Holding(s) in Company

RNS Number : 1156Y

Cadogan Petroleum PLC

02 July 2008

 



Cadogan Petroleum plc

2 July 2008

NOTIFICATIONS OF MAJOR INTERESTS IN SHARES

The Company has received the following notification of holdings:

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

Cadogan Petroleum plc

2. Reason for notification (yes/no)
An acquisition or disposal of voting rights	Yes*
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): *See section 13 (Additional information) for further details.

3. Full name of person(s) subject to notification obligation:	Altima Partners LLP
4. Full name of shareholder(s) (if different from 3):	The pre IPO shares are held by Altima Global Special Situations Master Fund Ltd and Altima Global Special Opportunities Master Fund Ltd. The post IPO shares are held by Deutsche Bank Prime Brokerage London.
5. Date of transaction (and date on which the threshold is crossed or reached if different):	18 June 2008
6. Date on which issuer notified:	1 July 2008
7. Threshold(s) that is/are crossed or reached:	10% threshold

8: Notified Details
A: Voting rights attached to shares
Class/type of shares If possible use ISIN code	Situation previous to the triggering transaction		Resulting situation after the triggering transaction
	Number of shares	Number of voting rights	Number of shares	Number of voting rights		Percentage of voting rights
				Direct	Indirect	Direct	Indirect
Ordinary shares		10.57%			19,617,428		8.49%

B: Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument	Expiration date	Exercise/ conversion period/date	No. of voting rights that may be acquired (if the instrument exercised/converted)	Percentage of voting rights

Total (A+B)
Number of voting rights	Percentage of voting rights
8.49%	19,617,428

9. Chain of controlled undertakings through which the voting rights and /or the financial instruments are effectively held, if applicable:

Altima Partners LLP is the Investment Advisor to the Altima Global Special Opportunities Master Fund Ltd and the Altima Global Special Situations Master Fund Ltd. The Corporate Member of Altima Partners LLP is Altima Services UK Ltd which is owned and controlled by Altima International Ltd. The voting share capital of Altima International Ltd is owned 50/50 by Mark Donegan and Dominic Redfern.

Proxy Voting:        N/A
10. Name of 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:	Altima Partners LLP ('Altima') controls the exercise of voting rights over a number of funds. Altima recently acquired additional shares in Cadogan Petroleum Plc ('Cadogan') as part of the initial public offering of Cadogan. However, as a result of the issue by Cadogan of 66,443,479 new shares during the IPO process, Altima's overall holding was reduced to 8.49%
14 Contact name at Company:	Alex Sawka, Company Secretary
15. Contact telephone number at Company:	020 7245 0801

 

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