JZ CAPITAL PARTNERS LIMITED
(Registration No. 48761)
Registered Office:
2ND FLOOR, REGENCY COURT, GLATEGNY ESPLANADE, ST. PETER PORT,
GUERNSEY, GY1 3NQ
___________________________
TELEPHONE: + 44 1481 720321
FACSIMILE: + 44 1481 716117
E-MAIL: JZCP@bfmgl.gg
TR-1 |
NOTIFICATION OF MAJOR INTERESTS IN SHARES |
For immediate release |
25 June 2009 |
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: |
JZ CAPITAL PARTNERS LIMITED |
2 Reason for the notification (please tick the appropriate box or boxes): |
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An acquisition or disposal of voting rights |
YES |
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An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached |
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An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments |
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An event changing the breakdown of voting rights |
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Other (please specify): |
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3. Full name of person(s) subject to the notification obligation: |
FAIRHOLME FUNDS, INC |
4. Full name of shareholder(s) (if different from 3.): |
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5. Date of the transaction and date on which the threshold is crossed or reached: |
19 JUNE 2009 |
6. Date on which issuer notified: |
24 JUNE 2009 |
7. Threshold(s) that is/are crossed or reached: |
15% |
8. Notified details: |
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A: Voting rights attached to shares |
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Class/type of
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Situation previous |
Resulting situation after the triggering transaction |
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Number |
Number |
Number |
Number of voting |
% of voting rights |
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Direct |
Direct |
Indirect |
Direct |
Indirect |
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Ordinary Voting Shares (ISIN:GG00B2RK0R31) Limited Voting Ordinary Shares |
865,185 0 |
865,185 0 |
1,283,102 9,689,560 |
1,283,102 9,689,560 |
0 0 |
1.97% 14.9% |
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B: Qualifying Financial Instruments |
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Resulting situation after the triggering transaction |
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Type of financial |
Expiration |
Exercise/ |
Number of voting |
% of voting |
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C: Financial Instruments with similar economic effect to Qualifying Financial Instruments |
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Resulting situation after the triggering transaction |
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Type of financial |
Exercise |
Expiration |
Exercise/ |
Number of voting |
% of voting rights |
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Nominal |
Delta |
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Total (A+B+C) |
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Number of voting rights |
Percentage of voting rights |
10,972,662 (Ordinary Voting and Limited Voting Ordinary Shares) |
16.87% (of the total Ordinary Voting and Limited Voting Ordinary Shares) |
9. Chain of controlled undertakings through which the voting rights and/or the |
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Proxy Voting: |
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10. Name of the proxy holder: |
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11. Number of voting rights proxy holder will cease to hold: |
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12. Date on which proxy holder will cease to hold voting rights: |
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13. Additional information: |
Fairholme Funds, inc. owns 2.99% of the voting rights of the Ordinary Voting Shares |
14. Contact name: |
Jason Marcus |
15. Contact telephone number: |
+13053583000 |