TR-1: notification of major interests in shares
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: |
Westmount Energy |
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2. Reason for the notification (please tick the appropriate box or boxes) |
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An acquisition or disposal of voting rights |
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An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached |
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An event changing the breakdown of voting rights |
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Other (please specify): Transfer in |
X |
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3. Full name of person(s) subject to the notification obligation: |
Hargreave Hale Limited |
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4. Full name of shareholder(s) (if different from 3.): |
Discretionary clients |
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5. Date of the transaction (and date on which the threshold is crossed or reached if different): |
25 November 2008 |
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6. Date on which issuer notified: |
26 November 2008 |
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7. Threshold(s) that is/are crossed or reached: |
19% |
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8. Notified details: |
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A: Voting rights attached to shares |
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Class/type of shares if possible using the ISIN CODE |
Situation previous to the Triggering transaction |
Resulting situation after the triggering transaction |
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Number of Shares |
Number of Voting Rights viii |
Number of shares |
Number of voting rights ix |
% of voting rights |
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Direct |
Indirect |
Direct x |
Indirect xi |
Direct |
Indirect |
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Ordinary / GB00B0S5KR31 |
1,267,000 |
1,267,000 |
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1,327,000 |
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1,327,000 |
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19.0106% |
B: Financial Instruments |
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Resulting situation after the triggering transaction xii |
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Type of financial instrument |
Expiration date xiii |
Exercise/ Conversion Period/ Date xiv |
Number of voting rights that may be acquired if the instrument is exercised/ converted. |
% of voting rights |
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Total (A+B) |
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Number of voting rights |
% of voting rights |
1,327,000 |
19.0106% |
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable xv: |
700,000 of these shares are for unit trusts operated by Marlborough Fund Managers Ltd, for which Hargreave Hale manages the investments on a discretionary basis. The remaining balance is held on behalf of other discretionary clients. |
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: |
The denominator used in calculating the percentage holding is 6,980,300 TVR, as reported by the company on 31 July 2008. |
14. Contact name: |
David Clueit |
15. Contact telephone number: |
01253 754739 |