Holding(s) in Company

RNS Number : 3726X

Dolphin Capital Investors Limited

07 February 2013

 



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

 

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