Holding(s) in Company

RNS Number : 5714Q

JZ Capital Partners Ltd

20 October 2011

 

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:  [e-mail]

20 October 2011

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

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):
An acquisition or disposal of voting rights		X
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:	Abrams Capital Management, L.P.
4. Full name of shareholder(s) (if different from 3.):	Abrams Capital Partners I, L.P. Abrams Capital Partners II, L.P. Great Hollow International, L.P. Whitecrest Partners, L.P.
5. Date of the transaction and date on which the threshold is crossed or reached:	17 October 2011
6. Date on which issuer notified:	18 October 2011
7. Threshold(s) that is/are crossed or reached:	From below 3% to above 5%

8. Notified details:
A: Voting rights attached to shares
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
			Direct	Direct	Indirect	Direct	Indirect
ISIN GG00B403HK58	1,061,406	1,061,406	2,022,637	2,022,637	N/A	5.57	N/A

B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument	Expiration date	Exercise/ Conversion Period	Number of voting rights that may be acquired if the instrument is exercised/ converted.	% of voting rights
N/A

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument	Exercise price	Expiration date	Exercise/ Conversion period	Number of voting rights instrument refers to	% of voting rights
N/A					Nominal	Delta

Total (A+B+C)
Number of voting rights	Percentage of voting rights
2,022,637	5.57%

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

Each of the below entities is a fund managed by Abrams Capital Management, L.P., a US investment manager. The shareholding of: Abrams Capital Partners I, L.P.    122,232 shares, 0.34% voting rights Abrams Capital Partners II, L.P.   1,505,499 shares,4.15% voting rights Great Hollow International, L.P.    199,102 shares, 0.55% voting rights Whitecrest Partners, L.P.              195,804 shares, 0.54% voting rights

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:
14. Contact name:	Kenneth Largess
15. Contact telephone number:	[phone]

 

END

 

 

HOLURUVRABARUAA