TUI Travel PLC Holding(s) in Company (3099Z)
09 Dezember 2014 - 7:06PM
UK Regulatory
TIDMTT. TIDM0NLA
RNS Number : 3099Z
TUI Travel PLC
09 December 2014
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
--------------------------------------------------
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):
------------------------------------------------------------------------------------------------------------
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 Acquisition of legal title to shares YES
specify): over which voting rights already held
(see note 2, 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 08 December 2014
and date on
which the threshold is
crossed or
reached: (v)
--------------------------------------------------------- -------------------------------------------------
6. Date on which issuer 09 December 2014
notified:
--------------------------------------------------------- -------------------------------------------------
7. Threshold(s) that is/are No change.
crossed or
reached: (vi, vii)
--------------------------------------------------------- -------------------------------------------------
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 Indirect Direct Indirect
(xi) (xii)
-------------- ------------ ------------ ------------- ------------- --------- -------- ---------
GB00B1Z7RQ77 609,120,138 609,120,138
609,120,138 609,120,138 50.03% 0.00%
(see
note
2, section
13)
-------------- ------------ ------------ ------------- ------------- --------- -------- ---------
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)
-------------- ------------ ------------ ------------- ------------------------ -------------------
Convertible GBP3.8234 27 April From 23,539,258 Nominal Delta
bonds 2017 7 June (calculated
acquired 2010 on a delta-
pursuant subject adjusted basis
to a to certain (see note 1,
Contingent conditions section 13))
Forward
Purchase
Agreement
-------------- ------------ ------------ ------------- ------------------------ -------- ---------
1.93%
-------------- ------------ ------------ ------------- ------------- --------- -------- ---------
Total (A+B+C)
--------------------------------------------------------------------------------------------------------
Number of voting rights Percentage of voting rights
------------------------------------------ ------------------------------------------------------------
632,659,396 51.96% (please see note 3,
section 13)
------------------------------------------ ------------------------------------------------------------
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: 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:
-------------------------------------------------------- ---------------------------------------
(1) TUI AG is required under
13. Additional information: 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 may, from time
to time, result 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. Such bonds
were transferred by Antium
Finance Limited to Deutsche
Bank AG, London Branch on
10 October 2013. In addition,
the maturity date of the
Contingent Forward Purchase
Agreement (pursuant to which
such bonds are held by Deutsche
Bank) has been extended from
28 July 2014 to 27 July 2016.
(2) As disclosed by TUI AG
in the TR-1 notification
dated 7 October 2014 TUI
AG was interested in 609,120,138
ordinary shares of 10 pence
each in the share capital
of TUI Travel plc. Also as
disclosed in the TR-1 notification
dated 7 October 2014, 86,967,049
of those 609,120,138 TUI
Travel PLC shares were legally
owned by Deutsche Nominees
Limited pursuant to a financing
arrangement with Deutsche
Bank AG. Under that financing
arrangement TUI AG had control
over the voting rights over
those 86,967,049 TUI Travel
PLC shares and held the economic
benefit of dividends and
other returns on those TUI
Travel PLC shares.
On 8 December 2014, those
86,967,049 TUI Travel PLC
shares were transferred from
Deutsche Nominees Limited
to TUI AG, following partial
early settlement of the relevant
financing arrangement. The
total number of TUI Travel
PLC shares over which TUI
AG controls the voting rights
remains unchanged, being
609,120,138 TUI Travel PLC
shares, representing 50.03
per cent. of the total number
of TTP Shares currently in
issue.
(3) TUI AG's aggregate 51.96%
interest referred to in section
8 above is equivalent to
50.03% of TUI Travel PLC's
share capital on a fully
diluted basis.
------------------------------------------------------ -----------------------------------------
14. Contact name: N/A
------------------------------------------------------ -----------------------------------------
15. Contact telephone number: N/A
------------------------------------------------------ -----------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
HOLDKLFBZLFEFBD
TUI Travel (LSE:TT.)
Historical Stock Chart
Von Jun 2024 bis Jul 2024
TUI Travel (LSE:TT.)
Historical Stock Chart
Von Jul 2023 bis Jul 2024
