REG - Dolphin Capital Inv - Holding(s) in Company <Origin Href="QuoteRef">DOLC.L</Origin>

DCI AdvisorsAnnouncement

16/07/2015 11:12

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 sharesviii, 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:
+1 212-220-1645

This information is provided by RNS
The company news service from the London Stock Exchange
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