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TR1 Notification of major interest in shares

16 Jul 2012 07:04

RNS Number : 7077H
Exillon Energy Plc
16 July 2012
 



 

For fillings with the FSA include the annex

For fillings with issuer exclude the annex

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii

Exillon Energy PLC ( TIDM: EXI)

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

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights

Other (please specify):

3. Full name of person(s) subject to thenotification obligation: iii

 

Worldview Capital Management LLP

c/o 1 Berkeley Street

London

W1J 8DJ

 

 

Worldview EHS International Master Fund

PO BOX 309

Ugland House

Grand Cayman KY1-1104

Cayman Islands

 

4. Full name of shareholder(s)  (if different from 3.):iv

Interactive Broker LLC

c/o 209 South LaSalle Street

10th Floor

Chicago, IL 60604

USA

5. Date of the transaction and date onwhich the threshold is crossed orreached: v

12 July 2012

6. Date on which issuer notified:

13 July 2012

7. Threshold(s) that is/are crossed orreached: vi, vii

Threshold of 8% of the entire issued share capital of the

Issuer exceeded.

 

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

ordinary shares in

the capital of the

issuer with a

nominal value of

US$0.0000125

 

ISIN CODE:

IM00B58FMW76

9,537,418

-

-

-

12,957,992

-

8 (eight) %

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate xiii

Exercise/Conversion Period xiv

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

n/a

n/a

n/a

n/a

n/a

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financialinstrument

Exercise price

Expiration date xvii

Exercise/Conversion period xviii

Number of voting rights instrument refers to

 

% of voting rights xix, xx

 

Voting Rights

Agreement

n/a

Ongoing

n/a

2.1180% of the share

capital of the Issuer

 

Nominal

Delta

n/a

n/a

Total (A+B+C)

Number of voting rights

Percentage of voting rights

12,957,992 (indirect)

8 (eight) % (indirect)

 

9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi

 

n/a

Proxy Voting:

10. Name of the proxy holder:

Worldview Capital Management LLP

11. Number of voting rights proxy holder will ceaseto hold:

n/a

12. Date on which proxy holder will cease to holdvoting rights:

n/a

13. Additional information:

 

Worldview Capital Management SA is the investment

manager ("Investment Manager") for Worldview EHS

International Master Fund ("Fund"). Worldview Capital

Management LLP ("LLP") is a sub - advisor to the

Investment Manager.

 

The interest in 5.9055% shares in the issuer is acquired

through swap contracts between the Fund, UBS and

Credit Suisse (as prime brokers). Interests in 2.1180% is

held through a voting rights agreement identified in

paragraph C above.

 

The voting rights agreement provides that the Investment

Manager is entitled to exercise all voting rights (in

accordance with DTR 5.2.1R (h)), although it is not

permitted to acquire any shares. We note the definition of

qualifying financial instruments in the FSA Handbook

which the voting rights agreement does not strictly fall

within, however, pursuant to DTR 5.1.2 R a notification is

required and the exemptions provided in DTR 5.1.3R do

not apply. Accordingly, for the purpose of this disclosure

the voting rights agreement has been treated as a

financial instrument with similar economic effect.

14. Contact name:

Umesh Mittal

15. Contact telephone number:

020 3551 7661

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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