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Holding(s) in Company

3rd Oct 2014 07:00

RNS Number : 3416T
APR Energy PLC
03 October 2014
 



 
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

01/10/2014

6. Date on which issuer notified:

02/10/2014

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

11%

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

9903549

9903549

Nil

Nil

10,689,719

Nil%

11.34%

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

10,689,719

11.34%

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 18th, 22nd, 26th, 30th September and 1st October 2014, as of 1st October 2014, certain Shareholders had collectively purchased an additional 786,170 ordinary shares (in aggregate) in APR Energy PLC ("APR Shares"), triggering a notification requirement relating to that date. In particular:

 

· Zenith Insurance Company owns 1,923,500 APR Shares (consisting of 1,785,100 APR Shares it already owned prior to 18th September 2014 and 6,400 APR Shares purchased on 18th September 2014, 17,600 APR Shares purchased on 22nd September 2014, 17,600 APR Shares purchased on 26th September 2014, 17,600 APR Shares purchased on 30th September 2014 and 79,200 APR Shares purchased on 1st October 2014);

 

· RiverStone Insurance (UK) Limited owns 1,698,270 APR Shares (consisting of 1,615,000 APR Shares it already owned prior to 18th September 2014 and 3,770 APR Shares purchased on 18th September 2014, 10,600 APR Shares purchased on 22nd September 2014, 10,600 APR Shares purchased on 26th September 2014,10,600 APR Shares purchased on 30th September 2014 and 47,700 APR Shares purchased on 1st October 2014);

 

· United States Fire Insurance Company owns 2,125,199 APR Shares (consisting of 1,916,899 APR Shares it already owned prior to 18th September 2014 and 9,600 APR Shares purchased on 18th September 2014, 26,500 APR Shares purchased on 22nd September 2014, 26,500 APR Shares purchased on 26th September 2014, 26,500 APR Shares purchased on 30th September 2014 and 119,200 APR Shares purchased on 1st October 2014);

 

· Odyssey Reinsurance Company owns 1,906,750 APR Shares (consisting of 1,689,750 APR Shares it already owned prior to 18th September 2014 and 10,000 APR Shares purchased on 18th September 2014, 27,600 APR Shares purchased on 22nd September 2014, 27,600 APR Shares purchased on 26th September 2014, 27,600 APR Shares purchased on 30th September 2014 and 124,200 APR Shares purchased on 1st October 2014); and

 

· First Capital Insurance Limited owns 1,176,000 APR Shares (consisting of 1,036,800 APR Shares it already owned prior to 18th September 2014 and 6,400 APR Shares purchased on 18th September, 17,700 APR Shares purchased on 22nd September 2014, 17,700 APR Shares purchased on 26th September 2014, 17,700 APR Shares purchased on 30th September 2014 and 79,700 APR Shares purchased on 1st 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 18th September 2014.

 

APR Energy PLC has 94,251,622 ordinary shares in issue, of which the Shareholders now collectively own 10,689,719 ordinary shares. Therefore, the Shareholders collectively hold 11.34% 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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