Abrdn Property Regulatory News (API)

23 Jan 2008 10:22

API Group PLC23 January 2008 For filings with the FSA include the annexFor filings with issuer exclude the annex TR-1: Notifications of Major Interests in Shares 1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: API GROUP PLC(COMPANY NO.00169249) 2. Reason for notification (please place an X inside the appropriate bracket/s): An acquisition or disposal of voting rights: (NO) An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached: (NO) An event changing the breakdown of voting rights: (YES) Other (please specify) : (N/A) 3. Full name of person(s) subject to notification obligation: STEEL PARTNERS II,L.P;STEEL PARTNERS II GP LLC;STEEL PARTNERS LLC;WARREN C LICHTENSTEIN ("WGL"); ANDWEBFINANCIAL CORPORATION. 4. Full name of shareholder(s) (if different from 3) : STEEL PARTNERS II, L.P.WEBFINANCIAL CORPORATION 5. Date of transaction (and date on which the threshold is crossed or reached if different): 18 JANUARY 2008 6. Date on which issuer notified: 22 JANUARY 2008 7. Threshold(s) that is/are crossed or reached: CROSSED: 30 PER CENT, 31 PER CENT.,32 PER CENT., 33 PER CENT., 34 PER CENT., 35 PER CENT REACHED: 35.66PER CENT. 8. Notified Details: A: Voting rights attached to shares Class/type of shares Situation previous to if possible use the Triggering transaction ISIN CODE Number of shares Number of voting Rights ORDINARY SHARES 10,150,000 10,150,000GB0000592062 Resulting situation after the triggering transaction Class/type of shares Number of shares Number of voting rights % of voting rights if possible use ISIN CODE Direct Indirect Direct Indirect 25,007,713 25,007,713 25,007,713 35.66% 35.66% B: Financial Instruments Resulting situation after the triggering transaction Type of Expiration date Exercise/conversion No. of voting % of voting financial period/date rights that may rights instrument be acquired (if the instrument exercised/ converted) N/A Total (A+B)Number of voting rights % of voting rights 25,007,713 35.66 PERCENT 9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: Steel Partners II GP LLC is the general partner of Steel Partners II, L.P. SteelPartners LLC is the investment manager of Steel Partnes II, L.P. and as suchcontrols the voting rights attached to the shares of API Group plc which areheld by Steel Partners II, L.P. under the supervision and oversight of SteelPartners II GP LLC. As Steel Partners LLC is managed by WGL and WGL is also themanaging member of Steel Partners II GP LLC, WGL may be considered to be theultimate controller of such voting rights attached to such shares. Webfinancial Corporation is owned as to 76% by Steel Partners II, L.P. Proxy Voting: 10. Name of proxy holder: N/A 11. Number of voting rights proxy holder will cease to hold: N/A 12. Date on which proxy holder will cease to hold voting rights: N/A 13. Additional information: 14. Contact name: ANDREA FALL 15. Contact telephone number: 001 212 520 2310 This information is provided by RNS The company news service from the London Stock Exchange