20th Oct 2011 16:28
JZ CAPITAL PARTNERS LIMITED
(Registration No. 48761)
Registered Office:
2ND FLOOR, REGENCY COURT, GLATEGNY ESPLANADE, ST. PETER PORT,
GUERNSEY, GY1 3NQ
___________________________
TELEPHONE: + 44 1481 720321
FACSIMILE: + 44 1481 716117
E-MAIL: JZCP@bfmgl.gg
20 October 2011
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES |
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: |
JZ CAPITAL PARTNERS LIMITED |
2 Reason for the notification (please tick the appropriate box or boxes): | ||
An acquisition or disposal of voting rights | X | |
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 the notification obligation:
|
Abrams Capital Management, L.P. |
4. Full name of shareholder(s) (if different from 3.):
| Abrams Capital Partners I, L.P. Abrams Capital Partners II, L.P. Great Hollow International, L.P. Whitecrest Partners, L.P. |
5. Date of the transaction and date on which the threshold is crossed or reached:
|
17 October 2011 |
6. Date on which issuer notified:
|
18 October 2011 |
7. Threshold(s) that is/are crossed or reached:
|
From below 3% to above 5% |
8. Notified details: | |||||||
A: Voting rights attached to shares
| |||||||
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 | |||
Direct | Direct | Indirect | Direct | Indirect | |||
ISIN GG00B403HK58 | 1,061,406 | 1,061,406 | 2,022,637 | 2,022,637 | N/A | 5.57 | N/A |
B: Qualifying Financial Instruments | ||||
Resulting situation after the triggering transaction
| ||||
Type of financialinstrument | Expirationdate | Exercise/ConversionPeriod | Number of votingrights that may beacquired if theinstrument isexercised/ converted.
| % of votingrights |
N/A |
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments | ||||||
Resulting situation after the triggering transaction
| ||||||
Type of financialinstrument | Exerciseprice | Expirationdate | Exercise/Conversionperiod | Number of votingrights instrumentrefers to | % of voting rights
| |
N/A | Nominal | Delta
| ||||
Total (A+B+C)
| |
Number of voting rights | Percentage of voting rights |
2,022,637 | 5.57% |
9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: |
Each of the below entities is a fund managed by Abrams Capital Management, L.P., a US investment manager.
The shareholding of: Abrams Capital Partners I, L.P. 122,232 shares, 0.34% voting rights Abrams Capital Partners II, L.P. 1,505,499 shares,4.15% voting rights Great Hollow International, L.P. 199,102 shares, 0.55% voting rights Whitecrest Partners, L.P. 195,804 shares, 0.54% voting rights |
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:
| |
14. Contact name:
| Kenneth Largess |
15. Contact telephone number:
| +1 617 646 6106 |
Related Shares:
Jz Capital