory
TIDMTT.
RNS Number : 6525V
TUI Travel PLC
04 November 2010
+----------------+--------------------+--+---+----------------------------+--------+
| | |
+----------------------------------------+-----------------------------------------+
| | |
+----------------------------------------+-----------------------------------------+
| |
+----------------------------------------------------------------------------------+
| |
| TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi |
| |
+----------------------------------------------------------------------------------+
| | |
+--------------------------------------------+-------------------------------------+
| 1. Identity of the issuer or the | TUI Travel 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 | Change in delta relating to instruments with similar | |
| specify): | economic effect to qualifying financial instruments | |
| | (see note 1, section 13) | |
+----------------+--------------------------------------------------------+--------+
| 3. Full name of person(s) subject | TUI AG, a company incorporated in Germany |
| to the | whose registered office is at |
| notification obligation: iii | Karl-Wiechert- Allee 4, 30625 Hannover, |
| | Germany |
+-------------------------------------+--------------------------------------------+
| 4. Full name of shareholder(s) | As above |
| (if different from 3.):iv | |
+-------------------------------------+--------------------------------------------+
| 5. Date of the transaction and date | 01 October 2010 |
| on | |
| which the threshold is crossed or | |
| reached: v | |
+-------------------------------------+--------------------------------------------+
| 6. Date on which issuer notified: | 03 November 2010 |
+-------------------------------------+--------------------------------------------+
| 7. Threshold(s) that is/are crossed | Interest in voting rights (box 8A) from |
| or | 54% to 55%. Aggregate interest (boxes |
| reached: vi, vii | 8A-8C) remains in the 56%-57% range. |
+-------------------------------------+--------------------------------------------+
| | | | | | |
+----------------+--------------------+--+---+----------------------------+--------+
+--------------+-----------------+----+------+------------+----+--+----------------------+-+------+------+-------------+---------+---------------------+----+--+--------------+
| 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 x |
| | of | of | of shares | voting | |
| | Shares | Voting | | rights | |
| | | Rights | | | |
+ + + +------------------------+---------------------------+------------------------------------------------------+
| | | | Direct | Direct xi | Indirect | Direct | Indirect |
| | | | | | xii | | |
+--------------+-----------------------------+--------------------+------------------------+-------------+-------------+------------------------------------+-----------------+
| GB00B1Z7RQ77 | 615,882,193 | 615,882,193 | | | | | |
| | | | 395,596,480 | | 220,285,713 | 35.38% | 19.70% |
| | | | | 395,596,480 | | | |
| | | | | | | | |
| | | | | | | | |
+--------------+-----------------------------+--------------------+------------------------+-------------+-------------+------------------------------------+-----------------+
| |
+-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------+
| 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. | |
+-------------------------------------+-------------------+---------------------------------------+----------------------------------------------------+----------------------+
| Call Option | 9 March 2013 | From 16 January 2011 | 133,318,664 (see | 11.92% |
| | | to 9 March 2013 | note 2, section 13) | |
+-------------------------------------+-------------------+---------------------------------------+----------------------------------------------------+----------------------+
| Contingent Forward Purchase | 31 March 2013 | 31 March 2013, subject | 86,967,049 (see note | 7.78% |
| Agreement | | to terms allowing for | 3, section 13) | |
| | | earlier settlement | | |
+-------------------------------------+-------------------+---------------------------------------+----------------------------------------------------+----------------------+
| |
+-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------+
| 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 xix, |
| instrument | price | date xvii | Conversion | rights instrument | xx |
| | | | period xviii | refers to | |
| | | | | | |
+--------------------------------+-----------+-----------------+---------------------------+-------------------------------------+--------------------------------------------+
| Convertible bonds | GBP3.8234 | 27 April | From 7 June | 15,692,839 | Nominal | Delta |
| acquired pursuant to a | | 2017 | 2010 subject | (calculated on a | | |
| Contingent Forward | | | to certain | delta- adjusted basis | | |
| Purchase Agreement | | | conditions | (see note 1, section | | |
| | | | | 13)) | | |
| | | | | | | |
+ + + + + +-----------------------------+--------------+
| | | | | | | 1.40% |
+--------------------------------+-----------+-----------------+---------------------------+-------------------------------------+-----------------------------+--------------+
| |
+-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------+
| Total (A+B+C) |
+-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------+
| Number of voting rights | Percentage of voting rights |
+----------------------------------------------------------------------------------------+------------------------------------------------------------------------------------+
| 631,575,032 | 56.49% (please see note (4), section 13) |
+----------------------------------------------------------------------------------------+------------------------------------------------------------------------------------+
| | | | | | | | | | | | | | | | | |
+--------------+-----------------+----+------+------------+----+--+----------------------+-+------+------+-------------+---------+---------------------+----+--+--------------+
+-------------------------------------+-----------+-----------------------------+
| 9. Chain of controlled undertakings through which the voting rights and/or |
| the |
| financial instruments are effectively held, if applicable: xxi |
+-------------------------------------------------------------------------------+
| |
| |
+-------------------------------------------------------------------------------+
| |
+-------------------------------------------------------------------------------+
| Proxy Voting: |
+-------------------------------------------------------------------------------+
| 10. Name of the proxy holder: | N/A |
+-------------------------------------------------+-----------------------------+
| 11. Number of voting rights proxy holder will | N/A |
| cease | |
| to hold: | |
+-------------------------------------------------+-----------------------------+
| 12. Date on which proxy holder will cease to | N/A |
| hold | |
| voting rights: | |
+-------------------------------------------------+-----------------------------+
| |
+-------------------------------------------------------------------------------+
| 13. Additional information: | (1) TUI AG is required under the |
| | Disclosure and Transparency Rules to |
| | disclose its interest in the |
| | convertible bonds of TUI Travel PLC on |
| | a delta-adjusted basis (see 8(c) |
| | above). A change in the delta relating |
| | to such bonds has resulted in a |
| | notifiable change in TUI AG's aggregate |
| | interest in the voting rights of TUI |
| | Travel PLC, however TUI AG's actual |
| | holding of convertible bonds (on a |
| | nominal basis as well as the number of |
| | TUI Travel PLC shares underlying such |
| | bonds) has not changed since the date |
| | of issue of such bonds on 27 April |
| | 2010. |
| | |
| | (2) 133,318,664 of those TUI Travel PLC |
| | shares in which TUI AG has an indirect |
| | interest (as referred to in 8A above) |
| | are the same shares as those which it |
| | has a right to acquire under the Call |
| | Option (as referred to in 8B above). |
| | The registered holder of such shares is |
| | Nero Finance Limited. |
| | |
| | (3) 86,967,049 of those TUI Travel PLC |
| | shares in which TUI AG has an indirect |
| | interest (as referred to in 8A above) |
| | are the same shares as those which it |
| | has a right to acquire under the |
| | Contingent Forward Purchase Agreement |
| | (as referred to in 8B above). The |
| | registered holder of such shares is |
| | Antium Finance Limited. |
| | |
| | (4) TUI AG's aggregate 56.49% interest |
| | referred to in section 8 above is |
| | equivalent to 50.51% of TUI Travel |
| | PLC's share capital on a fully diluted |
| | basis. |
+-------------------------------------+-----------------------------------------+
| 14. Contact name: | N/A |
+-------------------------------------+-----------------------------------------+
| 15. Contact telephone number: | N/A |
+-------------------------------------+-----------------------------------------+
| | | |
+-------------------------------------+-----------+-----------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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