16 Apr 2010 11:14
16 April 2010
Independent Resources plc
(the 'Company')
Notification of substantial shareholding
The Company received notification on 14th April 2010 from Matterhorn Investment Management LLP that, although non-beneficial funds under the discretionary management of Matterhorn Investment Management LLP continue to hold an interest in 4,416,667 ordinary shares of Independent Resources Plc, as a result of a recent transfer between funds, Matterhorn Investment Management LLP gives notice as follows:
1. The following interests are included in the number of shares shown above:
Fund Name and Address No of Ordinary Shares
The Wildhorn Master Fund 1,626,892
and
The Breithorn Master Fund 2,789,775
both of
89 Nexus Way
Camana Bay
Grand Cayman KY1-9007
Cayman Islands
2. The Palmyra Master Fund no longer holds a notifiable interest in Independent Resources Plc.
3. The registered holder of the total above mentioned shares is:
Registered Holder No of Ordinary Shares
Goldman Sachs Securities (Nominees) Limited 4,416,667
4. Neither Matterhorn Investment Investment Management LLP, The Wildhorn Master Fund nor The Breithorn Master Fund are interested in any of the above shares by virtue of such an interest as is mentioned in s.298(5) Companies Act 1985.
Enquiries:
Tim James, Financial Director,
Independent Resources plc 00 39 06 45 49 07 20
Echo Energy (ECHO)