Last checked at 23 Oct 2008 14:51
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 | |
| PROTON POWER SYSTEMS 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 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 (specify): | ( ) | ||
| 3. | Full name of person(s) subject to the notification obligation: |
| Kaupthing Singer & Friedlander Ltd | |
| 4. | Full name of shareholder(s) (if different from 3.) |
| Kaupthing Singer & Friedlander Ltd | |
| 5. | Date of the transaction (and date on which the threshold is crossed or reached if different): |
| 03.10.2008 | |
| 6. | Date on which issuer notified: |
| 21.10.2008 | |
| 7. | Threshold(s) that is/are crossed or reached: |
| 3.53% | |
| 8. | Notified details: |
| 2,520,000 |
A. Voting rights attached to shares
| Class/type of shares (if possible using the ISIN code) | GB00B00QHC86 |
| 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 | ||||
| Below 3% | Below 3% | 2,520.000 | 2,520,000 | 3.53% | ||||
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 |
| 2,520,000 | 3.53% |
| 9. | Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: |
| The shares are held in KSF Ltd Crest account through Kaupthing, Singer & Friedlander Ltd. Kaupthing, Singer & Friedlander Limited is in administration. Kaupthing Singer & Friedlander Limited (the Company) was placed into administration pursuant to a court order made on 8 October 2008. Margaret Elizabeth Mills, Patrick Joseph Brazzill, Thomas Merchant Burton and Alan Robert Bloom were appointed joint administrators of the Company. |
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: | Based on issue share capital of 71,390,863 |
| 14: | Contact name: | Mareike Stamm |
| 15. | Contact telephone number: | 0203 205 6622 |