24th Dec 2012 13:15
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi | |||||||
1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii | Sherborne Investors (Guernsey) B Limited | ||||||
2 Reason for the notification (please tick the appropriate box or boxes): | |||||||
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 | |||||||
Other (please specify): | |||||||
3. Full name of person(s) subject to thenotification obligation: iii |
(i) Sherborne Investors (Guernsey) GP, LLC (ii) Sherborne Strategic Fund E, LLC (iii) Sherborne Strategic Fund D, LLC (iv) Sherborne Investors LP (v) Sherborne Investors GP, LLC
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4. Full name of shareholder(s) (if different from 3.):iv |
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5. Date of the transaction and date onwhich the threshold is crossed orreached: v | 21 December 2012 | ||||||
6. Date on which issuer notified: | 21 December 2012 | ||||||
7. Threshold(s) that is/are crossed orreached: vi, vii |
(i) Sherborne Investors (Guernsey) GP, LLC - 0% (ii) Sherborne Strategic Fund E, LLC - 4% (iii) Sherborne Strategic Fund D, LLC - 12%
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8. Notified details: | |||||||||||||||
A: Voting rights attached to shares viii, ix | |||||||||||||||
Class/type ofshares if possible usingthe ISIN CODE | Situation previousto the triggeringtransaction | Resulting situation after the triggering transaction | |||||||||||||
NumberofShares | NumberofVotingRights | Numberof shares | Number of votingrights | % of voting rights x | |||||||||||
Direct | Direct xi | Indirect xii | Direct | Indirect | |||||||||||
Ordinary shares | 35,000,000 | 35,000,000 | 35,000,000 | 16.91% | |||||||||||
ISIN: GG00B883XC99 | |||||||||||||||
B: Qualifying Financial Instruments | |||||||||||||||
Resulting situation after the triggering transaction | |||||||||||||||
Type of financialinstrument | Expirationdate xiii | Exercise/Conversion Period xiv | Number of votingrights that may beacquired if theinstrument isexercised/ converted. | % of votingrights | |||||||||||
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi | |||||||||||||||
Resulting situation after the triggering transaction | |||||||||||||||
Type of financialinstrument | Exercise price | Expiration date xvii | Exercise/Conversion period xviii | Number of voting rights instrument refers to
| % of voting rights xix, xx
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Nominal | Delta | ||||||||||||||
Total (A+B+C) | |
Number of voting rights | Percentage of voting rights |
35,000,000 | 16.91% |
9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi | ||
Sherborne Investors GP, LLC is the general partner of Sherborne Investors LP. Sherborne Investors LP is the sole member of Sherborne Investors (Guernsey) GP, LLC and is the managing member of Sherborne Strategic Fund D, LLC ("SSFD") and Sherborne Strategic Fund E, LLC ("SSFE").
Shares previously held by Sherborne Investors (Guernsey) GP, LLC have been transferred to SSFD, which now holds 25,000,000 A ordinary shares (approximately 12.08%) in the issuer, and SSFE, which now holds 10,000,000 A ordinary shares (approximately 4.83%) in the issuer, such figures being a subject of this notification of major interest in shares.
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Proxy Voting: | ||
10. Name of the proxy holder: | N/A | |
11. Number of voting rights proxy holder will ceaseto hold: | N/A | |
12. Date on which proxy holder will cease to holdvoting rights: | N/A | |
13. Additional information: | N/A | |
14. Contact name: | Craig McKibben | |
15. Contact telephone number: | +1 (212) 735-1000 | |
Related Shares:
SIGB.L