Holding(s) in Company

RNS Number : 4767D

Cairn Energy PLC

16 May 2012

 



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
An event changing the breakdown of voting rights
Other (please specify):	Increase in total issued share capital by Cairn Energy PLC on 9 May 2012 resulted in a reduction of the percentage of the company's total issued share capital that the entities in boxes 3 and 4 below control or have economic exposure to.				X
3. Full name of person(s) subject to the notification obligation: iii		Greenlight Capital, Inc. and each of its affiliates listed below: Greenlight Capital, LLC DME Advisors, LP DME Management GP, LLC DME Capital Management, LP Mr. David Einhorn
4. Full name of shareholder(s)  (if different from 3.):iv		Greenlight Capital, L.P. Greenlight Capital Qualified, L.P. Greenlight Capital Offshore Partners Greenlight Reinsurance, Ltd. Greenlight Capital (Gold), LP Greenlight Capital Offshore Master (Gold), Ltd
5. Date of the transaction and date on which the threshold is crossed or reached: v		May 9, 2012
6. Date on which issuer notified:		May 15, 2012
7. Threshold(s) that is/are crossed or reached: vi, vii		Below reportable threshold of 3%.

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

14,560,000

14,560,000

14,560,000

14,560,000

2.42%

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

01 March 2013

N/A

2,166,666

Nominal

Delta

0.36%

Total (A+B+C)

Number of voting rights

Percentage of voting rights

16,726,666

2.78%

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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