ADV.L Regulatory News (ADV)

23 Jan 2008 16:48

Advent Capital (Holdings) PLC23 January 2008 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. Fairfax Financial Holdings Limited ("Fairfax") has internally reorganised itsownership of the Company as set out in the TR-1 Notifications below. Fairfax'saggregate ownership (direct and indirect) in the Company remains unchanged at44.46%. Transaction 1 TR-1: 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. Reason for the notification: An acquisition or disposal of voting rights 3. Full name of person(s) subject to the notification obligation: Fairfax Financial Holdings Limited and nSpire Re Limited and FFHL Group Ltd. (both group companies) 4. Full name of shareholder(s) (if different from 3): See section 9 5. Date of the transaction (and date on which the threshold is crossed or reached if different): 13 December 2007 6. Date on which issuer notified: 22 January 2008 7. Threshold(s) that is/are crossed or reached: N/A - reorganisation of holding 8. Notified details: A: Voting rights attached to sharesClass/type of Situation previous to the Resulting situation after the triggering transactionshares (if triggering transactionpossible Number of Number of Number of Number of voting rights % of voting rightsusing the Shares voting rights sharesISIN CODE) Direct Indirect Direct Indirect 180,766,114 180,766,114 180,766,114 4,539,532 176,226,582 1.12 43.34 B: Financial InstrumentsResulting situation after the triggering transactionType of financial Expiration date Exercise/Conversion Number of voting % of voting rightsInstrument Period/Date rights that may be acquired (if the instrument is exercised/converted) Total (A+B)Number of voting rights % of voting rights 180,766,114 44.46 9. Chain of controlled undertakings through which the voting rightsand/or the financial instruments are effectively held, if applicable: The indirect shareholding is held through the Fairfax Financial Holdings Limited group companiesas set out below. Company No. of Shares/ No. of Voting Rights % of Voting Rights CRC (Bermuda) Reinsurance Limited 35,626,445 8.75FFHL Group Ltd. 35,459,886 8.72United States Fire Insurance Company 30,899,570 7.60TIG Insurance Company 23,643,963 5.82Clearwater Insurance Company 16,499,152 4.06Odyssey America Reinsuarance Corporation 16,499,152 4.06Fairmont Specialty Insurance Company 12,215,223 3.00Fairmont Premier Insurance Company 2,136,901 0.53Fairmont Insurance Company 1,347,196 0.33The North River Insurance Company 1,899,094 0.47Total 176,226,582 43.34 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: Frances Burke 15. Contact telephone number: 001-416-366-9544 Transaction 2 TR-1: 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. Reason for the notification: An acquisition or disposal of voting rights 3. Full name of person(s) subject to the notification obligation: Fairfax Financial Holdings Limited and FFHL Group Ltd. (a wholly owned subsidiary of Fairfax Financial Holdings Limited) 4. Full name of shareholder(s) (if different from 3): See section 9 5. Date of the transaction (and date on which the threshold is crossed or reached if different): 13 December 2007 6. Date on which issuer notified: 22 January 2008 7. Threshold(s) that is/are crossed or reached: N/A - reorganisation of holding 8. Notified details: A: Voting rights attached to sharesClass/type Situation previous to the Resulting situation after the triggering transactionof shares triggering transaction(if possible Number of Number of Number of Number of voting rights % of voting rightsusing the Shares voting rights sharesISIN CODE) Direct Indirect Direct Indirect 180,766,114 180,766,114 180,766,114 39,999,418 140,766,696 9.84 34.62 B: Financial InstrumentsResulting situation after the triggering transactionType of financial Expiration date Exercise/Conversion Number of voting rights % of votingInstrument Period/Date that may be acquired (if rights the instrument is exercised/converted) Total (A+B)Number of voting rights % of voting rights 180,766,114 44.46 9. Chain of controlled undertakings through which the voting rightsand/or the financial instruments are effectively held, if applicable: The indirect shareholding is held through the Fairfax Financial Holdings Limited group companiesas set out below. Company No. of Shares/ No. of Voting Rights % of Voting Rights CRC (Bermuda) Reinsurance Limited 35,626,445 8.75United States Fire Insurance Company 30,899,570 7.60TIG Insurance Company 23,643,963 5.82Clearwater Insurance Company 16,499,152 4.06Odyssey America Reinsuarance Corporation 16,499,152 4.06Fairmont Specialty Insurance Company 12,215,223 3.00Fairmont Premier Insurance Company 2,136,901 0.53Fairmont Insurance Company 1,347,196 0.33The North River Insurance Company 1,899,094 0.47Total 140,766,696 34.62 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: Frances Burke 15. Contact telephone number: 001-416-366-9544 Wednesday 23 January 2008 For further information please contact: Advent Capital (Holdings) PLCKeith Thompson Tel: 020 7743 8200 Chief Operating OfficerTrevor Ambridge Chief Financial OfficerGiuseppe Perdoni Company SecretaryNeil Ewing Investor Relations and Analysis Fox-Pitt, Kelton Tel: 020 7663 6000Simon LawJonny Franklin-Adams Pelham Public Relations Tel: 020 7743 6670Charles VivianPolly Fergusson This information is provided by RNS The company news service from the London Stock Exchange