GCM Resources Regulatory News (GCM)

13 Dec 2007 15:59

Global Coal Management PLC13 December 2007 TR-1(i): Notification of major interests in shares 1. Identity of the issuer or the underlying issuer of existing Global Coal Management Plcshares to which voting rights are attached(ii): 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 financial instruments which may result in the acquisition ofshares 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 OSPRAIE MANAGEMENT, LLC(iii): 4. Full name of shareholder(s) (if different from 3.)(iv): SEE SECTION 9 BELOW 5. Date of the transaction (and date on which the threshold is DECEMBER 11, 2007crossed or reached if different)(v): 6. Date on which issuer notified: DECEMBER 12, 2007 7. Threshold(s) that is/are crossed or reached: 3 % 8. Notified details: A: Voting rights attached to shares Class/type of Situation previous to Resulting situation after the triggering transaction(vii)shares the Triggering transaction (vi) if possible Number of Number of Number of Number of voting rights ix % of voting rightsusing the ISIN Shares Voting sharesCODE Rights viii Direct Direct x Indirect xi Direct Indirect GB00B00KV284 1,511,055 1,511,055 N/A N/A Below 3% N/A Below 3% B: Financial Instruments Resulting situation after the triggering transaction xiiType of financial Expiration date Exercise/ Conversion Number of voting rights % of votinginstrument xiii Period/ Date xiv that may be acquired if rights the instrument is exercised/ converted. n/a n/a n/a n/a n/a Total (A+B)Number of voting rights % of voting rights Below 3% Below 3% 9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable xv: IN THE NARRATIVE BELOW, THE FIGURES IN BRACKETS INDICATE THE AMOUNT OF VOTINGRIGHTS AND THE PERCENTAGE HELD BY CONTROLLED UNDERTAKINGS WHERE RELEVANT. OSPRAIE MANAGEMENT, LLC (Below 3%), A DISCRETIONARY INVESTMENT MANAGER, IS ACONTROLLER OF THE OSPRAIE PORTFOLIO LTD (Below 3%). Proxy Voting: 10. Name of the proxy holder: N/A 11. Number of voting rights proxy holder will cease to hold: N/A 12. Date on which proxy holder will cease to hold voting rights: N/A 13. Additional information: THE SHARES REFERRED TO IN SECTION 9 ABOVE ARE HELD IN A PORTFOLIO MANAGED BY THOSE FIRMS ON A DISCRETIONARY BASIS FOR ITS CLIENT. 14. Contact name: MICHAEL FISCHER 15. Contact telephone number: 001 212 602 5000 Annex Notification Of Major Interests In Shares xvi A: Identity of the person or legal entity subject to the notification obligation Full name (including legal form for legal entities) OSPRAIE MANAGEMENT, LLC Contact address (registered office for legal entities) 320 PARK AVENUE, 27TH FLOOR, NEW YORK, NY 10022, USA Phone number 001 212 602 5000 Other useful information (at least legal representative MICHAEL FISCHERfor legal persons) B: Identity of the notifier, if applicable xviiFull nameContact addressPhone numberOther useful information (e.g. functional relationshipwith the person or legal entity subject to thenotification obligation) C: Additional information Notes -------------------------- (i) This form is to be sent to the issuer or underlying issuer andto be filed with the competent authority. (ii) Either the full name of the legal entity or another methodfor identifying the issuer or underlying issuer, provided it is reliable andaccurate. (iii) This should be the full name of (a) the shareholder; (b) theperson acquiring, disposing of or exercising voting rights in the cases providedfor in DTR5.2.1 (b) to (h); (c) all the parties to the agreement referred to inDTR5.2.1 (a), or (d) the direct or indirect holder of financial instrumentsentitled to acquire shares already issued to which voting rights are attached,as appropriate. In relation to the transactions referred to in points DTR5.2.1 (b) to (h), thefollowing list is provided as indication of the persons who should be mentioned: - in the circumstances foreseen in DTR5.2.1 (b), the person thatacquires the voting rights and is entitled to exercise them under the agreementand the natural person or legal entity who is transferring temporarily forconsideration the voting rights; - in the circumstances foreseen in DTR 5.2.1 (c), the personholding the collateral, provided the person or entity controls the voting rightsand declares its intention of exercising them, and person