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Accident Exchange (~268)

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Wednesday 16 September, 2009

Accident Exchange

Holding(s) in Company

RNS Number : 1834Z
Accident Exchange Group PLC
16 September 2009
 






TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES


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

ACCIDENT EXCHANGE GROUP PLC

(ISIN: GB00B00LL325


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):

Change in Delta

 X


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


CQS CONVERTIBLE AND QUANTITATIVE STRATEGIES MASTER FUND LIMITED

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


 AS ABOVE

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


 15 September 2009

6. Date on which issuer notified:


 16 September 2009


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


 5%


  

8. Notified details:

A: Voting rights attached to shares


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

V
oting
Rights

Number
of shares

Number of voting
rights

% of voting rights

Direct

Direct

Indirect

Direct

Indirect

 

 

 

 

 

 

 

 

 


B: Qualifying Financial Instruments

Resulting situation after the triggering transaction


Type of financial
instrument

Expiration
date

Exercise/ 
Conversion 
Period

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

Resulting situation after the triggering transaction


Type of financial
instrument

Exercise 
price

Expiration 
date

Exercise/
Conversion 

period

Number of voting 
rights instrument 
refers to

% of voting rights


CONVERTIBLE BOND (XS0334968343)

 

 08/01/2013

 08/01/2013

 3,553,424

Nominal

Delta


 

 4.99%


Total (A+B+C)


Number of voting rights

Percentage of voting rights

 3,553,424

 4.99%


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

 N/A


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:


 Compliance Officer, CQS (UK) LLP


14. Contact name:


 Kathryn Louise Haswell


15. Contact telephone number:


 0207 201 6900




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