8 Jun 2009 08:41
NOTIFICATION OF INTEREST IN TOTAL VOTING RIGHTS
A form TR-1 containing the following information has been received by the Company.
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:
India Hospitality Corp
2. Reason for the notification
Change in FSA's DTR rules
3. Full name of person(s) subject to the notification obligation:
Drawbridge Special Opportunities Advisors LLC
4. Full name of shareholder(s) (if different from 3):
N/A
5.Date of the transaction (and date on which the threshold
is crossed or reached if different):
1 June 2009
6. Date on which issuer notified:
5 June 2009
7. Threshold(s) that is/are crossed or reached:
5%
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 | |||
Ordinary Shares KYG476011021 | 1,043,333 | 1,043,333 | 1,043,333 | 1,043,333 | 3.71% |
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 |
N/A | N/A | N/A | N/A | N/A |
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 | |
Warrant ISIN KYG476011104 | $5.00 | 1 August 2010 | Any time after 1 August 2007 | 399,666 | Nominal | Delta |
1.42% | ||||||
Total (A+B)
Number of voting rights | % of voting rights |
1,442,999 | 5.13% |
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
N/A
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 cease to hold voting rights:
N/A
13. Additional Information
The voting rights are held by Drawbridge Special Opportunities Advisors LLC as investment manager for its clients.