Holding(s) in Company (9614Y)
05 Januar 2011 - 2:22PM
UK Regulatory
TIDMTT. TIDM0NLA
RNS Number : 9614Y
TUI Travel PLC
05 January 2011
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
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1. Identity of the issuer or the TUI Travel PLC
underlying issuer of existing shares
to which voting rights are
attached:
------------------------------------- ---------------------------------------
2 Reason for the notification (please tick the appropriate box or boxes):
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An acquisition or disposal of voting rights
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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 Change in delta relating to YES
specify): instruments with similar economic
effect to qualifying financial
instruments (see note 1, section
13)
--------------------------------- ------------------------------------- ----
3. Full name of person(s) subject TUI AG, a company incorporated in
to the Germany whose registered office is at
notification obligation: Karl-Wiechert- Allee 4, 30625 Hannover,
Germany
----------------------------------- -----------------------------------------
4. Full name of shareholder(s) As above
(if different from 3.):
----------------------------------- -----------------------------------------
5. Date of the transaction and 04 January 2011
date on which the threshold is
crossed or reached:
----------------------------------- -----------------------------------------
6. Date on which issuer notified: 05 January 2011
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7. Threshold(s) that is/are Aggregate interest (boxes 8A-8C) from
crossed or reached: 56% to 57%
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8. Notified details:
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A: Voting rights attached to shares
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Class/type of
shares if
possible Situation previous
using the to the triggering Resulting situation after the triggering
ISIN CODE transaction transaction
-------------- -------------------------- -------------------------------------------------------------
Number
Number of
of Voting Number Number of voting
Shares Rights of shares rights % of voting rights
-------------- ------------ ------------ ------------ -------------------------- -------------------
Direct Direct Indirect Direct Indirect
-------------- ------------ ------------ ------------ ------------ ------------ -------- ---------
GB00B1Z7RQ77 615,882,193 615,882,193 395,596,480 395,596,480 220,285,713 35.38% 19.70%
-------------- ------------ ------------ ------------ ------------ ------------ -------- ---------
B: Qualifying Financial Instruments
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Resulting situation after the triggering transaction
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Number of voting
rights that may
be
Type of acquired if the
financial Expiration Exercise/ instrument is % of voting
instrument date Conversion Period exercised/converted. rights
-------------- ------------ -------------------------- -------------------------- -------------------
From 16 January 133,318,664 (see
9 March 2011 to 9 March note 2, section
Call Option 2013 2013 13) 11.92%
-------------- ------------ -------------------------- -------------------------- -------------------
Contingent 31 March 2013,
Forward subject to terms 86,967,049 (see
Purchase 31 March allowing for earlier note 3, section
Agreement 2013 settlement 13) 7.78%
-------------- ------------ -------------------------- -------------------------- -------------------
C: Financial Instruments with similar economic effect to Qualifying Financial
Instruments
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Resulting situation after the triggering transaction
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Type of Exercise/ Number of voting
financial Exercise Expiration Conversion rights instrument
instrument price date period refers to % of voting rights
-------------- ------------ ------------ ------------ -------------------------- -------------------
Convertible
bonds
acquired
pursuant to a From 7 June 21,969,974
Contingent 2010 (calculated on a
Forward subject to delta- adjusted
Purchase 27 April certain basis (see note
Agreement GBP3.8234 2017 conditions 1, section 13)) Nominal Delta
-------------- ------------ ------------ ------------ -------------------------- -------- ---------
1.97%
-------------- ------------ ------------ ------------ --------------
Total (A+B+C)
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Number of voting rights Percentage of voting rights
------------------------------------------ -------------------------------------------------------------
637,852,167 57.05% (please see note (4), section
13)
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9. Chain of controlled undertakings through which the voting rights and/or
the
financial instruments are effectively held, if applicable:
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Proxy Voting:
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10. Name of the proxy holder: N/A
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11. Number of voting rights proxy N/A
holder will cease to hold:
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12. Date on which proxy holder will N/A
cease to hold voting rights:
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13. Additional information: (1) TUI AG is required under the
Disclosure and Transparency Rules to
disclose its interest in the
convertible bonds of TUI Travel PLC on
a delta-adjusted basis (see 8(c)
above). A change in the delta relating
to such bonds has resulted in a
notifiable change in TUI AG's
aggregate interest in the voting
rights of TUI Travel PLC, however TUI
AG's actual holding of convertible
bonds (on a nominal basis as well as
the number of TUI Travel PLC shares
underlying such bonds) has not changed
since the date of issue of such bonds
on 27 April 2010. (2) 133,318,664 of
those TUI Travel PLC shares in which
TUI AG has an indirect interest (as
referred to in 8A above) are the same
shares as those which it has a right
to acquire under the Call Option (as
referred to in 8B above). The
registered holder of such shares is
Nero Finance Limited. (3) 86,967,049
of those TUI Travel PLC shares in
which TUI AG has an indirect interest
(as referred to in 8A above) are the
same shares as those which it has a
right to acquire under the Contingent
Forward Purchase Agreement (as
referred to in 8B above). The
registered holder of such shares is
Antium Finance Limited. (4) TUI AG's
aggregate 57.05% interest referred to
in section 8 above is equivalent to
50.51% of TUI Travel PLC's share
capital on a fully diluted basis.
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14. Contact name: N/A
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15. Contact telephone number: N/A
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This information is provided by RNS
The company news service from the London Stock Exchange
END
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