3rd Oct 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 | 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
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| 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. | |||||||||||||||||
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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 | |
Related Shares:
APR.L