AVATION PLC - Major Shareholding Notification 2016

National Storage Mechanism | Additional information

RNS Number : 8126X

Avation PLC

10 May 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
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		9th of May 2016
6. Date on which issuer notified:		10th of May 2016
7. Threshold(s) that is/are crossed or reached: vi, vii		Crossing 28%, 27%, 26%


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	14,427,188			14,427,188			14,427,188		14,427,188			25.92%


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								25.92%


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 Company (Avation PLC) sold its own shares increasing the shares used for the purpose of calculating percentage voting rights from 51,463,727 shares to 55,663,727 shares. This decreased Oceanwood Opportunities Master Fund's percentage holding to 25.92%.
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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