API Group PLC Holding(s) in Company (9174C)
January 22 2015 - 9:57AM
UK Regulatory
TIDMAPI
RNS Number : 9174C
API Group PLC
22 January 2015
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
--------------------------------------------------
1. Identity of the issuer or API Group 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):
---------------------------------------------------------- -----------------------------------
3. Full name of person(s) Steel Partners Holdings L.P.
subject to the
notification obligation:
(iii)
----------------------------------------------------------- ------------------------------------
4. Full name of shareholder(s) The shares are registered
(if different from 3.):(iv) in the name of Vidacos Ltd
as nominee for Mutual Securities,
Inc for client account Cedar
2015 Ltd, Account 0fn-155615
----------------------------------------------------------- ------------------------------------
5. Date of the transaction 20 January 2015
and date on
which the threshold is
crossed or
reached: (v)
----------------------------------------------------------- ------------------------------------
6. Date on which issuer 22 January 2015
notified:
----------------------------------------------------------- ------------------------------------
7. Threshold(s) that is/are
crossed or
reached: (vi, vii) 32%
----------------------------------------------------------- ------------------------------------
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)
----------------- ----------- ----------- -------------- --------- ----------- ------------ -----------
ISINGB0000592062 24,807,203 24,807,203 0 0 24,807,203 0 32.3%
--------------- --------------- -------------- --------- ----------- ------------ -----------
B: Qualifying Financial Instruments
----------------------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
----------------------------------------------------------------------------------------------------------------------
Type of financial Expiration Exercise/ Number of voting % of voting
instrument date Conversion rights that rights
(xiii) Period (xiv) may be
acquired if
the
instrument
is
exercised/
converted.
--------------------- ------------- ------------------------------- ------------------------ ---------------------
N/A N/A N/A N/A N/A
--------------------- ------------- ------------------------------- ------------------------ ---------------------
C: Financial Instruments with similar economic effect
to Qualifying Financial Instruments (xv, xvi)
----------------------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
----------------------------------------------------------------------------------------------------------------------
Type of financial Exercise Expiration Exercise/ Number of voting % of voting
instrument price date Conversion rights instrument rights (xix,
(xvii) period refers to xx)
(xviii)
------------------- ------------- ------------- ---------------- ------------------------ -----------------------
N/A N/A N/A N/A N/A Nominal Delta
------------------- ------------- ------------- ---------------- ------------------------ ------------ ---------
N/A N/A
----------------- ----------- ----------- ------------ ------- ----------- ------------ ---------
Total (A+B+C)
----------------------------------------------------------------------------------------------------------------------
Number of voting rights Percentage of voting rights
----------------------------------------------------- ---------------------------------------------------------------
24,807,203 32.3%
----------------------------------------------------- ---------------------------------------------------------------
9. Chain of controlled undertakings through which the
voting rights and/or the
financial instruments are effectively held, if applicable:
(xxi)
---------------------------------------------------------------------------------
The beneficial owner of the API Group plc shares is
Cedar 2015 Limited. Cedar 2015 Limited is a wholly owned
subsidiary of CoSine Communications Inc.. CoSine Communications
Inc is an 80.6 per cent owned subsidiary of Steel Partners
Holdings L.P.. SPH Group Holdings Limited (the previous
beneficial holder) is a wholly owned subsidiary of Steel
Partners Holdings L.P.
Proxy Voting:
---------------------------------------------------------------------------------
10. Name of the proxy holder: N/A
------------------------------------------------------------- ------------------
11. Number of voting rights proxy N/A
holder will cease
to hold:
------------------------------------------------------------- ------------------
12. Date on which proxy holder will N/A
cease to hold
voting rights:
------------------------------------------------------------- ------------------
13. Additional information: N/A
------------------------------------------------------------- ------------------
14. Contact name: Terry Gibson
------------------------------------------------------------- ------------------
15. Contact telephone number: +1 (408) 399 6490
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This information is provided by RNS
The company news service from the London Stock Exchange
END
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