Biffa plc Holding(s) in Company (5642R)
December 12 2016 - 4:44AM
UK Regulatory
TIDMBIFF
RNS Number : 5642R
Biffa plc
12 December 2016
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
--------------------------------------------------
1. Identity of the issuer or Biffa 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):
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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 X
------------------------------------------------------------------ -----------------------------------
Other (please
specify):
--------------------------------------------------------- ------- -----------------------------------
3. Full name of person(s) Avenue Europe International
subject to the Management, L.P.
notification obligation:
(iii)
----------------------------------------------------------- ------------------------------------------
4. Full name of shareholder(s) Record Holders:
(if different from 3.):(iv) GL Europe Luxembourg S.a.r.l.
GL Europe (Jersey) S.a.r.l.
Beneficial Owners:
Avenue - COPPERS Opportunities
Fund, L.P.
Avenue Europe Opportunities
Master Fund, L.P.
Avenue-SLP European Opportunities
Fund, L.P.
Avenue Europe Special Situations
Fund II (Euro), L.P.
Avenue Europe Special Situations
Fund II (US), L.P.
Avenue ASRS Europe Opportunities
Fund, L.P.
Avenue Europe Special Situations
Fund III (Euro), L.P.
Avenue Europe Special Situations
Fund III (US), L.P.
----------------------------------------------------------- ------------------------------------------
5. Date of the transaction December 7, 2016
and date on
which the threshold is
crossed or
reached: (v)
----------------------------------------------------------- ------------------------------------------
6. Date on which issuer December 9, 2016
notified:
----------------------------------------------------------- ------------------------------------------
7. Threshold(s) that is/are No threshold crossed since
crossed or last notification on November
reached: (vi, vii) 22, 2016. Ownership remains
above 17%.
----------------------------------------------------------- ------------------------------------------
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 voting % of voting
of of of rights rights (x)
Shares Voting shares
Rights
-------------- -------------------------- ---------------- ---------- -------------------------- --------------------
Direct Direct Indirect Direct Indirect
(xi) (xii)
-------------- --------- ----------- ------------ ---------- ----------- ------------- --------- ---------
GB00BD8DR117 38,811,732 38,811,732 - - 38,811,732 15.52%
-------------------------- ---------------- ---------- ----------- ------------- --------- ---------
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 Exercise Expiration Exercise/ Number of voting % of voting
financial price date Conversion rights instrument rights (xix,
instrument (xvii) period refers to xx)
(xviii)
---------------- ----------- --------------- -------------- ----------------------- ---------------------------------
Contracts N/A N/A N/A Nominal Delta
for Difference
(CfD)
---------------- ----------- --------------- -------------- -------- ---------------------- ---------
4,438,972 1.78%
-------------- --------- ----------- ------------ ----------------------- ---------------------- ---------
Total (A+B+C)
--------------------------------------------------------------------------------------------------------------------------
Number of voting rights Percentage of voting rights
-------------------------------------------------------------- ----------------------------------------------------------
43,250,704 17.30%
-------------------------------------------------------------- ----------------------------------------------------------
9. Chain of controlled undertakings through which the
voting rights and/or the
financial instruments are effectively held, if applicable:
(xxi)
----------------------------------------------------------------
The voting rights and financial instruments are held
by GL Europe Luxembourg S.a.r.l. and GL Europe (Jersey)
S.a.r.l. (the record holders), entities that are wholly
owned by certain funds listed in Item 4 which are managed
by Avenue Europe International Management, 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
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14. Contact name: N/A
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15. Contact telephone number: N/A
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This information is provided by RNS
The company news service from the London Stock Exchange
END
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