27th Jul 2012 12:35
For filings with the FSA include the annex | |||||
For fillings with issuer exclude the annex | |||||
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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 | Exillon Energy PLC ( TIDM: EXI) | ||||
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 | X | ||||
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 |
Worldview EHS International Master Fund PO BOX 309 Ugland House Grand Cayman KY1-1104 Cayman Islands ("Fund").
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4. Full name of shareholder(s) (if different from 3.):iv | UBS Securities LLC ("UBS") is the prime broker in relation to 3,824,368 shares in the issuer; and
Credit Suisse Securities (Europe) Limited ("Credit Suisse") is the prime broker in relation to 9,557,066 shares in the issuer.
Interactive Broker LLC is a nominee shareholder of 3,420,574 shares in the issuer.
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5. Date of the transaction and date onwhich the threshold is crossed orreached: v | 25 July 2012 | ||||
6. Date on which issuer notified: | 26 July 2012 | ||||
7. Threshold(s) that is/are crossed orreached: vi, vii | Threshold of 10% of the entire issued share capital of the issuer exceeded. | ||||
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 in the capital of the issuer with a nominal value of US$0.0000125
ISIN CODE: IM00B58FMW76 | 10,829,701 | 8.823% | - | - | 16,802,008 | - | 10 (ten) %. | |||||||||
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 | ||||||||||||
Swap contracts with UBS and Credit Suisse. | In relation to UBS 15 December 2016
In relation to Credit Suisse 7 May 2013 | Monthly | All | - | ||||||||||||
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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Voting Rights Agreement | n/a | Ongoing | n/a | 2.1180% of the share capital of the Issuer
| Nominal | Delta | ||||||||||
n/a | n/a | |||||||||||||||
Total (A+B+C) | ||||||||||||||||
Number of voting rights | Percentage of voting rights | |||||||||||||||
16,802,008 (indirect) | 10 (ten) % (indirect) | |||||||||||||||
9. Chain of controlled undertakings through which the voting rights and/or thefinancial 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 ceaseto hold: | n/a | |
12. Date on which proxy holder will cease to holdvoting rights: | n/a | |
13. Additional information: |
Worldview Capital Management SA is 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 5.9055% shares in the issuer is acquired through swap contracts between the Fund, UBS and Credit Suisse (as prime brokers). Interests in 2.1180% 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 | |
15. Contact telephone number: | 020 3551 7661 | |
Related Shares:
EXI.L