Exillon Energy Plc TR-1: Notification of major interest in shares (6998I)
July 27 2012 - 7:35AM
UK Regulatory
TIDMEXI
RNS Number : 6998I
Exillon Energy Plc
27 July 2012
For filings with the FSA include the
annex
For fillings with issuer exclude the
annex
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
---------------------------------------------------------------------------------------------
1. Identity of the issuer or the underlying Exillon Energy PLC ( TIDM: EXI)
issuer
of existing shares to which voting rights
are
attached: (ii)
---------------------------------------------------- ---------------------------------------
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 X
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
----------------------------------------------------------------------------------- --------
Other (please
specify):
------------------ --------------------------------------------------------------- --------
3. Full name of person(s) subject
to the Worldview EHS International Master
notification obligation: (iii) Fund
PO BOX 309
Ugland House
Grand Cayman KY1-1104
Cayman Islands
("Fund").
------------------------------------------ -------------------------------------------------
4. Full name of shareholder(s) UBS Securities LLC ("UBS") is the prime
(if different from 3.):(iv) broker in relation to
3,824,368 shares in the issuer; and
Credit Suisse Securities (Europe) Limited
("Credit Suisse")
is the prime broker in relation to
9,557,066 shares in the
issuer.
Interactive Broker LLC is a nominee
shareholder of
3,420,574 shares in the issuer.
------------------------------------------ -------------------------------------------------
5. Date of the transaction and date 25 July 2012
on
which the threshold is crossed
or
reached: (v)
------------------------------------------ -------------------------------------------------
6. Date on which issuer notified: 26 July 2012
------------------------------------------ -------------------------------------------------
7. Threshold(s) that is/are crossed Threshold of 10% of the entire issued
or share capital of the
reached: (vi, vii) issuer exceeded.
------------------------------------------ -------------------------------------------------
8. Notified details:
-------------------------------------------------------------------------------------------------------------------
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)
-------------- ---- ------- ------ ----- ---- ------- ------------ ----------- ------------- ------------
ordinary
shares
in
the capital
of the
issuer with
a
nominal
value
of
US$0.0000125
ISIN CODE: 10 (ten)
IM00B58FMW76 10,829,701 8.823% - - 16,802,008 - %.
------------- ------------------- ------- ------------ ----------- ------------- ------------
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.
-------------------- --------------- -------------------------- ---------------------------- ------------------
Swap contracts In relation Monthly All -
with UBS to UBS
and Credit Suisse. 15 December
2016
In relation
to Credit
Suisse
7 May 2013
-------------------- --------------- -------------------------- ---------------------------- ------------------
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)
-------------- ------------- ------------- ------------- ----------------------------- -----------------------
Voting Rights n/a Ongoing n/a 2.1180% of the share Nominal Delta
Agreement capital of the Issuer
-------------- ------------- ------------- ------------- ----------------------------- ---------- -----------
n/a n/a
-------------- ---- ------- ------ ----- ---- ------- ---- ------ ----------- ---------- -----------
Total (A+B+C)
-------------------------------------------------------------------------------------------------------------------
Number of voting rights Percentage of voting rights
----------------------------------------------------------- ------------------------------------------------------
16,802,008 (indirect) 10 (ten) % (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 n/a
cease
to hold:
----------------------------------------------------- --------------------------------
12. Date on which proxy holder will cease to n/a
hold
voting rights:
----------------------------------------------------- --------------------------------
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 5.9055% shares in
the issuer is acquired
through swap contracts between the
Fund, UBS and
Credit Suisse (as prime brokers).
Interests in 2.1180% is
held through a voting rights agreement
identified in
paragraph C above.
The voting rights agreement provides
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 agreement has been
treated as a
financial instrument with similar
economic effect.
---------------------------------------- ---------------------------------------------
14. Contact name: Umesh Mittal
---------------------------------------- ---------------------------------------------
15. Contact telephone number: 020 3551 7661
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This information is provided by RNS
The company news service from the London Stock Exchange
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