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Holding(s) in Company

6 Jan 2015 15:48

RNS Number : 4541B
APR Energy PLC
06 January 2015
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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

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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

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) Β (if different from 3.):iv

United States Fire Insurance Company

Odyssey Reinsurance Company

Zenith Insurance Company

RiverStone Insurance (UK) Limited

Advent Capital (Holdings) Limited

Β 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

02/01/2015

6. Date on which issuer notified:

06/01/2015

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

18%

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

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ordinary shares

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ISIN CODE: GB00B58D4C52

12,418,719

12,418,719

Nil

Nil

17,248,719

Nil%

18.3%

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

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% of voting rights xix, xx

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Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

17,248,719

18.3%

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

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Further to transactions carried out on 27th October 2014, 3rd November 2014 and 2nd January 2015, as of 2nd January 2015, certain Shareholders had collectively purchased an additional 4,830,000 ordinary shares (in aggregate) in APR Energy PLC ("APR Shares"), triggering a notification requirement relating to that date. In particular:

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Β· Zenith Insurance Company owns 3,075,500 APR Shares (consisting of 2,220,800 APR Shares it already owned prior to 27th October 2014 and 88,000 APR Shares purchased on 27th October 2014, and 766,700 APR Shares purchased on 2nd January 2015);

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Β· RiverStone Insurance (UK) Limited owns 2,571,370 APR Shares (consisting of 1,877,370 APR Shares it already owned prior to 27th October 2014 and 53,000 APR Shares purchased on 27th October 2014, and 641,000 APR Shares purchased on 2nd January 2015);

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Β· United States Fire Insurance Company owns 3,603,499 APR Shares (consisting of 2,572,699 APR Shares it already owned prior to 27th October 2014 and 132,500 APR Shares purchased on 27th October 2014, and 898,300 APR Shares purchased on 2nd January 2015);

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Β· Odyssey Reinsurance Company owns 3,437,950 APR Shares (consisting of 2,412,850 APR Shares it already owned prior to 27th October 2014 and 138,000 APR Shares purchased on 27th October 2014, 30,000 APR Shares purchased on 3rd November 2014, and 857,100 APR Shares purchased on 2nd January 2015);

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Β· First Capital Insurance Limited owns 2,082,700 APR Shares (consisting of 1,475,000 APR Shares it already owned prior to 27th October 2014 and 88,500 APR Shares purchased on 27th October 2014, and 519,200 APR Shares purchased on 2nd January 2015);

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Β· Advent Capital (Holdings) Limited owns 303,700 APR Shares (consisting of 228,000 APR Shares already owned prior to 27th October 2014, and 75,700 APR Shares purchased on 2nd January 2015); and

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Β· Newline Corporate Name Limited owns 2,174,000 APR Shares (consisting of 1,632,000 APR Shares it already owned prior to 27th October 2014, and 542,000 APR Shares purchased on 2nd January 2015).

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APR Energy PLC has 94,251,622 ordinary shares in issue, of which the Shareholders now collectively own 17,248,719 ordinary shares. Therefore, the Shareholders collectively hold 18.3% of the voting rights in APR Energy PLC.

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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.

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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

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