16th Jun 2015 12:40
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 | DOLPHIN CAPITAL INVESTORS LIMITED | |||
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 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 | YES | |||
Other (please specify): | ||||
3. Full name of person(s) subject to thenotification obligation: iii | FIR TREE, INC. | |||
4. Full name of shareholder(s) (if different from 3.):iv | See box 9 below | |||
5. Date of the transaction and date onwhich the threshold is crossed orreached: v | 11 JUNE 2015 | |||
6. Date on which issuer notified: | 15 JUNE 2015 | |||
7. Threshold(s) that is/are crossed orreached: vi, vii | FROM ABOVE 5% TO BELOW 5% | |||
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 | |||||||||||||
VGG2803G1 028 | 38,425,000 | 38,425,000 | 38,425,000 | 38,425,000 | 4.24% | ||||||||||||
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
| ||||||||||||
US$ 2,020,000 of convertible bonds | US$0.7239 | Maturity 31.03.2016 | Convertible until 22.03.16 | 2,790,441 (approx)
| Nominal | Delta | |||||||||||
0.30% | |||||||||||||||||
Total (A+B+C) | |||||||||||||||||
Number of voting rights | Percentage of voting rights | ||||||||||||||||
41,215,441 | 4.55% | ||||||||||||||||
9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi | ||||
FIR TREE, INC., investment manager of:-
Fund
Fir Tree REF Ill Master Fund, LLC
Fir Tree Value Master Fund, L.P.
Fir Tree Capital Opportunity Master Fund, L.P. ("FCO") |
No. of voting rights attached to shares
440,000
37,985,000
No. of voting rights through convertible bonds
2,790,441 |
% of voting rights
0.04%
4.19%
0.30% | ||
Proxy Voting: | ||||
10. Name of the proxy holder: | N/A | |||
11. Number of voting rights proxy holder will ceaseto hold: | N/A | |||
12. Date on which proxy holder will cease to holdvoting rights: | N/A | |||
13. Additional information: | Calculation based on:
· 904,626,856 total shares in issue.
· FCO holds convertible bonds convertible to approx. 2,790,441 shares (based on conversion price: US$ 0.7239)
· If FCO exercised all convertible bonds held (and assuming no other convertible bonds or warrants had been exercised), the funds described at box 9 above would hold a combined total 4.55% of voting rights in the then issued share capital
The figures set out herein have been truncated to two decimal places | |||
14. Contact name: | Martin T. Towey, Fir Tree Inc. | |||
15. Contact telephone number: | +1 212-220-1645 | |||
Related Shares:
Dci Advisors