Holding(s) in Company

RNS Number : 4767D
Cairn Energy PLC
16 May 2012
 



 




TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi



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

Cairn Energy PLC

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


Other (please specify):

Increase in total issued share capital by Cairn Energy PLC on 9 May 2012 resulted in a reduction of the percentage of the company's total issued share capital that the entities in boxes 3 and 4 below control or have economic exposure to.

X

3. Full name of person(s) subject to the
notification obligation:
iii

Greenlight Capital, Inc. and each of its affiliates listed below:

 

Greenlight Capital, LLC

DME Advisors, LP

DME Management GP, LLC

DME Capital Management, LP

Mr. David Einhorn

 

4. Full name of shareholder(s)
 (if different from 3.):iv

 

Greenlight Capital, L.P.

Greenlight Capital Qualified, L.P.

Greenlight Capital Offshore Partners

Greenlight Reinsurance, Ltd.

Greenlight Capital (Gold), LP

Greenlight Capital Offshore Master (Gold), Ltd

 

5. Date of the transaction and date on
which the threshold is crossed or
reached:
v

May 9, 2012

6. Date on which issuer notified:

May 15, 2012

7. Threshold(s) that is/are crossed or
reached:
vi, vii

Below reportable threshold of 3%.



 

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type of
shares


if possible using
the 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

% of  voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

Ordinary shares

14,560,000

14,560,000

14,560,000

14,560,000


2.42%


GB00B74CDH82


B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial
instrument

Expiration
date
xiii

Exercise/
Conversion Period
xiv

Number of voting
rights that may be
acquired if the
instrument is
exercised/ converted.

% of voting
rights







C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financial
instrument

Exercise price

Expiration date xvii

Exercise/
Conversion period
xviii

Number of voting rights instrument refers to

 

% of voting rights xix, xx

 

Total Return Swap

N/A

01 March 2013

N/A

2,166,666

Nominal

Delta


0.36%


Total (A+B+C)

Number of voting rights

Percentage of voting rights

16,726,666

2.78%



 

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

 

Shares and financial instruments are held by Greenlight Capital, L.P., Greenlight Capital Qualified, L.P., Greenlight Capital Offshore Partners, Greenlight Reinsurance, Ltd., Greenlight Capital (Gold), LP, and Greenlight Capital Offshore Master (Gold), Ltd.

 

The general partner of Greenlight Capital, LP and Greenlight Capital Qualified, LP is Greenlight Capital, LLC, a Delaware limited liability company.  The investment advisor for Greenlight Capital, LP, Greenlight Capital Qualified, LP, and Greenlight Capital Offshore Partners is Greenlight Capital, Inc., a Delaware corporation.  The investment advisor for Greenlight Reinsurance, Ltd. is DME Advisors, LP, a Delaware limited partnership.  The general partner of Greenlight Capital (Gold), LP, is DME Management GP, LLC, a Delaware limited liability company.  The investment advisor for Greenlight Capital (Gold), LP and Greenlight Capital Offshore Master (Gold), Ltd. is DME Capital Management, LP, a Delaware limited partnership.

 

Each of Greenlight Capital, LLC, Greenlight Capital, Inc., DME Advisors, LP, DME Management GP, LLC and DME Capital Management, LP is controlled by David Einhorn.

 


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:


None

14. Contact name:

Harry Brandler, Chief Financial Officer

15. Contact telephone number:

1-212-973-1900

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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