Holding(s) in Company

RNS Number : 8118I

Prodesse Investment Limited

24 November 2008

 



TR-1(i): NOTIFICATION OF MAJOR INTERESTS IN SHARES

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

Prodesse Investment Limited

2. Reason for the notification (please state 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: ( No )

An event changing the breakdown of voting rights: ( No )

Other (please specify) : (  No )  

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

Funds under the discretionary management of Laxey Partners Limited

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

    Credit Suisse Client Nominees Limited and Vidacos Nominees Limited

5. Date of the transaction (and date on which the threshold is crossed or reached if 

    different) (v):

    21 November 2008

6. Date on which issuer notified:

   24 November 2008

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

Percentage Change

8. Notified details:

    13.82% on 18 April 2008

A: Voting rights attached to shares

Class/type of shares if possible using the ISIN CODE	Situation previous to the Triggering transaction (vi)
	Number of shares	Number of voting Rights (viii)
GB00B06FN106	4,282,000	13.82%

Resulting situation after the triggering transaction (vii)

Class/type of shares if possible using the ISIN CODE	Number of shares	Number of voting rights (ix)		% of voting rights
	Direct	Direct (x)	Indirect (xi)	Direct	Indirect
	Nil	Nil		0.00%

B: Financial Instruments

Resulting situation after the triggering transaction (xii)

Type of financial instrument	Expiration Date (xiii)	Exercise/Conversion Period/ Date (xiv)	Number of voting rights that may be acquired if the instrument is exercised/ converted.	% of voting rights

Total (A+B)

Number of voting rights	% of voting rights
Nil	0.00%

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

Proxy Voting:

10. Name of the 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:

……………..

14. Contact name:

   Laxey Partners Limited

    The Old Chapel, Summerhill Road, Onchan, Isle of Man IM3 1NA

15. Contact telephone number:

   [phone]

 

END

 

 

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