Exillon Energy Plc TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES (1217M)
September 12 2012 - 9:30AM
UK Regulatory
TIDMEXI
RNS Number : 1217M
Exillon Energy Plc
12 September 2012
For filings with the FSA include the
annex
For filings 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):
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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 6,000,000 shares
in the issuer; and
Credit Suisse Securities (Europe) Limited
("Credit Suisse") is the prime broker
in relation to 8,366,846 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 7 September 2012
on
which the threshold is crossed
or
reached: (v)
------------------------------------------ -------------------------------------------------
6. Date on which issuer notified: 10 September 2012
------------------------------------------ -------------------------------------------------
7. Threshold(s) that is/are crossed Threshold of 11% of the entire issued
or share capital of the issuer exceeded.
reached: (vi, vii)
------------------------------------------ -------------------------------------------------
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 shares rights (x)
Shares Voting
Rights
-------------- -------------- ---------------- ------------ ----------------------- -----------------------
Direct Direct Indirect Direct Indirect
(xi) (xii)
-------------- ------ ------ ----------- --- ------------ ---------- ----------- ---------- -----------
ordinary
shares
in the
capital
of the
issuer
with a
nominal 11
value of (eleven)
US$0.0000125 17,584,696 10.8884% - - 17,787,420 - %.
-------------- ---------------- ------------ ---------- ----------- ---------- -----------
ISIN CODE:
IM00B58FMW76
-------------- ------ ------ ----------- --- -------- ------ ----------- ---- ---- -----------
B: Qualifying Financial Instruments
----------------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
----------------------------------------------------------------------------------------------------------------
Type of financial Expiration Exercise/ Number of voting % of voting
instrument date (xiii) Conversion rights that may rights
Period (xiv) be
acquired if the
instrument is
exercised/ converted.
---------------------- ------------------------ ---------------- ------------------------- -----------------
Swap contracts In relation Monthly All -
with UBS and Credit to UBS 15 December
Suisse. 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 Conversion rights instrument (xix, xx)
instrument (xvii) 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
---------------------------------------------------------- ----------------------------------------------------
17,787,420 (indirect) 11 (eleven) % (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:
----------------------------------------------------- --------------------------------
Worldview Capital Management SA is
13. Additional information: 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 8.896 % of shares
in the issuer is acquired through
swap contracts between the Fund, UBS
and Credit Suisse (as prime brokers).
Interests in 2.1180% of the shares
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
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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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