Action Hotels PLC Holding(s) in Company (4514Z)
15 March 2017 - 1:21AM
UK Regulatory
TIDMAHCG
RNS Number : 4514Z
Action Hotels PLC
14 March 2017
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
------------------------------------------------------------------------------------------
1. Identity of the issuer or Action Hotels PLC
the 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 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) Blakeney LLP
subject to the
notification obligation:
(iii)
---------------------------------------------------------- ------------------------------
4. Full name of shareholder(s) Blakeney LLP as investment
(if different from 3.):(iv) advisor manager of the funds
listed in Section 9.
---------------------------------------------------------- ------------------------------
5. Date of the transaction 13(th) March 2017
and date on
which the threshold is
crossed or
reached: (v)
---------------------------------------------------------- ------------------------------
6. Date on which issuer 14(th) March 2017
notified:
---------------------------------------------------------- ------------------------------
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 Situation previous Resulting situation after the
of to the triggering triggering transaction
shares transaction
if possible
using
the ISIN
CODE
------------- -------------------------------------------- ----------------------------------------------------------------
Number Number Number Number of % of voting
of of of shares voting rights (x)
Shares Voting rights
Rights
------------- -------------------------- ---------------- ------------- ---------------------- -------------------------
Direct Direct Indirect Direct Indirect
(xi) (xii)
------------- --------- ----------- ------------ ------------- --------- ----------- ------------ -----------
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 Expiration Exercise/ Number of voting % of voting
financial date Conversion rights that rights
instrument (xiii) Period (xiv) may be
acquired if
the
instrument
is
exercised/
converted.
----------------- ------------------------ ------------------------------- ------------------------ ---------------------
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 Exercise Expiration Exercise/ Number of voting % of voting
financial price date Conversion rights instrument rights (xix,
instrument (xvii) period refers to xx)
(xviii)
--------------- ----------- --------------- --------------------------- ------------------------ -----------------------
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 Resulting % of Total
Number Number of Issued Share
of ordinary options equal Capital incl
Shares to ordinary options
Shares on
conversion
----------- ------------- --------------- --------------
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 Not applicable
holder will cease to hold:
--------------------------------------------- ------------------
12. Date on which proxy holder will Not applicable
cease to hold voting rights:
--------------------------------------------- ------------------
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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