4th Nov 2008 17:06
Advent Capital (Holdings) PLC
("Advent" or the "Company")
Notification of major interests in shares
Advent Capital (Holdings) PLC announces that it received the following notification pursuant to the Disclosure and Transparency Rules.
TR-1: NOTIFICATION OF MAJOR INTERESTS IN SHARES
Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:
Advent Capital (Holdings) PLC
2. Reason for the notification (please place an X inside the appropriate bracket/s):
An acquisition or disposal of voting rights: ( x )
An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached: ( )
An event changing the breakdown of voting rights: ( )
Other (please specify): ( )
3. Full name of person(s) subject to the notification obligation:
Fairfax Financial Holdings Limited
4. Full name of shareholder(s) (if different from 3.) :
See section 9
5. Date of the transaction (and date on which the threshold is crossed or reached if different):
31 October 2008
6. Date on which issuer notified:
4 November 2008
7. Threshold(s) that is/are crossed or reached:
Fairfax group companies' holding 59%, 60% and 61%
Individual holdings giving rise to a notification obligation:
Odyssey America Reinsurance Corporation: 7% threshold
8. Notified details:
A: Voting rights attached to shares
|
Class/type of shares if possible using the ISIN CODE |
Situation previous to the Triggering transaction |
|
|
|
Number of shares |
Number of voting Rights |
|
Ordinary |
23,792,120 |
23,792,120 |
Resulting situation after the triggering transaction
|
Class/type of shares if possible using the ISIN CODE |
Number of shares |
Number of voting rights |
% of voting rights |
||
|
|
Direct |
Direct |
Indirect |
Direct |
Indirect |
|
Ordinary |
24,843,486 |
5,264,653 |
19,578,833 |
12.95% |
48.15% |
B: Financial Instruments
Resulting situation after the triggering transaction
|
Type of financial instrument |
Expiration Date |
Exercise/Conversion Period/ Date |
Number of voting rights that may be acquired if the instrument is exercised/ converted. |
% of voting rights |
Total (A+B)
|
Number of voting rights |
% of voting rights |
|
24,843,486 |
61.10% |
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
|
Company |
No. of voting rights |
% of voting rights |
| CRC (Bermuda) Reinsurance Limited United States Fire Insurance Company The North River Insurance Company Fairmont Speciality Insurance Company Fairmont Premier Insurance Company Fairmont Insurance Company TIG Insurance Company Clearwater Insurance Company Odyssey America Reinsurance Corporation Total |
4,689,091 4,066,948 301,321 1,607,746 281,255 177,315 3,111,977 2,171,590 3,171,590 19,578,833 |
11.53 10.00 0.74 3.96 0.69 0.44 7.65 5.34 7.80 48.15 |
Proxy Voting:
10. Name of the proxy holder:
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:
14. Contact name:
Paula Sawyers
15. Contact telephone number:
00 1 416-367-4946
4 November 2008
For further information please contact:
|
Advent Capital (Holdings) PLC |
Tel: 020 7743 8200 |
|
|
Keith Thompson |
||
|
Chief Operating Officer |
||
|
Trevor Ambridge |
Tel: 020 7743 8200 |
|
|
Chief Financial Officer |
||
|
Neil Ewing |
Tel: 020 7743 8250 |
|
|
Investor Relations |
||
|
Fox-Pitt, Kelton |
Tel: 020 7663 6000 |
|
|
Simon Law |
||
|
Jonny Franklin-Adams |
||
|
Pelham Public Relations |
Tel: 020 7743 6362 |
|
|
Polly Fergusson |
||
|
Damian Beeley |
Related Shares:
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