8th Sep 2014 16:23
8 September 2014
Notification of major interest in shares
On Friday 5 September 2014 BBA Aviation plc received a letter from Morgan Stanley withdrawing a number of recent TR-1 Notifications. In accordance with DTR 5.8.12 BBA Aviation plc released each of the TR-1 notifications referred to in the letter at the time of receipt.
An extract from the letter is set out below:
"On 1 September 2014 Morgan Stanley submitted a notification exceeding the 7% threshold in BBA Aviation Plc ("BBA") for trade date 28 August 2014; position was disclosed at 7.08%.
It has come to our attention that in relation to this notification Morgan Stanley was able to apply the trading book exemption. However, contrary to Morgan Stanley's existing practice, the exemption was not applied.
This has also impacted the notifications submitted by Morgan Stanley on the following dates:
10 July 2014
25 July 2014
30 July 2014
1 August 2014
We therefore wish to withdraw all the above notifications. As at the time of writing I can confirm that Morgan Stanley's notifiable holdings remain below the minimum disclosure threshold of 3%."
Related Shares:
SIG.L