TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi |
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1. Identity of the issuer or the underlying issuer |
Biffa 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 |
X |
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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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3. Full name of person(s) subject to the |
Avenue Europe International Management, L.P. |
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4. Full name of shareholder(s) |
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. |
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5. Date of the transaction and date on |
November 22, 2016 |
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6. Date on which issuer notified: |
November 22, 2016 |
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7. Threshold(s) that is/are crossed or |
Above 17% |
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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
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Situation previous |
Resulting situation after the triggering transaction |
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Number |
Number |
Number |
Number of voting |
% of voting rights x |
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Direct |
Direct xi |
Indirect xii |
Direct |
Indirect |
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GB00BD8DR117 |
36,446,146 |
36,446,146 |
– |
– |
38,811,732 |
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15.52% |
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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 |
Expiration |
Exercise/ |
Number of voting |
% of voting |
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N/A |
N/A |
N/A |
N/A |
N/A |
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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 |
Exercise price |
Expiration date xvii |
Exercise/ |
Number of voting rights instrument refers to |
% of voting rights xix, xx |
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Contracts for Difference (CfD) |
N/A |
N/A |
N/A |
3,733,679 |
Nominal |
Delta |
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1.49% |
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Total (A+B+C) |
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Number of voting rights |
Percentage of voting rights |
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42,545,411 |
17.02% |
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9. Chain of controlled undertakings through which the voting rights and/or the |
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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. |
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Proxy Voting: |
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10. Name of the proxy holder: |
N/A |
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11. Number of voting rights proxy holder will cease |
N/A |
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12. Date on which proxy holder will cease to hold |
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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