TR-1: Notification of major interest in shares

RNS Number : 8188S

Real Estate Credit Inv. PCC Ltd

05 December 2012

 



For filings with the FSA include the annex
For filings with issuer exclude the annex
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				European Residual Income Investment Cell.
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: iii		Ironsides Partners LLC
4. Full name of shareholder(s)  (if different from 3.):iv		Ironsides Partners Opportunity Master Fund L.P.
5. Date of the transaction and date on which the threshold is crossed or reached: v		30 November 2012 4 December 2012
6. Date on which issuer notified:		4 December 2012
7. Threshold(s) that is/are crossed or reached: vi, vii		25% of outstanding ordinary shares

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 (ISIN: GG00B6SKJ171)

0

1,936,267

0

0

10,436,267

0

26.11%

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

10,436,267

26.11%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
Ironsides Partners LLC is an indirect holder of the shares and is entitled to exercise the above voting rights because Ironsides Partners LLC is the discretionary investment manager of Ironsides Partners Opportunity Master Fund L.P.  Ironsides Partners Opportunity Master Fund L.P. is the direct holder of the above shares.
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:
14. Contact name:	Gustavo Resendiz
15. Contact telephone number:	[phone]

 

END

 

 

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