Abrdn Property Regulatory News (API)

28 Aug 2007 18:15

API Group PLC28 August 2007 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 2. Reason for notification (yes/no): An acquisition or disposal of voting rights: (YES) An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached: ( ) An event changing the breakdown of voting rights: ( ) Other (please specify) : ( ) 3. Full name of person(s) subject to notification obligation: WYNNEFIELD CAPITAL INC AS UMBRELLA GENERAL MANAGER FOR FOUR SEPARATE FUNDS 4. Full name of shareholder(s) (if different from 3) : WYNNEFIELD PARTNERS SMALL CAP VALUE LPIWYNNEFIELD PARTNERS SMALL CAP VALUE LPWYNNEFIELD SMALL CAP VALUE OFFSHORE FUND LTDCHANNEL PARTNERSHIP II LLP 5. Date of transaction (and date on which the threshold is crossed or reached if different): 20 AUGUST 2007 6. Date on which issuer notified: 23 AUGUST 2007 7. Threshold(s) that is/are crossed or reached: FROM 21.42 UP TO 26% 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 7,380,000 7,380,000 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 ORDINARY 1,576,800 0 8,956,800 0 26% 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) Total (A+B)Number of voting rights % of voting rights 8,956,800 26% 9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: THE SHARES ARE REGISTERED IN THE NAME OF BEAR STEARNS & CO INC ON BEHALF OFWYNNEFIELD CAPITAL INC 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: N/A 14. Contact name: STEVE ZELKOWICZ 15. Contact telephone number: 001 212 760 0278 For notes on how to complete form TR-1 please see the FSA website. This information is provided by RNS The company news service from the London Stock Exchange