AVATION PLC — Major Shareholding Notification 2016

Jan 6, 2016

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RNS Number : 9698K

Avation PLC

06 January 2016

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii				AVATION PLC
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights					X
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):	Change in Outstanding Shares				X
3. Full name of person(s) subject to the notification obligation: iii		OCEANWOOD CAPITAL MANAGEMENT LLP
4. Full name of shareholder(s) (if different from 3.):iv		OCEANWOOD OPPORTUNITIES MASTER FUND
5. Date of the transaction and date on which the threshold is crossed or reached: v		31st of December 2015
6. Date on which issuer notified:		4th of January 2016
7. Threshold(s) that is/are crossed or reached: vi, vii		Crossing 24%, 25%, 26%, 27% and 28%

8. Notified details:
A: Voting rights attached to shares viii, ix
Class/type of shares if possible using the ISIN CODE	Situation previous to the triggering transaction						Resulting situation after the triggering transaction
Number of Shares			Number of Voting Rights			Number of shares		Number of voting rights			% of  voting rights x
Direct		Direct xi		Indirect xii	Direct			Indirect
Ord GBP Shares  ISIN:  GB00B196F554	12,083,140			12,083,140			14,427,188		14,427,188			28.03%
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument			Expiration date xiii		Exercise/ Conversion Period xiv					Number of voting rights that may be acquired if the instrument is exercised/ converted.				% of voting rights
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi
Resulting situation after the triggering transaction
Type of financial instrument		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
14,427,188								28.03%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
Proxy Voting:
10. Name of the proxy holder:
11. Number of voting rights proxy holder will cease to hold:
12. Date on which proxy holder will cease to hold voting rights:
13. Additional information:	The Oceanwood Opportunities Master Fund bought 2,344,048 shares on 31 December 2015 which took its holding to 27.61%.  On the same date the Company (Avation PLC) purchased its own shares reducing the shares used for the purpose of calculating percentage voting rights from 52,248,271 shares to 51,463,727 shares. This further increased Oceanwood Opportunities Master Fund's percentage holding to 28.03%.
14. Contact name:	Stephan Michaels
15. Contact telephone number:	+356 2248 6930

This information is provided by RNS

The company news service from the London Stock Exchange

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