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beneficial owners of Class A Shares or otherwise), (ii) acquiring beneficial ownership of additional Class A Shares (whether directly or through the acquisition of American Depositary
Shares representing Class A Shares) in the open market, in privately negotiated transactions or otherwise, (iii) disposing of all or part of their holdings, (iv) entering into financial instruments or other agreements that increase or
decrease the Reporting Persons economic or beneficial exposure with respect to their investment in the Issuer, engaging in hedging or similar transactions with respect to the Class A Shares, including securities-based swaps or other
derivative instruments involving the Class A Shares or other securities of the Issuer (or entering into arrangements in which the counterparty may engage in any of such activities), (v) lending Class A Shares or other portfolio securities
to brokers, banks or other financial institutions, which transactions typically obligate the borrower to return the Class A Shares or such other securities to the lender and typically provide that the borrower is entitled to exercise voting
rights and to retain dividends during the term of the loan, or borrowing Class A Shares or other securities for the purpose of effecting short sale transactions, and purchasing Class A Shares or other securities for the purpose of closing
out such short positions (or entering into arrangements in which the counterparty may engage in any of such activities), (vi) taking other actions which could involve one or more of the types of transactions or have one or more of the results
described in Item 4 of this Schedule 13D, or (vii) changing their intention with respect to any or all of the matters referred to in this Item 4.
Item 5. INTEREST IN SECURITIES OF THE ISSUER
(a)-(b) As of April 13, 2017, PAR Investment Partners may be deemed to beneficially own 6,234,000 Class A Shares, representing approximately 20.8%
(determined in accordance with Rule 13d-3 under the Act) of the outstanding Class A Shares.
As of
April 13, 2017, PAR Group, through its control of PAR Investment Partners as general partner, may be deemed to beneficially own 6,234,000 Class A Shares, representing approximately 20.8% (determined in accordance with Rule 13d-3 under the Act) of the outstanding Class A Shares.
As of April 13, 2017, PAR Capital Management, through
its control of PAR Group as general partner, may be deemed to beneficially own 6,234,000 Class A Shares, representing approximately 20.8% (determined in accordance with Rule 13d-3 under the Act) of the
outstanding Class A Shares.
The percentage of Class A Shares beneficially owned as set forth above are based on 30,026,635 Class A Shares
issued and outstanding as of December 31, 2016, as disclosed in the Issuers Annual Report on Form 20-F filed with the Securities and Exchange Commission on March 9, 2017.
(c) Information with respect to all transactions by the Reporting Persons relating to the Class A Shares that were effected during the past sixty days is
set forth in Annex A to the original Schedule 13D filed by the Reporting Persons on April 13, 2017, which is incorporated by reference herein.
(d) Not applicable.
(e) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER.
Except as otherwise set forth in this Schedule 13D, there are no contracts, arrangements, understandings or relationships among the persons named in Item 2 or
between such persons and any other person with respect to any securities of the Issuer.
Item 7. Material to be Filed as Exhibits.
Not applicable.
