Holding(s) in Company

RNS Number : 7464H

Dolphin Capital Investors Limited

16 July 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

Dolphin Capital Investors Ltd.

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 number of shares outstanding	X

3. Full name of person(s) subject to the notification obligation: iii	Peter M. Collery
4. Full name of shareholder(s)  (if different from 3.):iv	Citigroup Global Prime Brokerage, Inc. Morgan Stanley Smith Barney LLC
5. Date of the transaction and date on which the threshold is crossed or reached: v	July 5, 2012
6. Date on which issuer notified:	July 13, 2012
7. Threshold(s) that is/are crossed or reached: vi, vii	4 %

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
Common Stock (VGG2803G1028)	18, 749, 800	18, 749, 800		0	0	18, 749, 800	0	4.28 %

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
					Nominal	Delta

Total (A+B+C)
Number of voting rights	Percentage of voting rights
18, 749, 800	4.28%

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

Citigroup holds the following shares as nominee for SC Fundamental Value Fund, L.P. (7,630,280), SC Fundamental Value BVI, Ltd. (7,319,520), and SC Fund Management LLC Employee Savings and Profit Sharing Plan (1,800,000). Morgan Stanley Smith Barney holds the following shares as nominee for Claire Collery (690,000), Edward Collery (620,000), and Elizabeth Collery (69,000). Mr. Collery is President of the General Partner of the SC Fundamental Value Fund, L.P., Director of SC Fundamental Value BVI, Ltd., Trustee of the SC Fund Management LLC Employee Savings and Profit Sharing Plan, and controls the accounts of his three adult children, Claire, Edward and Elizabeth.

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:	On July 5, the company announced a reduction in the number of its outstanding shares. Such lower amount increased the percentage ownership herein without any action on Mr.Collery's part.
14. Contact name:	Neil H.Koffler
15. Contact telephone number:	212-813-3411

 

END

 

 

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