Business
TR-1: Notification of Major Interest in Shares
TR-1: Notification of Major Interest in Shares.
About this update from Avation Plc
[{"type":"text","content":"\n \nRNS Number : 3981M Avation PLC 15 July 2014 \n \n\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\nTR-1: NOTIFICATION OF MAJOR INTEREST SHARESi\n\n\n\n\n\n\n\n\n\n\n\n\n1. Identity of the issuer or the underlying issuer\nof existing shares to which voting rights are\nattached: ii\n\n\nAVATION PLC\n\n\n\n\n2 Reason for the notification (please tick the appropriate box or boxes):\n\n\n\n\nAn acquisition or disposal of voting rights \n\n\n\n\n\n\n\nAn acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached\n\n\n\n\n\n\n\nAn acquisition or disposal of instruments with similar economic effect to qualifying financial instruments\n\n\n\n\n\n\n\nAn event changing the breakdown of voting rights\n\n\n\n\n\n\n\nOther (please specify):\n\n\nChange in outstanding Shares\n\n\nX\n\n\n\n\n3. Full name of person(s) subject to the\nnotification obligation: iii\n\n\nOCEANWOOD CAPITAL MANAGEMENT LLP\n\n\n\n\n4. Full name of shareholder(s) (if different from 3.):iv\n\n\nOCEANWOOD GLOBAL OPPORTUNITIES MASTER FUND\n\n\n\n\n5. Date of the transaction and date on\nwhich the threshold is crossed or\nreached: v\n\n\n9th July 2014\n\n\n\n\n6. Date on which issuer notified:\n\n\n15th July 2014\n\n\n\n\n7. Threshold(s) that is/are crossed or\nreached: vi, vii\n\n\nBelow 24% Threshold \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n8. Notified details:\n\n\n\n\nA: Voting rights attached to shares viii, ix\n\n\n\n\nClass/type of\nshares\nif possible using\nthe ISIN CODE\n\n\nSituation previous\nto the triggering\ntransaction\n\n\nResulting situation after the triggering transaction\n\n\n\n\nNumber\nof\nShares\n\n\nNumber\nof\nVoting\nRights\n\n\nNumber\nof shares\n\n\nNumber of voting\nrights\n\n\n% of voting rights x\n\n\n\n\nDirect\n\n\nDirect xi\n\n\nIndirect xii\n\n\nDirect\n\n\nIndirect\n\n\n\n\nOrd GBP Shares ISIN: \nGB00B196F554\n\n\n12,058,140\n\n\n12,058,140\n\n\n12,058,140\n\n\n12,058,140\n\n\n\n\n\n23.12\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nB: Qualifying Financial Instruments\n\n\n\n\nResulting situation after the triggering transaction\n\n\n\n\nType of financial\ninstrument\n\n\nExpiration\ndate xiii\n\n\nExercise/\nConversion Period xiv\n\n\nNumber of voting\nrights that may be\nacquired if the\ninstru...