TIDMAPR TIDMGEC

RNS Number : 7883C

APR Energy PLC

21 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) 
------------------------------------------------------  ------------------------------------ 
 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): 
-------------------  --------------------------------------------------------------  ------- 
 3. Full name of person(s) subject                       GENERAL ELECTRIC COMPANY 
  to the 
  notification obligation: (iii) 
--------------------------------------------  ---------------------------------------------- 
 4. Full name of shareholder(s) 
  (if different from 3.):(iv) 
--------------------------------------------  ---------------------------------------------- 
 5. Date of the transaction and date           The threshold was crossed on 24 October 
  on                                            2014 
  which the threshold is crossed 
  or 
  reached: (v) 
--------------------------------------------  ---------------------------------------------- 
 6. Date on which issuer notified:             Form TR-1 received by issuer on 21 
                                                January 2015 
--------------------------------------------  ---------------------------------------------- 
 7. Threshold(s) that is/are crossed 
  or 
  reached: (vi, vii)                           17% 
--------------------------------------------  ---------------------------------------------- 
 
 
 
 8. Notified details: 
----------------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares (viii, ix) 
----------------------------------------------------------------------------------------------------------------------------- 
 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 (xi)     Indirect   Direct         Indirect 
                                                                                          (xii) 
--------------  -----  -----  ----  ----  -----  ------  -------------  --------------  ---------  -------------  ----------- 
 GB000B58D4C52   16,055,648(1)       16,055,648(1)        15,453,129     15,453,129      499,853       16.39%        0.53% 
                ------------------  -------------------  -------------  --------------  ---------  -------------  ----------- 
 
 
 B: Qualifying Financial Instruments 
----------------------------------------------------------------------------------------------------------------------------- 
 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) 
----------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
----------------------------------------------------------------------------------------------------------------------------- 
 Type of financial      Exercise           Expiration     Exercise/      Number of voting             % of voting rights 
  instrument             price              date (xvii)    Conversion     rights instrument            (xix, xx) 
                                                           period         refers to 
                                                           (xviii) 
---------------------  -----------------  -------------  -------------  ---------------------------  ------------------------ 
                                                                                                      Nominal        Delta 
---------------------  -----------------  -------------  -------------  ---------------------------  -------------  --------- 
 
 
 Total (A+B+C) 
----------------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                               Percentage of voting rights 
--------------------------------------------------------------------  ------------------------------------------------------- 
 15,952,982(2)                                                         16.92%(2) 
--------------------------------------------------------------------  ------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the 
  financial instruments are effectively held, if applicable: (xxi) 
------------------------------------------------------------------------------------------ 
 
   15,453,129 voting rights are held directly by General Electric International 
   Inc. 
 
   Prior to the triggering transactions effected on the 24 October 2014, 
   656,044 shares were held indirectly by GE Asset Management. GE Asset 
   Management and General Electric International Inc. are both wholly owned 
   subsidiaries of General Electric Company. 
 
   On 24 October 2014 GE Asset Management sold 156,191 shares in APR Energy 
   PLC. 
 
   As a result of this transaction General Electric's combined direct and 
   indirect shareholding fell below the 17% threshold to 16.92%. 
 
 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:                 1. The shares disposed of were held 
                                              indirectly by General Electric Company 
                                              through the following funds managed 
                                              by GE Asset Management and for which 
                                              GE Asset Management has voting discretion 
                                              over the shares held by the funds: 
                                              State of Tennessee, Tennessee Consolidated 
                                              Retirement System, LPI Atiker Europa 
                                              III, the General Electric Pension 
                                              Trust and GE Asset Management Funds 
                                              PLC - GEAM Europe Equity Fund. 
 
                                              2. The total number of voting rights/ 
                                              percentage of voting rights includes 
                                              the voting rights held indirectly 
                                              by General Electric Company through 
                                              funds managed by GE Asset Management, 
                                              as referred to above in Note 1. 
-----------------------------------------  ----------------------------------------------- 
 14. Contact name:                          Brian Henry 
-----------------------------------------  ----------------------------------------------- 
 15. Contact telephone number:              T: (+1) (678) 844-5665 
 
                                             M: (+1) (404) 293-8893 
-----------------------------------------  ----------------------------------------------- 
 
 
 
 Note: Annex should only be submitted to the FCA not the issuer 
 Annex: Notification of major interests in share 
 
 A: Identity of the persons or legal entity subject to the notification 
  obligation 
------------------------------------------------------------------------------- 
 Full name                                   General Electric Company 
  (including legal form of legal entities) 
------------------------------------------  ----------------------------------- 
 Contact address                             3135 Easton Turnpike Fairfield, CT 
  (registered office for legal entities)      06828-0001 United States 
------------------------------------------  ----------------------------------- 
 Phone number & email                        Telephone: (+1) (678) 844-5665 
 
                                              Email: brian.henry@ge.com 
------------------------------------------  ----------------------------------- 
 Other useful information                    Executive Counsel, M&A 
  (at least legal representative for 
  legal persons) 
------------------------------------------  ----------------------------------- 
 
 B: Identity of the notifier, if applicable 
------------------------------------------------------------------------------- 
 Full name                                   General Electric Company 
------------------------------------------  ----------------------------------- 
 Contact address                             3135 Easton Turnpike Fairfield, CT 
                                              06828-0001 United States 
------------------------------------------  ----------------------------------- 
 Phone number & email                        Telephone: (+1) (678) 844-5665 
 
                                              Email: brian.henry@ge.com 
------------------------------------------  ----------------------------------- 
 Other useful information                    Executive Counsel, M&A 
  (e.g. functional relationship with 
  the person or legal entity subject 
  to the notification obligation) 
------------------------------------------  ----------------------------------- 
 
 C: Additional information 
------------------------------------------------------------------------------- 
 
 For notes on how to complete form TR-1 please see the FCA website. 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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