APR Energy PLC Holding(s) in Company (4541B)
06 Januar 2015 - 4:48PM
UK Regulatory
TIDMAPR
RNS Number : 4541B
APR Energy PLC
06 January 2015
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
--------------------------------------------------
1. Identity of the issuer or the underlying APR Energy 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 ü
------------------------------------------------------------------------------------------------------------- ------------
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
specify):
---------------------- ------------------------------------------------------------------------------------- ------------
3. Full name of person(s) subject Fairfax Financial Holdings Limited
to the ("FFHL")
notification obligation: (iii)
-------------------------------------------------------------- -----------------------------------------------------------
4. Full name of shareholder(s) United States Fire Insurance Company
(if different from 3.):(iv) Odyssey Reinsurance Company
Zenith Insurance Company
RiverStone Insurance (UK) Limited
Advent Capital (Holdings) Limited
Newline Corporate Name Limited
First Capital Insurance Limited
(together, the "Shareholders")
-------------------------------------------------------------- -----------------------------------------------------------
5. Date of the transaction and date 02/01/2015
on
which the threshold is crossed
or
reached: (v)
-------------------------------------------------------------- -----------------------------------------------------------
6. Date on which issuer notified: 06/01/2015
-------------------------------------------------------------- -----------------------------------------------------------
7. Threshold(s) that is/are crossed
or
reached: (vi, vii) 18%
-------------------------------------------------------------- -----------------------------------------------------------
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)
-------------- ---- ------- ------ ----- ---------------- ------- ----------- --------- -----------------
ordinary
shares
ISIN CODE:
GB00B58D4C52 12,418,719 12,418,719 Nil Nil 17,248,719 Nil% 18.3%
------------------ ----------------- ---------------- ------- ----------- --------- -----------------
B: Qualifying Financial Instruments
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Resulting situation after the triggering transaction
---------------------------------------------------------------------------------------------------------------------------
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.
------------------------- --------------- --------------------------- ------------------------ ------------------------
C: Financial Instruments with similar economic effect to Qualifying Financial
Instruments (xv, xvi)
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Resulting situation after the triggering transaction
---------------------------------------------------------------------------------------------------------------------------
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)
---------------- ---------------- ------------- -------------------- ------------------------ ------------------------
Nominal Delta
---------------- ---------------- ------------- -------------------- ------------------------ ---------- ------------
Total (A+B+C)
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Number of voting rights Percentage of voting rights
----------------------------------------------------------------- --------------------------------------------------------
17,248,719 18.3%
----------------------------------------------------------------- --------------------------------------------------------
9. Chain of controlled undertakings through which the voting rights and/or
the
financial instruments are effectively held, if applicable: (xxi)
---------------------------------------------------------------------------------------------------------------------------
Further to transactions carried out on 27(th) October 2014, 3(rd) November
2014 and 2(nd) January 2015, as of 2(nd) January 2015, certain Shareholders
had collectively purchased an additional 4,830,000 ordinary shares (in
aggregate) in APR Energy PLC ("APR Shares"), triggering a notification
requirement relating to that date. In particular:
* Zenith Insurance Company owns 3,075,500 APR Shares
(consisting of 2,220,800 APR Shares it already owned
prior to 27(th) October 2014 and 88,000 APR Shares
purchased on 27(th) October 2014, and 766,700 APR
Shares purchased on 2(nd) January 2015);
* RiverStone Insurance (UK) Limited owns 2,571,370 APR
Shares (consisting of 1,877,370 APR Shares it already
owned prior to 27(th) October 2014 and 53,000 APR
Shares purchased on 27(th) October 2014, and 641,000
APR Shares purchased on 2(nd) January 2015);
* United States Fire Insurance Company owns 3,603,499
APR Shares (consisting of 2,572,699 APR Shares it
already owned prior to 27(th) October 2014 and
132,500 APR Shares purchased on 27(th) October 2014,
and 898,300 APR Shares purchased on 2(nd) January
2015);
* Odyssey Reinsurance Company owns 3,437,950 APR Shares
(consisting of 2,412,850 APR Shares it already owned
prior to 27(th) October 2014 and 138,000 APR Shares
purchased on 27(th) October 2014, 30,000 APR Shares
purchased on 3(rd) November 2014, and 857,100 APR
Shares purchased on 2(nd) January 2015);
* First Capital Insurance Limited owns 2,082,700 APR
Shares (consisting of 1,475,000 APR Shares it already
owned prior to 27(th) October 2014 and 88,500 APR
Shares purchased on 27(th) October 2014, and 519,200
APR Shares purchased on 2(nd) January 2015);
* Advent Capital (Holdings) Limited owns 303,700 APR
Shares (consisting of 228,000 APR Shares already
owned prior to 27(th) October 2014, and 75,700 APR
Shares purchased on 2(nd) January 2015); and
* Newline Corporate Name Limited owns 2,174,000 APR
Shares (consisting of 1,632,000 APR Shares it already
owned prior to 27(th) October 2014, and 542,000 APR
Shares purchased on 2(nd) January 2015).
APR Energy PLC has 94,251,622 ordinary shares in issue, of which the
Shareholders now collectively own 17,248,719 ordinary shares. Therefore,
the Shareholders collectively hold 18.3% of the voting rights in APR
Energy PLC.
Each of: (i) United States Fire Insurance Company; (ii) Odyssey Reinsurance
Company; (iii) Zenith Insurance Company; (iv) RiverStone Insurance (UK)
Limited; (v) Advent Capital (Holdings) Limited; and (vi) Newline Corporate
Name Limited is held 100% directly or indirectly by FFHL, and First Capital
Insurance Limited is held 97.70% indirectly by FFHL.
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:
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13. Additional information:
------------------------------------- -------------------------------------
14. Contact name: Paul Rivett, President
Derek Bulas, AVP, Legal
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15. Contact telephone number: Tel: +1.416.367.4941
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This information is provided by RNS
The company news service from the London Stock Exchange
END
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