TUI Travel PLC Holding(s) in Company (2515Z)
05 Marzo 2013 - 11:58AM
UK Regulatory
TIDMTT.
RNS Number : 2515Z
TUI Travel PLC
05 March 2013
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
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1. Identity of the issuer or the underlying TUI Travel PLC
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
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An acquisition or disposal of qualifying financial instruments YES
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 YES
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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)
------------------ ------------------------------------------------------------------- --------
3. Full name of person(s) subject TUI AG, a company incorporated in Germany
to the whose registered office is at Karl-Wiechert-
notification obligation: (iii) 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 date 26 Feb 2013
on Threshold has not been crossed. Notification
which the threshold is crossed is made in respect of the exercise
or (in part) and the lapse (in part) of
reached: (v) a call option over TUI Travel plc shares.
TUI AG retains, for the time being,
an indirect interest in the TUI Travel
Plc shares underlying the lapsed part
of the call option, hence its aggregate
interest remains the same.
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6. Date on which issuer notified: 04 Mar 2013
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7. Threshold(s) that is/are crossed Interest is unchanged at 58.08% (as
or disclosed under a separate TR-1 notification
reached: (vi, vii) dated 07 February 2013). See note in
box 5 above.
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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 Situation previous Resulting situation after the triggering
of to the triggering transaction
shares transaction
if possible
using
the ISIN CODE
-------------- ------------------------------ ------------------------------------------------------------------------
Number Number Number Number of voting % of voting rights
of of of shares rights (x)
Shares Voting
Rights
-------------- -------------- -------------- -------------- ------------------------------ ------------------------
Direct Direct Indirect Direct Indirect
(xi) (xii)
-------------- ----- ------- ------ ----- -------------- ---------------- ------------ ---------- ------------
215,073,864
(see note
2, section
GB00B1Z7RQ77 630,988,003 630,988,003 415,914,139 415,914,139 13) 37.2% 19.2%
-------------- -------------- -------------- -------------- ---------------- ------------ ---------- ------------ -------------------------------------------------------
B: Qualifying Financial Instruments
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Resulting situation after the triggering transaction
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Type of financial Expiration Exercise/ Number of voting % of voting
instrument date (xiii) Conversion Period rights that may rights
(xiv) be
acquired if the
instrument is
exercised/converted.
--------------------- --------------- ------------------------------- --------------------------- ------------------
From 16 January 106,238,950 (see
15 April 2011 to 15 April note 2, section
Call Option 2013 2013 13) 9.5%
--------------------- --------------- ------------------------------- --------------------------- ------------------
28 July 2014,
subject to terms 86,967,049 (see
Contingent Forward 28 July allowing for earlier note 3, section
Purchase Agreement 2014 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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Type of Exercise Expiration Exercise/ Number of voting % of voting rights
financial price date (xvii) Conversion rights instrument (xix, xx)
instrument period refers to
(xviii)
-------------- -------------- ------------- --------------- ------------------------------ ------------------------
Convertible GBP3.8234 27 April From 7 18,308,312 Nominal Delta
bonds 2017 June 2010 (calculated on a
acquired subject delta- adjusted
pursuant to to certain basis (see note
a Contingent conditions 1, section 13))
Forward
Purchase
Agreement
-------------- -------------- ------------- --------------- ------------------------------ ----------- -----------
1.64%
-------------- ----- ------- ------ ----- -------------- ------- ------- ------------ ----------- -----------
101,457,879 (see
Exchangeable 15 April note 2, section
Bonds EUR3.0318 2013 13) 9.07%
-------------- -------------- ------------- --------------- ------------------------------ ----------- -----------
Total (A+B+C)
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Number of voting rights Percentage of voting rights
-------------------------------------------------------------- --------------------------------------------------------
649,296,315 58.08% (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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(1) TUI AG is required under the Disclosure
13. Additional information: 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 may,
from time to time, result 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) Following the exercise of the
exchange rights by holders of exchangeable
bonds relating to 42,185,524 underlying
TUI Travel PLC shares, TUI has exercised
Call Options over 20,317,659 shares
and Call Options over 21,867,865 shares
have lapsed leaving TUI with Call
Options over 106,238,950 shares. Exchangeable
Bonds underlying 4,782,566 shares
have not been exchanged by external
investors. It is expected that these
106,238,950 shares will be transferred
to TUI AG pursuant to the exercise
of put options in March 2013.Until
final settlement of the Exchangeable
Bonds, TUI AG will retain an indirect
interest in all shares underlying
the Call Options (whether exercised,
lapsed or still outstanding) by virtue
of a voting rights agreement.
TUI AG holds exchangeable bonds in
respect of 101,456,384 of the indirectly-held
shares referred to above. Given that
TUI AG already holds (and has disclosed
in 8A) an interest in the shares underlying
these exchangeable bonds, TUI AG's
interest in the bonds does not increase
its aggregate interest in shares in
TUI Travel PLC. 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 58.08% interest
referred to in section 8 above is
equivalent to 51.65% 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
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