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29 Dec 2008 12:57
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Advent Capital (Holdings) PLC
("Advent" or the "Company")
Notification of major interests in shares
Advent Capital (Holdings) PLC announces that it received the following notification pursuant to the Disclosure and Transparency Rules.
TR-1:Β NOTIFICATION OF MAJOR INTERESTS IN SHARES
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:
Advent Capital (Holdings) PLC
2.Β Reason for the notificationΒ (pleaseΒ place an X inside theΒ appropriateΒ bracket/s):
An acquisition or disposal of voting rights:Β (Β xΒ )
An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached:Β ( )
An event changing the breakdown of voting rights:Β ( )
Other (please specify):Β ( )
3. Full name of person(s) subject to the notification obligation:
FairfaxΒ Financial Holdings Limited
CRC (Bermuda) Reinsurance Limited
Fairmont Speciality Insurance Company
TIG Insurance Company
Odyssey America Reinsurance Corporation
4. Full name of shareholder(s)Β (if different from 3.)Β :
See section 9
5. Date of the transactionΒ (and date on which the threshold is crossed or reachedΒ if different):
23 DecemberΒ 2008
6. Date on which issuer notified:
29 DecemberΒ 2008
7. Threshold(s) that is/are crossed or reached:
FairfaxΒ group companies'Β holdingΒ 62%,63%,64%,65%Β and 66%
Individual holdings giving rise to a notification obligation:
CRC (Bermuda) Reinsurance Limited: 12% threshold
Fairmont Speciality Insurance Company: 4% threshold
TIG Insurance Company: 8% threshold
Odyssey America Reinsurance Corporation:Β 8% threshold
8. Notified details:
A: Voting rights attached to shares
|
Class/type of sharesΒ if possible using the ISIN CODE |
Situation previous to the Triggering transaction |
|
|
|
Number of shares |
Number of voting RightsΒ |
|
Ordinary |
24,864,186 |
24,864,186 |
Resulting situation after the triggering transactionΒ
|
Class/type of sharesΒ if possible using the ISIN CODE |
Number of sharesΒ |
Number of voting rights |
% of voting rights |
||
|
|
Direct |
Direct |
Indirect |
Direct |
Indirect |
|
Ordinary |
27,069,355 |
5,731,756 |
21,337,599 |
14.10% |
52.48% |
B: Financial Instruments
Resulting situation after the triggering transaction
|
Type of financial instrument |
Expiration DateΒ |
Exercise/ConversionΒ Period/ Date |
Number of voting rights that may be acquired if the instrument is exercised/ converted. |
% of voting rights |
Total (A+B)
|
Number of voting rights |
% of voting rights |
|
27,069,355 |
66.58% |
9.Β Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, ifΒ applicable:
|
Company |
No. of voting rights |
% of voting rights |
| CRC (Bermuda) Reinsurance Limited United States Fire Insurance Company The North River Insurance Company Fairmont Speciality Insurance Company Fairmont Premier Insurance Company Fairmont Insurance Company TIG Insurance Company Clearwater Insurance Company Odyssey America Reinsurance Corporation Total |
5,105,127 4,066,948 688,892 1,750,392 306,209 193,047 3,388,085 2,364,263 3,474,636 21,337,599 |
12.56 10.00 1.69 4.31 0.75 0.47 8.33 5.82 8.55 52.48 |
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:
Paula Sawyers
15. Contact telephone number:
00 1 416-367-4946
29 DecemberΒ 2008
For further information please contact:
|
Advent Capital (Holdings) PLC |
Tel: 020 7743 8200 |
|
|
Keith Thompson |
||
|
Chief Operating Officer |
||
|
Trevor Ambridge |
Tel: 020 7743 8200 |
|
|
Chief Financial Officer |
||
|
Neil Ewing |
Tel: 020 7743 8250 |
|
|
Investor Relations |
||
|
Fox-Pitt, Kelton |
Tel: 020 7663 6000 |
|
|
Simon Law |
||
|
Jonny Franklin-Adams |
||
|
Pelham Public RelationsΒ |
Tel: 020 7743 6362 |
|
|
Polly Fergusson |
||
|
Damian BeeleyΒ |
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