Holding(s) in Company (5920O)
20 September 2011 - 3:51PM
UK Regulatory
TIDMTT.
RNS Number : 5920O
TUI Travel PLC
20 September 2011
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
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1. Identity of the issuer or TUI Travel 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):
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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) TUI AG, a company incorporated
subject to the in Germany whose registered
notification obligation: office is at Karl-Wiechert-
(iii) Allee 4, 30625 Hannover, Germany
----------------------------------- -----------------------------------------
4. Full name of shareholder(s) As above
(if different from 3.):(iv)
----------------------------------- -----------------------------------------
5. Date of the transaction 19 September 2011
and date on
which the threshold is crossed
or
reached: (v)
----------------------------------- -----------------------------------------
6. Date on which issuer 20 September 2011
notified:
----------------------------------- -----------------------------------------
7. Threshold(s) that is/are Aggregate interest (boxes
crossed or 8A-8C) from 55% to 56%
reached: (vi, vii)
----------------------------------- -----------------------------------------
8. Notified details:
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A: Voting rights attached to shares (viii, ix)
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Class/type
of
shares
if possible
using Situation previous
the ISIN to the triggering Resulting situation after the
CODE transaction triggering transaction
-------------- -------------------------- -------------------------------------------------------------
Number
Number of
of Voting Number Number of voting % of voting
Shares Rights of shares rights rights (x)
-------------- ------------ ------------ ------------ -------------------------- -------------------
Direct Indirect
Direct (xi) (xii) Direct Indirect
-------------- ------------ ------------ ------------ ------------ ------------ -------- ---------
GB00B1Z7RQ77 620,137,750 620,137,750 395,596,480 395,596,480 224,541,270 35.4% 20.1%
-------------- ------------ ------------ ------------ ------------ ------------ -------- ---------
B: Qualifying Financial Instruments
---------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
---------------------------------------------------------------------------------------------------------
Number of voting
rights that
may be
acquired if
the
Type of Expiration Exercise/ instrument
financial date Conversion is % of voting
instrument (xiii) Period (xiv) exercised/converted. rights
-------------- ------------ -------------------------- -------------------------- -------------------
From 16 January 137,574,221
9 March 2011 to 9 (see note 2,
Call Option 2013 March 2013 section 13) 12.3%
-------------- ------------ -------------------------- -------------------------- -------------------
31 March 2013,
Contingent subject to
Forward terms allowing 86,967,049
Purchase 31 March for earlier (see note 3,
Agreement 2013 settlement section 13) 7.8%
-------------- ------------ -------------------------- -------------------------- -------------------
C: Financial Instruments with similar economic effect
to Qualifying Financial Instruments (xv, xvi)
---------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
---------------------------------------------------------------------------------------------------------
Exercise/
Type of Expiration Conversion Number of voting % of voting
financial Exercise date period rights instrument rights (xix,
instrument price (xvii) (xviii) refers to xx)
-------------- ------------ ------------ ------------ -------------------------- -------------------
Convertible
bonds
acquired 8,892,609
pursuant to a From 7 June (calculated
Contingent 2010 on a delta-
Forward subject to adjusted basis
Purchase 27 April certain (see note 1,
Agreement GBP3.8234 2017 conditions section 13)) Nominal Delta
-------------- ------------ ------------ ------------ -------------------------- -------- ---------
0.80%
-------------- ------------ ------------ ------------ ------------ ------------ -------- ---------
Total (A+B+C)
---------------------------------------------------------------------------------------------------------
Number of voting rights Percentage of voting rights
------------------------------------------ -------------------------------------------------------------
629,030,359 56.26% (please see note (4),
section 13)
------------------------------------------ -------------------------------------------------------------
9. Chain of controlled undertakings through which the
voting rights and/or the
financial instruments are effectively held, if applicable:
(xxi)
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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:
--------------------------------------- -------------------------------------
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) 137,574,221 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 56.26%
interest referred to in section
8 above is equivalent to
50.83% of TUI Travel PLC's
share capital on a fully
diluted basis.
------------------------------------- ---------------------------------------
14. Contact name: N/A
------------------------------------- ---------------------------------------
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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