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Holding(s) in Company

20 Oct 2014 17:12

RNS Number : 8083U
APR Energy PLC
20 October 2014
 



For filings with the FCA include the annex

For filings with issuer exclude the annex

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii

APR Energy PLC

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

ü

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 specify):

3. Full name of person(s) subject to thenotification obligation: iii

Fairfax Financial Holdings Limited ("FFHL")

4. Full name of shareholder(s)  (if different from 3.):iv

United States Fire Insurance Company

Odyssey Reinsurance Company

Zenith Insurance Company

RiverStone Insurance (UK) Limited

Advent Capital (Holdings) Limited

 Newline Corporate Name Limited

First Capital Insurance Limited

(together, the "Shareholders")

5. Date of the transaction and date onwhich the threshold is crossed orreached: v

16/10/2014

6. Date on which issuer notified:

20/10/2014

7. Threshold(s) that is/are crossed orreached: vi, vii

12%

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

 

ordinary shares

 

ISIN CODE: GB00B58D4C52

10,689,719

10,689,719

Nil

Nil

11,748,719

 

Nil%

12.47%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate xiii

Exercise/Conversion Period xiv

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financialinstrument

Exercise price

Expiration date xvii

Exercise/Conversion period xviii

Number of voting rights instrument refers to

 

% of voting rights xix, xx

 

 

 

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

11,748,719

 

12.47%

9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi

 

Further to transactions carried out on 2nd, 14th and 16th October 2014, as of 16th October 2014, certain Shareholders had collectively purchased an additional 1,059,000 ordinary shares (in aggregate) in APR Energy PLC ("APR Shares"), triggering a notification requirement relating to that date. In particular:

 

· Zenith Insurance Company owns 2,109,900 APR Shares (consisting of 1,923,500 APR Shares it already owned prior to 16th October 2014 and 22,000 APR Shares purchased on 2nd October 2014, 21,100 APR Shares purchased on 14th October 2014, and 143,300 APR Shares purchased on 16th October 2014);

 

· RiverStone Insurance (UK) Limited owns 1,810,570 APR Shares (consisting of 1,698,270 APR Shares it already owned prior to 16th October 2014 and 13,300 APR Shares purchased on 2nd October 2014, 12,700 APR Shares purchased on 14th October 2014, and 86,300 APR Shares purchased on 16th October 2014);

 

· United States Fire Insurance Company owns 2,405,799 APR Shares (consisting of 2,125,199 APR Shares it already owned prior to 16th October 2014 and 33,100 APR Shares purchased on 2nd October 2014, 31,800 APR Shares purchased on 14th October 2014, and 215,700 APR Shares purchased on 16th October 2014);

 

· Odyssey Reinsurance Company owns 2,198,950 APR Shares (consisting of 1,906,750 APR Shares it already owned prior to 16th October 2014 and 34,500 APR Shares purchased on 2nd October 2014, 33,100 APR Shares purchased on 14th October 2014, and 224,600 APR Shares purchased on 16th October, 2014);

 

· First Capital Insurance Limited owns 1,363,500 APR Shares (consisting of 1,176,000 APR Shares it already owned prior to 16th October 2014 and 22,100 APR Shares purchased on 2nd October 2014, 21,300 APR Shares purchased on 14th October 2014, and 144,100 APR Shares purchased on 16th October, 2014).

 

Advent Capital (Holdings) Limited already owned 228,000 APR Shares and Newline Corporate Name Limited already owned 1,632,000 APR Shares, prior to 2nd October 2014.

 

APR Energy PLC has 94,251,622 ordinary shares in issue, of which the Shareholders now collectively own 11,748,719 ordinary shares. Therefore, the Shareholders collectively hold 12.47% of the voting rights in APR Energy PLC.

 

Each of: (i) United States Fire Insurance Company; (ii) Odyssey Reinsurance Company; (iii) Zenith Insurance Company; (iv) RiverStone Insurance (UK) Limited; (v) Advent Capital (Holdings) Limited; and (vi) Newline Corporate Name Limited is held 100% directly or indirectly by FFHL, and First Capital Insurance Limited is held 97.70% indirectly by FFHL.

 

 

 

 

 

Proxy Voting:

10. Name of the proxy holder:

N/A

11. Number of voting rights proxy holder will ceaseto hold:

N/A

12. Date on which proxy holder will cease to holdvoting rights:

N/A

13. Additional information:

14. Contact name:

Paul Rivett, President

Derek Bulas, AVP, Legal

15. Contact telephone number:

Tel: +1.416.367.4941

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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