Wednesday 02 June, 2010
TUI Travel PLC
Holding(s) in Company
RNS Number : 9460M TUI Travel PLC 02 June 2010
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TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi
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1. Identity of the issuer or the underlying issuer
of existing shares to which voting rights are
attached: ii
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TUI Travel PLC
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2 Reason for the notification (please tick the appropriate box or boxes):
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An acquisition or disposal of voting rights
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An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
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An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments
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An event changing the breakdown of voting rights
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Other (please specify):
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Change in delta relating to instruments with similar economic effect to qualifying financial instruments (see note 1, section 13)
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YES
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3. Full name of person(s) subject to the
notification obligation: iii
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TUI AG, a company incorporated in Germany whose registered office is at Karl-Wiechert- Allee 4, 30625 Hannover, Germany
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4. Full name of shareholder(s)
(if different from 3.):iv
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As above
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5. Date of the transaction and date on
which the threshold is crossed or
reached: v
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1 June 2010
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6. Date on which issuer notified:
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2 June 2010
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7. Threshold(s) that is/are crossed or
reached: vi, vii
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From 57% to 56%
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8. Notified details:
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A: Voting rights attached to shares viii, ix
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Class/type of
shares
if possible using
the ISIN CODE
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Situation previous
to the triggering
transaction
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Resulting situation after the triggering transaction
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Number
of
Shares
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Number
of
Voting
Rights
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Number
of shares
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Number of voting
rights
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% of voting rights x
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Direct
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Direct xi
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Indirect xii
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Direct
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Indirect
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GB00B1Z7RQ77
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613,975,984
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613,975,984
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395,596,480
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395,596,480
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218,379,504
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35.38%
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19.53%
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B: Qualifying Financial Instruments
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Resulting situation after the triggering transaction
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Type of financial
instrument
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Expiration
date xiii
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Exercise/
Conversion Period xiv
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Number of voting
rights that may be
acquired if the
instrument is
exercised/converted.
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% of voting
rights
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Call Option
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9 March 2013
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From 16 January 2011 to 9 March 2013
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131,412,455 (see note 2, section 13)
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11.75%
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Contingent Forward Purchase Agreement
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31 March 2013
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31 March 2013, subject to terms allowing for earlier settlement
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86,967,049 (see note 3, section 13)
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7.78%
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C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi
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Resulting situation after the triggering transaction
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Type of financial
instrument
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Exercise price
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Expiration date xvii
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Exercise/
Conversion period xviii
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Number of voting rights instrument refers to
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% of voting rights xix, xx
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Convertible bonds acquired pursuant to a Contingent Forward Purchase Agreement
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£3.8234
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27 April 2017
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From 7 June 2010 subject to certain conditions
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22,493,069
(calculated on a delta- adjusted basis (see note 1, section 13))
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Nominal
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Delta
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2.01%
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Total (A+B+C)
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Number of voting rights
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Percentage of voting rights
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636,469,053
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56.93%
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9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable: xxi
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Proxy Voting:
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10. Name of the proxy holder:
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N/A
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11. Number of voting rights proxy holder will cease
to hold:
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N/A
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12. Date on which proxy holder will cease to hold
voting rights:
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N/A
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13. Additional information:
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(1) TUI AG is required under the Disclosure and Transparency Rules to disclose its interest in the convertible bonds of TUI Travel PLC on a delta-adjusted basis (see 8(c) above). A change in the delta relating to such bonds has resulted in a notifiable change in TUI AG's aggregate interest in the voting rights of TUI Travel PLC, however TUI AG's actual holding of convertible bonds (on a nominal basis as well as the number of TUI Travel PLC shares underlying such bonds) has not changed since the date of issue of such bonds on 27 April 2010.
(2) 131,412,455 of those TUI Travel PLC shares in which TUI AG has an indirect interest (as referred to in 8A above) are the same shares as those which it has a right to acquire under the Call Option (as referred to in 8B above). The registered holder of such shares is Nero Finance Limited.
(3) 86,967,049 of those TUI Travel PLC shares in which TUI AG has an indirect interest (as referred to in 8A above) are the same shares as those which it has a right to acquire under the Contingent Forward Purchase Agreement (as referred to in 8B above). The registered holder of such shares is Antium Finance Limited.
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14. Contact name:
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Joyce Walter
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15. Contact telephone number:
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01293 645700
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This information is provided by RNS
The company news service from the London Stock Exchange END HOLLLLFBBQFBBBQ
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