Holding(s) in Company

Holding(s) in Company

Dolphin Capital Investors Limited

For filings with the FSA include the annex  
For filings with issuer exclude the annex
 
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 		DOLPHIN CAPITAL INVESTORS LIMITED
2. Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights   YES
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):      
3. Full name of person(s) subject to the
notification obligation: iii 		  FIR TREE INC.
4. Full name of shareholder(s)
(if different from 3.):iv 		See box 9 below
5. Date of the transaction and date on
which the threshold is crossed or
reached: v 		1 February 2013
6. Date on which issuer notified: 6 February 2013
7. Threshold(s) that is/are crossed or
reached: vi, vii 		5%
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

VGG2803G1028

30,700,000 30,700,000 31,205,000 31,205,000   4.84%  
 
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
US$ 2,020,000 of convertible bonds US$ 0.7239 Maturity 31.03.2016

Convertible until 22.03.2016

2,790,440.67 Nominal   Delta
0.43%  
 
Total (A+B+C)
Number of voting rights   Percentage of voting rights
33,995,440.67 5.27%
9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable: xxi 		       

FIR TREE INC., investor manager of:-

 

 

 
Fund

No. of voting rights attached to shares

% of voting rights

Fir Tree REF III Master Fund, LLC

505,000

0.08%

Fir Tree Value Master Fund, L.P.

30,700,000

4.76%

 

 

No. of voting rights through convertible bonds

Fir Tree Capital Opportunity Master Fund, L.P. (“FCO”)

2,790,440.67 0.43%
 
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:

Calculation based on:

 

 

  • 642,440,167 total shares in issue.
  • FCO holds convertible bonds convertible to 2,790,440.67 shares (based on conversion price: US$0.7239)
  • If FCO exercised all convertible bonds held (and assuming no other convertible bonds or warrants had been exercised), FCO would hold a total 5.27% of voting rights in the then issued share capital
14. Contact name: Martin T. Towey, Fir Tree Inc.
15. Contact telephone number: 212-599-0090
Note: Annex should only be submitted to the FSA not the issuer
Annex: Notification of major interests in sharesxxii
 
A: Identity of the persons or legal entity subject to the notification obligation
Full name

(including legal form of legal entities)

  Fir Tree Inc.
Contact address

(registered office for legal entities)

505 Fifth Avenue, 23rd Floor

New York, NY 10017

Phone number & email Martin T. Towey:

212-599-0090

 

mtowey@firtree.com

Other useful information

(at least legal representative for legal persons)

See below
   
B: Identity of the notifier, if applicable
Full name Caroline-Lucy Moran, Solicitor
Contact address Akin Gump LLP

10 Bishops Square

LONDON E1 6EG

Phone number & email 02070129665

cmoran@akingump.com

Other useful information

(e.g. functional relationship with the person or legal entity subject to the notification obligation)

UK legal counsel
 
C: Additional information
 
For notes on how to complete form TR-1 please see the FSA website.

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