9 Sep 2009 15:23
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: 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 (please place an X inside the appropriate bracket/s):
An acquisition or disposal of voting rights: ( x )
An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached: ( )
An event changing the breakdown of voting rights: ( )
Other (please specify): ( )
3. Full name of person(s) subject to the notification obligation:
Fairfax Financial Holdings Limited
CRC (Bermuda) Reinsurance Limited
United States Fire Insurance Company
Fairmont Speciality Insurance Company
TIG Insurance Company
Clearwater Insurance Company
Odyssey America Reinsurance Corporation
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):
2 September 2009
6. Date on which issuer notified:
4 September 2009
7. Threshold(s) that is/are crossed or reached:
Fairfax group companies' holding 99%
Individual holdings giving rise to a notification obligation:
Fairfax Financial Holdings Limited: 20% threshold
CRC (Bermuda) Reinsurance Limited: 18% threshold
United States Fire Insurance Company: 14% threshold
Fairmont Speciality Insurance Company: 6% threshold
TIG Insurance Company: 10% threshold
Clearwater Insurance Company: 8% threshold
Odyssey America Reinsurance Corporation: 12% threshold
8. Notified details:
A: Voting rights attached to shares
| Class/type of shares if possible using the ISIN CODE | Situation previous to the Triggering transaction | |
|
| Number of shares | Number of voting Rights |
| Ordinary | 27,116,255 | 27,116,255 |
Resulting situation after the triggering transaction
| Class/type of shares if possible using the ISIN CODE | Number of shares | Number of voting rights | % of voting rights | ||
|
| Direct | Direct | Indirect | Direct | Indirect |
| Ordinary | 40,329,232 | 8,524,677 | 31,804,555 | 20.97 | 78.22 |
B: Financial Instruments
Resulting situation after the triggering transaction
| Type of financial instrument | Expiration Date | Exercise/Conversion 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 |
| 40,329,232 | 99.19% |
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
| Company | No. of voting rights | % of voting rights |
| Fairfax Financial Holdings Limited 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 nSpire Re Limited Clearwater Insurance Company Odyssey America Reinsurance Corporation Total | 8,524,677 7,592,710 6,048,656 1,024,569 2,603,308 455,416 287,113 4,339,002 700,000 3,586,054 5,167,727 40,329,232 | 20.97 18.68 14.88 2.52 6.40 1.12 0.71 10.67 1.72 8.82 12.71 99.19 |
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
7 September 2009
For further information please contact:
| Advent Capital (Holdings) PLC | Tel: 020 7743 8200 | |
| Keith Thompson | ||
| Chief Operating Officer | ||
| Neil Ewing | Tel: 020 7743 8250 | |
| Investor Relations | ||
| Fox-Pitt, Kelton | Tel: 020 7663 6000 | |
| Simon Law | ||
| Jonny Franklin-Adams | ||
| Pelham Public Relations | Tel: 020 7337 1500 | |
| Damian Beeley | ||
| Polly Fergusson |