Holding(s) in Company (7860C)
11 Marzo 2011 - 10:48AM
UK Regulatory
TIDMTT. TIDM0NLA
RNS Number : 7860C
TUI Travel PLC
11 March 2011
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES (i)
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1. Identity of the issuer or the TUI Travel PLC
underlying issuer of existing shares to
which voting rights are attached: (ii)
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2 Reason for the notification (please tick the appropriate box or boxes):
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An acquisition or disposal of voting rights YES
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An acquisition or disposal of qualifying financial instruments
which may result in the acquisition of shares already issued to
which voting rights are attached
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An acquisition or disposal of instruments with similar economic
effect to qualifying financial instruments
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An event changing the breakdown of voting rights
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Other (please Change in delta relating to instruments with similar
specify): economic effect to qualifying financial instruments
(see note 1, section 13)
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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
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4. Full name of shareholder(s) As above
(if different from 3.):(iv)
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5. Date of the transaction and 01 March 2011
date on which the threshold is
crossed or reached: (v)
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6. Date on which issuer notified: 10 March 2011
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7. Threshold(s) that is/are Interest in voting rights (box 8A)
crossed or reached: (vi, vii) remains between 55% and 56%. Aggregate
interest (boxes 8A-8C) above 57% range.
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8. Notified details:
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A: Voting rights attached to shares (viii, ix)
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Class/type of
shares if
possible Situation previous
using the to the triggering Resulting situation after the triggering
ISIN CODE transaction transaction
-------------- --------------------------------- --------------------------------------------------------------------
Number
Number of
of Voting Number Number of voting % of voting rights
Shares Rights of shares rights (x)
-------------- -------------- ----------------- ------------ ----------------------------- -----------------------
Direct Indirect
Direct (xi) (xii) Direct Indirect
-------------- ----- ------- ------ ----- ------------ --------------- ------------ --------- ------------
GB00B1Z7RQ77 620,137,750 620,137,750 395,596,480 395,596,480 224,541,270 35.4% 20.1%
-------------- -------------- ----------------- ------------ --------------- ------------ --------- ------------ -------------------------------------------------------
B: Qualifying Financial Instruments
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Resulting situation after the triggering transaction
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Number of voting
rights that may
be
Exercise/ acquired if the
Type of financial Expiration Conversion Period instrument is % of voting
instrument date (xiii) (xiv) exercised/converted. rights
--------------------- --------------- ------------------------------- ------------------------- -------------------
From 16 January 137,574,221 (see
9 March 2011 to 9 March note 2, section
Call Option 2013 2013 13) 12.3%
--------------------- --------------- ------------------------------- ------------------------- -------------------
31 March 2013,
subject to terms 86,967,049 (see
Contingent Forward 31 March allowing for earlier note 3, section
Purchase Agreement 2013 settlement 13) 7.8%
--------------------- --------------- ------------------------------- ------------------------- -------------------
C: Financial Instruments with similar economic effect to Qualifying Financial
Instruments (xv, xvi)
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Resulting situation after the triggering transaction
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Exercise/
Type of Conversion Number of voting
financial Exercise Expiration period rights instrument % of voting rights
instrument price date (xvii) (xviii) refers to (xix, xx)
-------------- -------------- ------------- ---------------- ----------------------------- -----------------------
Convertible
bonds
acquired
pursuant to a From 7 19,877,596
Contingent June 2010 (calculated on a
Forward subject delta- adjusted
Purchase 27 April to certain basis (see note
Agreement GBP3.8234 2017 conditions 1, section 13)) Nominal Delta
-------------- -------------- ------------- ---------------- ----------------------------- ---------- -----------
1.8%
-------------- ----- ------- ------ ----- ------------ ------ ------- ------------ ---------- -----------
Total (A+B+C)
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Number of voting rights Percentage of voting rights
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640,015,346 57.25% (please see note (4), section
13)
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9. Chain of controlled undertakings through which the voting rights and/or
the
financial instruments are effectively held, if applicable: (xxi)
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Proxy Voting:
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10. Name of the proxy holder: N/A
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11. Number of voting rights proxy holder will N/A
cease
to hold:
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12. Date on which proxy holder will cease to N/A
hold
voting rights:
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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)
137,574,221 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 57.25% interest referred to
in section 8 above is equivalent to 50.83%
of TUI Travel PLC's share capital on a
fully diluted basis.
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14. Contact name: N/A
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15. Contact telephone number: N/A
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This information is provided by RNS
The company news service from the London Stock Exchange
END
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