15 May 2014 07:00
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 | Avanti Communications Group PLC | ||||
2 Reason for the notification (please tick the appropriate box or boxes): | |||||
An acquisition or disposal of voting rights | Yes | ||||
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached | No | ||||
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments | No | ||||
An event changing the breakdown of voting rights | No | ||||
Other (please specify): | |||||
3. Full name of person(s) subject to thenotification obligation: iii | Solus Alternative Asset Management LP | ||||
4. Full name of shareholder(s) (if different from 3.):iv | Refer to Section 9. | ||||
5. Date of the transaction and date onwhich the threshold is crossed orreached: v | May 13, 2014 | ||||
6. Date on which issuer notified: | May 14, 2014 | ||||
7. Threshold(s) that is/are crossed orreached: vi, vii | Above 3% | ||||
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 | ||||||||||||
Common (GB00B1VCNQ84) | 3,123,731 | 3,123,731 | 3,391,158 | 3.036% | N/A | 3.036% | N/A | |||||||||
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 | ||||||||||||
N/A | ||||||||||||||||
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
| |||||||||||
N/A |
| Nominal | Delta | |||||||||||||
Total (A+B+C) | ||||||||||||||||
Number of voting rights | Percentage of voting rights | |||||||||||||||
3,391,158 | 3.036% | |||||||||||||||
9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi | ||
The Solus managed funds which hold the applicable shares are as follows:
Sola Ltd holds 2,866,499 common shares. Ultra Master Ltd holds 524,659 common shares.
Therefore, the total number of aggregate common shares under control of Solus Alternative Asset Management LP is 3,391,158. | ||
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: | Richard Cosgrove, Chief Compliance Officer | |
15. Contact telephone number: | 1-212-284-4300 | |