lodging the collateralunder these conditions; - in the circumstances foreseen in DTR5.2.1(d), the person who hasa life interest in shares if that person is entitled to exercise the votingrights attached to the shares and the person who is disposing of the votingrights when the life interest is created; - in the circumstances foreseen in DTR5.2.1 (e), the parentundertaking and, provided it has a notification duty at an individual levelunder DTR 5.1, under DTR5.2.1 (a) to (d) or under a combination of any of thosesituations, the controlled undertaking; - in the circumstances foreseen in DTR5.2.1 (f), the deposit takerof the shares, if he can exercise the voting rights attached to the sharesdeposited with him at his discretion, and the depositor of the shares allowingthe deposit taker to exercise the voting rights at his discretion; - in the circumstances foreseen in DTR5.2.1 (g), the person thatcontrols the voting rights; - in the circumstances foreseen in DTR5.2.1 (h), the proxy holder,if he can exercise the voting rights at his discretion, and the shareholder whohas given his proxy to the proxy holder allowing the latter to exercise thevoting rights at his discretion. (iv) Applicable in the cases provided for in DTR 5.2.1 (b) to (h).This should be the full name of the shareholder or holder of financialinstruments who is the counterparty to the natural person or legal entityreferred to in DTR5.2. (v) The date of the transaction should normally be, in the case ofan on exchange transaction, the date on which the matching of orders occurs; inthe case of an off exchange transaction, date of the entering into an agreement. The date on which threshold is crossed should normally be the date on which theacquisition, disposal or possibility to exercise voting rights takes effect (seeDTR 5.1.1R (3)). For passive crossings, the date when the corporate event tookeffect. These dates will usually be the same unless the transaction is subject to acondition beyond the control of the parties. (vi) Please refer to the situation disclosed in the previousnotification, In case the situation previous to the triggering transaction wasbelow 3%, please state 'below 3%'. vii If the holding has fallen below the minimum threshold , the notifying partyshould not be obliged to disclose the extent of the holding, only that the newholding is less than 3%. For the case provided for in DTR5.2.1(a), there should be no disclosure ofindividual holdings per party to the agreement unless a party individuallycrosses or reaches an Article 9 threshold. This applies upon entering into,introducing changes to or terminating an agreement. viii Direct and indirect ix In case of combined holdings of shares with voting rightsattached 'direct holding' and voting rights 'indirect holdings', please splitthe voting rights number and percentage into the direct and indirect columns-ifthere is no combined holdings, please leave the relevant box blank. X Voting rights attached to shares in respect of which thenotifying party is a direct shareholder (DTR 5.1) xi Voting rights held by the notifying party as an indirectshareholder (DTR 5.2.1) xii If the holding has fallen below the minimum threshold, thenotifying party should not be obliged to disclose the extent of the holding,only that the new holding is below 3%. xiii date of maturity / expiration of the finical instrument i.e.the date when the right to acquire shares ends. xiv If the financial instrument has such a period-pleasespecify the period- for example once every three months starting from the (date) xv The notification should include the name(s) of the controlledundertakings through which the voting rights are held. The notification shouldalso include the amount of voting rights and the percentage held by eachcontrolled undertaking, insofar as individually the controlled undertaking holds3% or more, and insofar as the notification by the parent undertaking isintended to cover the notification obligations of the controlled undertaking. xvi This annex is only to be filed with the competent authority. xvii Whenever another person makes the notification on behalf of theshareholder or the natural person/legal entity referred to in DTR5.2 andDTR5.3. This information is provided by RNS The company news service from the London Stock Exchange