Last checked at 16 Oct 2009 10:59
| TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES |
| 1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: | Cadogan Petroleum plc |
| 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 |
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| An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments |
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| An event changing the breakdown of voting rights |
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| Other (please specify): |
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| 3. Full name of person(s) subject to the notification obligation: | Altima Partners LLP |
| 4. Full name of shareholder(s) (if different from 3.): | Altima Global Special Situations Master Fund Limited and Altima Global Special Opportunities Master Fund Limited |
| 5. Date of the transaction and date on which the threshold is crossed or reached: | 13 October 2009 |
| 6. Date on which issuer notified: | 15 October 2009 |
| 7. Threshold(s) that is/are crossed or reached: | 10% |
| 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 | Resulting situation after the triggering transaction | |||||
| Number of Shares | Number of Voting Rights | Number of shares | Number of voting rights | % of voting rights | |||
| Direct | Direct | Indirect | Direct | Indirect | |||
| GB00B12WC938 | 19,617,428 | 19,617,428 |
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| 8.3% |
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| B: Qualifying Financial Instruments | ||||
| Resulting situation after the triggering transaction | ||||
| Type of financial instrument | Expiration date | Exercise/ Conversion Period | Number of voting rights that may be acquired if the instrument is exercised/ converted. | % of voting rights |
| CFD |
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| 3,012,104 | 1.3% |
| C: Financial Instruments with similar economic effect to Qualifying Financial Instruments | ||||||
| Resulting situation after the triggering transaction | ||||||
| Type of financial instrument | Exercise price | Expiration date | Exercise/ Conversion period | Number of voting rights instrument refers to | % of voting rights | |
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| Nominal | Delta |
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| Total (A+B+C) | |
| Number of voting rights | Percentage of voting rights |
| 22,183,382 | 9.6% |
| 9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: |
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Altima Partners LLP is the Investment Advisor to the Altima Global Special Opportunities Master Fund Limited and the Altima Global Special Situations Master Fund Limited. The Corporate Member of Altima Partners LLP is Altima Services UK Limited which is owned and controlled by Altima International Limited. The voting share capital of Altima International Limited is held 50/50 by Mark Donegan and Dominic Redfern. |
| Proxy Voting: | |
| 10. Name of the proxy holder: |
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| 11. Number of voting rights proxy holder will cease to hold: |
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| 12. Date on which proxy holder will cease to hold voting rights: |
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| 13. Additional information: | Altima Partners LLP ("Altima") controls the exercise of voting rights over a number of funds. Altima is reporting as a result of the sale of 446,150 ordinary shares and 1,028,850 CFD's |
| 14. Contact name: | Stefan Bort |
| 15. Contact telephone number: | +44 (0)207 245 0801 |