Holding(s) in Company

RNS Number : 9961X

Cairn Energy PLC

17 January 2014

 



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					X
An event changing the breakdown of voting rights
Other (please specify):
3. Full name of person(s) subject to the notification obligation: iii		Greenlight Capital, Inc. and each of its affiliates listed below: DME Advisors, LP DME Capital Management, LP Mr. David Einhorn
4. Full name of shareholder(s)  (if different from 3.):iv		Greenlight Capital, Inc. DME Advisors, LP DME Capital Management, LP
5. Date of the transaction and date on which the threshold is crossed or reached: v		January 16, 2014
6. Date on which issuer notified:		January 17, 2014
7. Threshold(s) that is/are crossed or reached: vi, vii		Reached reportable threshold of 4%.

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

19,035,588

19,035,588

20,510,000

20,510,000

3.45%

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

N/A

N/A

4,600,627

Nominal

Delta

0.77%

Total (A+B+C)

Number of voting rights

Percentage of voting rights

25,110,627

4.22%

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

 

END

 

 

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