TIDMAHCG

RNS Number : 0141D

Action Hotels PLC

23 January 2015

 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
------------------------------------------------------------------------------------------ 
 
 1. Identity of the issuer or                                            Action Hotels PLC 
  the underlying issuer 
  of existing shares to which 
  voting rights are 
  attached: (ii) 
----------------------------------------------------------  ------------------------------ 
 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): Privately negotiated financial 
  instruments which may result in the acquisition 
  of shares already issued to which voting rights 
  are attached 
----------------------------------------------------------  ------------------------------ 
 3. Full name of person(s)                                   Blakeney LLP 
  subject to the 
  notification obligation: 
  (iii) 
----------------------------------------------------------  ------------------------------ 
 4. Full name of shareholder(s)                              Blakeney LLP as investment 
  (if different from 3.):(iv)                                 advisor manager of the funds 
                                                              listed in Section 9. 
----------------------------------------------------------  ------------------------------ 
 5. Date of the transaction                                  22(rd) January 2015 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
----------------------------------------------------------  ------------------------------ 
 6. Date on which issuer                                     23(rd) January 2015 
  notified: 
----------------------------------------------------------  ------------------------------ 
 7. Threshold(s) that is/are 
  crossed or 
  reached: (vi, vii)                                         14% 
----------------------------------------------------------  ------------------------------ 
 
 
 
 8. Notified details: 
----------------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares (viii, ix) 
----------------------------------------------------------------------------------------------------------------------------- 
 Class/type     Situation previous                            Resulting situation after the 
  of             to the triggering                             triggering transaction 
  shares         transaction 
 
  if possible 
  using 
  the ISIN 
  CODE 
-------------  --------------------------------------------  ---------------------------------------------------------------- 
                Number                      Number            Number         Number of               % of voting 
                 of                          of               of shares       voting                  rights (x) 
                 Shares                      Voting                           rights 
                                             Rights 
-------------  --------------------------  ----------------  -------------  ----------------------  ------------------------- 
                                                              Direct         Direct     Indirect     Direct        Indirect 
                                                                             (xi)        (xii) 
-------------      ---------  -----------      ------------  -------------  ---------  -----------  ------------  ----------- 
 JE00BFZD1492   14,991,159                  14,991,159        17,161,159                17,161,159 
               --------------------------  ----------------  -------------  ---------  -----------  ------------ 
                                                                                                                   11.62% 
-------------      ---------  -----------      ------------    -----------    -------  -----------      --------  ----------- 
 
 B: Qualifying Financial Instruments 
----------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
----------------------------------------------------------------------------------------------------------------------------- 
 Type of            Expiration                Exercise/                        Number of voting          % of voting 
 financial           date                      Conversion                       rights that               rights 
 instrument          (xiii)                    Period (xiv)                     may be 
                                                                                acquired if 
                                                                                the 
                                                                                instrument 
                                                                                is 
                                                                                exercised/ 
                                                                                converted. 
-----------------  ------------------------  -------------------------------  ------------------------  --------------------- 
 Option             GBP0.64                   23/12/2015-23/12/2018            4,763,540                 3.23% 
-----------------  ------------------------  -------------------------------  ------------------------  --------------------- 
 
 C: Financial Instruments with similar economic effect 
  to Qualifying Financial Instruments (xv, xvi) 
----------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
----------------------------------------------------------------------------------------------------------------------------- 
 Type of          Exercise     Expiration       Exercise/                    Number of voting          % of voting 
 financial        price         date             Conversion                   rights instrument         rights (xix, 
 instrument                     (xvii)           period                       refers to                 xx) 
                                                 (xviii) 
---------------  -----------  ---------------  ---------------------------  ------------------------  ----------------------- 
                                                                                                       Nominal       Delta 
---------------  -----------  ---------------  ---------------------------  ------------------------  ------------  --------- 
 
 
 Total (A+B+C) 
----------------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                        Percentage of voting rights 
-------------------------------------------------------------  -------------------------------------------------------------- 
   21,924,699                                                   14.85% 
-------------------------------------------------------------  -------------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
----------------------------------------------------------------- 
   Fund name     Resulting       Resulting       % of Total 
                    Number         Number of      Issued Share 
                  of ordinary    options equal    Capital incl 
                    Shares        to ordinary       options 
                                   Shares on 
                                  conversion 
   -----------  -------------  ---------------  -------------- 
    BI              2,337,942          685,796           2.05% 
   -----------  -------------  ---------------  -------------- 
    CCDP LP           310,573           81,936           0.27% 
   -----------  -------------  ---------------  -------------- 
    BLP             5,966,423        1,567,264           5.10% 
   -----------  -------------  ---------------  -------------- 
    ONYX              665,981          257,241           0.63% 
   -----------  -------------  ---------------  -------------- 
    ILP               367,581          100,038           0.32% 
   -----------  -------------  ---------------  -------------- 
    AALP            1,533,654          419,207           1.32% 
   -----------  -------------  ---------------  -------------- 
    HELP            2,773,577          771,723           2.40% 
   -----------  -------------  ---------------  -------------- 
    PALP              577,100          157,203           0.50% 
   -----------  -------------  ---------------  -------------- 
    MALP              576,785          157,203           0.50% 
   -----------  -------------  ---------------  -------------- 
    BSHLP             153,038           41,921           0.13%