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Company Exillon Energy Plc
TIDM EXI
Headline

TR:1 Notification of Major Interest In Shares

Released 07:00 11-Feb-2013
Number 5442X07

RNS Number : 5442X
Exillon Energy Plc
11 February 2013
 



For filings with the FSA include the annex
For filings with issuer exclude the annex
 

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi
 

1. Identity of the issuer or the underlying issuer
of existing shares to which voting rights are
attached:
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


An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

X

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 the
notification obligation:
iii

 

Worldview EHS International Master Fund

PO BOX 309

Ugland House

Grand Cayman KY1-1104

Cayman Islands

("Fund").

 

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

Credit Suisse Client Nominees (UK) Limited ("Credit Suisse") (which is the prime broker in relation to) is a nominee shareholder of 19,099,791 shares in the issuer.

 

Interactive Broker LLC is a nominee shareholder of 3,533,413 shares in the issuer.

 

5. Date of the transaction and date on
which the threshold is crossed or
reached:
v

7th February 2013

6. Date on which issuer notified:

8th February 2013

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

Threshold of 14% of the entire issued share capital of the issuer exceeded.

 

8. Notified details:

A: Voting rights attached to shares viii, ix

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 x

Direct

Direct xi

Indirect xii

Direct

Indirect

ordinary shares in the capital of the issuer with a nominal value of US$0.0000125

 

22,610,309

13.99%


19,099,791

3,533,413

11.826%

2.188%

ISIN CODE: IM00B58FMW76


B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial
instrument

Expiration
date
xiii

Exercise/
Conversion Period
xiv

Number of voting
rights that may be
acquired if the
instrument is
exercised/ converted.

% of voting
rights







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

Resulting situation after the triggering transaction

Type of financial
instrument

Exercise price

Expiration date xvii

Exercise/
Conversion period
xviii

Number of voting rights instrument refers to

 

% of voting rights xix, xx

 

 

 

Voting Rights Agreements

 

 

n/a

Ongoing

n/a

3,420,574 (or 2.11%) and 112,839 (or 0.07%) of the share capital of the issuer (total 3,533,413 or 2.188%)

Nominal

Delta

n/a

n/a


Total (A+B+C)

Number of voting rights

Percentage of voting rights

22,633,204 (direct and indirect)

14.01% (direct and indirect)

 

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

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 will cease to hold
voting 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 11.826% of shares in the issuer is held through Credit Suisse Client Nominees (UK) Limited (as prime brokers). Interests in 2.188% of the shares are held through the voting rights agreements identified in paragraph C above.

 

The voting rights agreements provide 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 agreements have been treated as financial instruments 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
 
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TR:1 Notification of Major Interest In Shares - RNS