TIDMAPR

RNS Number : 2230L

APR Energy PLC

08 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

8 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 and Disposal of Major Proportion of Voting Rights, and Transactions by Persons Discharging Managerial Responsibilities

APR Energy announces that, as a result of the recommended cash offer for APR Energy being declared unconditional in all respects by Bidco on 5 January 2016, it has received the following notifications from Bidco, JCLA Cayman Limited and John Campion and Laurence Anderson, respectively:

-- from Bidco pursuant to DTR 5.1.2 and DTR 5.8, notifying APR Energy that it has acquired 44,400,262 ordinary shares of APR Energy carrying 47.1% of the total voting rights;

-- from JCLA Cayman Limited pursuant to DTR 5.1.2 and DTR 5.8, notifying APR Energy that it has disposed of 2,429,512 ordinary shares of APR Energy, taking its holding of the total voting rights from 7.4% to 4.8%; and

-- from John Campion and Laurence Anderson pursuant to DTR 3.1.2, notifying APR Energy of the above disposal of ordinary shares of APR Energy by JCLA Cayman Limited, a connected person of each of them.

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                                      5 and 6 January 2016 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-------------------------------------------------------------  ---------------------- 
 6. Date on which issuer                                               7 January 2016 
  notified: 
-------------------------------------------------------------  ---------------------- 
 7. Threshold(s) that is/are 
  crossed or 
  reached: (vi, vii)                                                           47.1 % 
-------------------------------------------------------------  ---------------------- 
 
 
 
 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   Nil               Nil                44,400,262                               47.1 
-------------  ----------------  -----------------  --------------  ---------  ------------  ------------  ----------- 
 
 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 
----------------------------------------------------  ---------------------------------------------------------------- 
 44,400,262                                            47.1 
----------------------------------------------------  ---------------------------------------------------------------- 
 
 
 
 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: 
-------------------------------------------------------------  -------------------------- 
 

(MORE TO FOLLOW) Dow Jones Newswires

January 08, 2016 02:00 ET (07:00 GMT)

 
  13. Additional information: 
-------------------------------------------------------------  -------------------------- 
 14. Contact name:                                              Ondra Partners (financial 
                                                                                 adviser) 
                                                                        Cassandre Danoux, 
                                                                           Robert Hingley 
-------------------------------------------------------------  -------------------------- 
 15. Contact telephone number:                                       +44 (0) 20 7082 8750 
-------------------------------------------------------------  -------------------------- 
 
 
 
 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                                  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)                                          JCLA Cayman Limited 
  subject to the 
  notification obligation: 
  (iii) 
-----------------------------------------------------------  --------------------------------- 
 4. Full name of shareholder(s)                               Vidacos Nominees Limited and 
  (if different from 3.):(iv)                                  Pershing Nominees Limited, 
                                                               each a nominee for JCLA Cayman 
                                                               Limited 
-----------------------------------------------------------  --------------------------------- 
 5. Date of the transaction                                            5 January 2016 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-----------------------------------------------------------  --------------------------------- 
 6. Date on which issuer                                               7 January 2016 
  notified: 
-----------------------------------------------------------  --------------------------------- 
 7. Threshold(s) that is/are 
  crossed or 
  reached: (vi, vii)                                                     7%, 6%, 5% 
-----------------------------------------------------------  --------------------------------- 
 
 
 
 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 voting               % of voting 
                 of               of               of shares      rights                         rights (x) 
                 Shares           Voting 
                                  Rights 
-------------  ---------------  ---------------  -------------  -----------------------------  ----------------------- 
                                                  Direct         Direct (xi)     Indirect       Direct      Indirect 
                                                                                  (xii) 
-------------      -----------    -----------    -------------  --------------  -------------  ----------  ----------- 
 Ordinary 
 shares 
 GB00B58D4C52   6,941,463        6,941,463        4,511,951      4,511,951       0              4.8%        0 
               ---------------  ---------------  -------------  --------------  -------------  ----------  ----------- 
 
 
 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. 
-----------------  -------------  ------------------------------  -----------------------------  --------------------- 
 N/A                N/A            N/A                             N/A                            N/A 
-----------------  -------------  ------------------------------  -----------------------------  --------------------- 
 
 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) 
---------------  -------------  -------------  -------------  -----------------------------  ------------------------- 
 N/A              N/A            N/A            N/A                                           Nominal       Delta 
---------------  -------------  -------------  -------------                                 ------------  ----------- 
                                                               N/A                            N/A           N/A 
-------------      -----------    -----------    -----------  -----------------------------  ------------  ----------- 
 
 Total (A+B+C) 
---------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                       Percentage of voting rights 
------------------------------------------------------------  -------------------------------------------------------- 
 4,511,951                                                     4.8% 
------------------------------------------------------------  -------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
------------------------------------------------------------------------------------------ 
                                                                                       N/A 
 
 Proxy Voting: 
------------------------------------------------------------------------------------------ 
 10. Name of the proxy holder:                                                         N/A 
-------------------------------------------------------  --------------------------------- 
 11. Number of voting rights proxy                                                     N/A 
  holder will cease 
  to hold: 
-------------------------------------------------------  --------------------------------- 
 12. Date on which proxy holder will                                                   N/A 
  cease to hold 
  voting rights: 
-------------------------------------------------------  --------------------------------- 
 
                                                          Disposal of shares pursuant 
  13. Additional information:                              to the acceptance of a takeover 
                                                           offer which has been declared 
                                                           unconditional in all respects. 
-------------------------------------------------------  --------------------------------- 

(MORE TO FOLLOW) Dow Jones Newswires

January 08, 2016 02:00 ET (07:00 GMT)

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