Holding(s) in Company

RNS Number : 3156Q

Dolphin Capital Investors Limited

16 June 2015

 

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
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				YES
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		11 JUNE 2015
6. Date on which issuer notified:		15 JUNE 2015
7. Threshold(s) that is/are crossed or reached: vi, vii		FROM ABOVE 5% TO BELOW 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

VGG2803G1 028

38,425,000

38,425,000

38,425,000

38,425,000

4.24%

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 22.03.16

2,790,441 (approx)

Nominal

Delta

0.30%

Total (A+B+C)

Number of voting rights

Percentage of voting rights

41,215,441

4.55%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
FIR TREE, INC., investment manager of:- Fund Fir Tree REF Ill Master Fund, LLC Fir Tree Value Master Fund, L.P. Fir Tree Capital Opportunity Master Fund, L.P. ("FCO")		No. of voting rights attached to shares 440,000 37,985,000 No. of voting rights through convertible bonds 2,790,441		% of voting rights 0.04% 4.19% 0.30%
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: ·    904,626,856 total shares in issue. ·    FCO holds convertible bonds convertible to approx. 2,790,441 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), the funds described at box 9 above  would hold a combined total 4.55% of voting rights in the then issued share capital The figures set out herein have been truncated to two decimal places
14. Contact name:	Martin T. Towey, Fir Tree Inc.
15. Contact telephone number:	[phone]

 

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