RNS Number : 3053C
Avis Europe PLC
10 November 2009
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
1. Identity of the issuer or the underlying issuer AVIS EUROPE PLC
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) subject to the ODEY ASSET MANAGEMENT LLP
notification obligation: iii
4. Full name of shareholder(s)
(if different from 3.):iv
5. Date of the transaction and date on 9 NOVEMBER 2009
which the threshold is crossed or
reached: v
6. Date on which issuer notified: 10 NOVEMBER 2009
7. Threshold(s) that is/are crossed or 12%
reached: vi, vii
8. Notified details:
A: Voting rights attached to shares viii, ix
Class/type of Situation previous Resulting situation after the triggering transaction
shares to the triggering
transaction
if possible using
the ISIN CODE
Number Number Number Number of voting % of voting rights x
of of of shares rights
Shares Voting
Rights
Direct Direct xi Indirect xii Direct Indirect
Ordinary Share 64,400,228 64,400,228 64,400,228 64,400,228 6.99%
(GB0000658053)
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial Expiration Exercise/ Number of voting % of voting
instrument date xiii Conversion Period xiv rights that may be rights
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 financial Exercise price Expiration date xvii Exercise/ Number of voting rights instrument refers to % of voting rights xix, xx
instrument Conversion period xviii
Contract for Difference (CFD) 48,856,447 Nominal Delta
5.31%
Total (A+B+C)
Number of voting rights Percentage of voting rights
Ordinary Shares + CFD 12.30%
9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable: xxi
Odey European Inc. holds more than 5% of the CFD (5.16%).
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:
14. Contact name: FERGUS LEE
15. Contact telephone number: 020 72081413
This information is provided by RNS
The company news service from the London Stock Exchange
END
HOLBRBDBIGBGGCG
