Dexion Trading Limited Holding(s) in Company (1444S)
November 27 2012 - 11:49AM
UK Regulatory
TIDMDTL
RNS Number : 1444S
Dexion Trading Limited
27 November 2012
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
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1. Identity of the issuer or the underlying Dexion Trading Ltd
issuer
of existing shares to which voting rights
are
attached: (ii)
--------------------------------------------------- -----------------------------------
2 Reason for the notification (please tick the appropriate box or boxes):
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An acquisition or disposal of voting rights Yes
------------------------------------------------------------------------------- -------
An acquisition or disposal of qualifying financial instruments
which may result in the acquisition of shares already issued to
which voting rights are attached
------------------------------------------------------------------------------- -------
An acquisition or disposal of instruments with similar economic
effect to qualifying financial instruments
------------------------------------------------------------------------------- -------
An event changing the breakdown of voting rights
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Other (please
specify):
------------------- ---------------------------------------------------------- -------
3. Full name of person(s) subject Permal Investment Management Services
to the Ltd and
notification obligation: (iii) Permal Asset Management Inc.
-------------------------------------------- ------------------------------------------
4. Full name of shareholder(s) Permal Select Opportunities Ltd,
(if different from 3.):(iv) Permal Select Opportunities II Ltd
Permal Hedge Fund Opportunities Ltd
and
Permal Hedge Fund Opportunities II
Ltd
-------------------------------------------- ------------------------------------------
5. Date of the transaction and date 21 November 2012
on
which the threshold is crossed
or
reached: (v)
-------------------------------------------- ------------------------------------------
6. Date on which issuer notified: 27 November 2012
-------------------------------------------- ------------------------------------------
7. Threshold(s) that is/are crossed
or
reached: (vi, vii) 5%
-------------------------------------------- ------------------------------------------
8. Notified details:
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A: Voting rights attached to shares (viii, ix)
------------------------------------------------------------------------------------------------------------------------
Class/type Situation previous Resulting situation after the triggering
of to the triggering transaction
shares transaction
if possible
using
the ISIN
CODE
------------- -------------------------------------- -----------------------------------------------------------------
Number Number Number Number of voting % of voting rights
of of of rights (x)
Shares Voting shares
Rights
------------- ---------------- -------------------- --------- ----------------------- -----------------------------
Direct Direct Indirect Direct Indirect
(xi) (xii)
------------- ----- ------- ------ ------ ---- --------- ----------- ---------- ------------- --------------
GB00B0378141 3,435,000 3,435,000 5,112,600 5.35%
---------------- -------------------- --------- ----------- ---------- ------------- --------------
B: Qualifying Financial Instruments
------------------------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
------------------------------------------------------------------------------------------------------------------------
Type of financial Expiration Exercise/ Number of voting % of voting
instrument date (xiii) Conversion Period rights that may rights
(xiv) be
acquired if the
instrument is
exercised/ converted.
---------------------- --------------- ---------------------------- --------------------------- --------------------
n/a
---------------------- --------------- ---------------------------- --------------------------- --------------------
C: Financial Instruments with similar economic effect to Qualifying Financial
Instruments (xv, xvi)
------------------------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
------------------------------------------------------------------------------------------------------------------------
Type of Exercise Expiration Exercise/ Number of voting % of voting rights
financial price date (xvii) Conversion rights instrument (xix, xx)
instrument period refers to
(xviii)
--------------- -------------- -------------- --------------- --------------------------- -------------------------
n/a Nominal Delta
--------------- -------------- -------------- --------------- --------------------------- ------------ -----------
Total (A+B+C)
------------------------------------------------------------------------------------------------------------------------
Number of voting rights Percentage of voting rights
-------------------------------------------------------------- --------------------------------------------------------
5,112,600 5.35%
-------------------------------------------------------------- --------------------------------------------------------
9. Chain of controlled undertakings through which the voting rights and/or
the
financial instruments are effectively held, if applicable: (xxi)
------------------------------------------------------------------------------------------
1. Permal Select Opportunities Ltd - 3,745,000 shares and voting rights
of 3.92%
2.Permal Hedge Fund Opportunities Ltd - 384,000 shares and voting rights
of 0.40%
3. Permal Hedge Fund Opportunities Ltd II - 483,600 shares and voting
rights of 0.51%
4. Permal Select Opportunities II Ltd - 500,000 shares and voting rights
of 0.52%
This notification is also being made in respect of Permal Investment
Management Services Limited (PIMS) and Permal Asset Management Inc. (PAMI),
which are both indirect holders of the shares for the purposes of DTR
5.2.1 (h). Please see section 13 for further information.
Proxy Voting:
------------------------------------------------------------------------------------------
10. Name of the proxy holder: n/a
-------------------------------------------------------- --------------------------------
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: PIMS holds the voting rights under
proxy contained in investment management
agreements with Permal Select Opportunities
Ltd (PSO), Permal Select Opportunities
II Ltd (PSO II), Permal Hedge Fund
Opportunities Ltd (PHFO) and Permal
Hedge Fund Opportunities Ltd II (PHFO
II) and sub-delegates investment management
to PAMI which also holds the voting
rights under proxy as a result.
All voting rights held on behalf of
PSO, PSO II, PHFO and PHFO II are
aggregated for the purposes of DTR
5.2.1 (e).
----------------------------------------- -----------------------------------------------
14. Contact name: Michael McDonough
----------------------------------------- -----------------------------------------------
15. Contact telephone number: +44(0) 20 7389 1336
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This information is provided by RNS
The company news service from the London Stock Exchange
END
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