Perform Group PLC Notification of major interest in shares (4617X)
November 19 2014 - 8:38AM
UK Regulatory
TIDMPER
RNS Number : 4617X
Perform Group PLC
19 November 2014
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
--------------------------------------------------
1. Identity of the issuer or Perform 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):
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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) (1) Premium TV Group Limited
subject to the (2) Access Media, L.P.
notification obligation: (3) Access Media GP, L.P.
(iii) (4) Access Media (US), LLC
(5) Access Industries Holdings,
LLC
(6) Access Industries, LLC
(7) AI PG LLC
(8) AI Value Holdings, LLC
(9) Len Blavatnik
----------------------------------------------------------- ----------------------------------------
4. Full name of shareholder(s) HSBC Client Holdings Nominee
(if different from 3.):(iv) (UK) Limited
Pershing Nominees Limited
----------------------------------------------------------- ----------------------------------------
5. Date of the transaction 18 November 2014
and date on
which the threshold is
crossed or
reached: (v)
----------------------------------------------------------- ----------------------------------------
6. Date on which issuer 19 November 2014
notified:
----------------------------------------------------------- ----------------------------------------
7. Threshold(s) that is/are Persons (7)-(8) above: 39%
crossed or Person (9) above: 81%
reached: (vi, vii)
----------------------------------------------------------- ----------------------------------------
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)
------------- ------------ ------------ -------------- -------------- ------------ ------------ -----------
ORDINARY
SHARES OF
2 7/9 PENCE
GB00B3M55Q47 212,502,845 212,502,845 214,968,049 214,968,049 81.58%
------------- ---------------- ---------------- -------------- -------------- ------------ ------------ -----------
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.
----------------- -------------- -------------------------------- ------------------------------ ---------------------
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
--------------------------------------------------- ---------------------------------------------------------------------
214,968,049 81.58%
--------------------------------------------------- ---------------------------------------------------------------------
*112,052,464 shares (42.53%) are held directly by HSBC Client
Holdings Nominee (UK) Limited as nominee and indirectly by each of
Premium TV Group Limited, Access Media, L.P., Access Media GP,
L.P., Access Media (US), LLC, Access Industries Holdings, LLC,
Access Industries, LLC and Len Blavatnik.
*102,915,585 shares (39.06%) are held indirectly by each of AI
PG LLC, AI Value Holdings, LLC and Len Blavatnik either through
Pershing Nominees Limited as nominee or as a result of acceptances
of AI PG LLC's takeover offer for Perform Group plc.
9. Chain of controlled undertakings through which the
voting rights and/or the
financial instruments are effectively held, if applicable:
(xxi)
-----------------------------------------------------------------------------------------------
Premium TV Group Limited is controlled by Access Media,
L.P. Access Media GP, L.P. is the general partner of
Access Media, L.P. Access Media (US), LLC is the general
partner of Access Media GP, L.P. Access Media (US),
LLC is controlled by Access Industries Holdings, LLC.
Access Industries Holdings, LLC is controlled by Access
Industries, LLC which is in turn indirectly controlled
by Len Blavatnik.
AI PG LLC is controlled by AI Value Holdings, LLC, which
is in turn indirectly controlled by Len Blavatnik.
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: N/A
------------------------------------------------------------ ---------------------------------
14. Contact name: Anastasia de Reuck
------------------------------------------------------------ ---------------------------------
15. Contact telephone number: Access Industries (UK) Limited
+44 20 7569 0045
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This information is provided by RNS
The company news service from the London Stock Exchange
END
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