APR Energy PLC Holding(s) in Company (5148M)
21 January 2016 - 6:00PM
UK Regulatory
TIDMAPR
RNS Number : 5148M
APR Energy PLC
21 January 2016
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD
CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT
JURISDICTION
FOR IMMEDIATE RELEASE
21 January 2016
Recommended Cash Offer for APR Energy plc ("APR Energy")
By
Apple Bidco Limited ("Bidco"), an entity jointly controlled by
Fairfax Financial Holdings Limited
("Fairfax"), ACON Equity Management, LLC ("ACON") and Albright
Capital Management LLC
("ACM") (together the "Joint Bidders")
Notification of Acquisition of Major Proportion of Voting
Rights
APR Energy announces that it has received the following
notification from Bidco, notifying APR Energy that it has, as at 19
January 2016, acquired 61,344,953 ordinary shares of APR Energy
carrying 65.08% of the total voting rights of APR Energy.
Enquiries:
APR Energy plc + 1 904 223 8488
Lee Munro (investors) + 1 904 404 4576
Manisha Patel (investors) + 1 904 517 5135
Alan Chapple (media) + 1 904 223 2277
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
1. Identity of the issuer or APR Energy 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
-------------------------------------------------------------- -----------------------
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):
------------------------------------------------------------ -----------------------
3. Full name of person(s) Apple Bidco Limited
subject to the
notification obligation:
(iii)
------------------------------------------------------------- ------------------------
4. Full name of shareholder(s)
(if different from 3.):(iv)
------------------------------------------------------------- ------------------------
5. Date of the transaction 18 and 19 January 2016
and date on
which the threshold is
crossed or
reached: (v)
------------------------------------------------------------- ------------------------
6. Date on which issuer 20 January 2016
notified:
------------------------------------------------------------- ------------------------
7. Threshold(s) that is/are
crossed or
reached: (vi, vii) 65.08 %
------------------------------------------------------------- ------------------------
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)
------------- ------------ ------------- -------------- --------- ------------ ------------ -----------
Apple Bidco
Limited
Ordinary
Shares
ISIN:
GB00B58D4C52 59,773,009 63.41 61,344,953 65.08
------------- ---------------- ----------------- -------------- --------- ------------ ------------ -----------
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.
----------------- -------------- --------------------------------- ------------------------- ---------------------
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
---------------------------------------------------- ----------------------------------------------------------------
61,344,953 65.08
---------------------------------------------------- ----------------------------------------------------------------
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:
------------------------------------------------------------- --------------------------
11. Number of voting rights proxy
holder will cease
to hold:
------------------------------------------------------------- --------------------------
12. Date on which proxy holder will
cease to hold
voting rights:
------------------------------------------------------------- --------------------------
13. Additional information:
------------------------------------------------------------- --------------------------
14. Contact name: Ondra Partners (financial
adviser)
Cassandre Danoux,
Robert Hingley
------------------------------------------------------------- --------------------------
15. Contact telephone number: +44 (0) 20 7082 8750
------------------------------------------------------------- --------------------------
This information is provided by RNS
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