|
TIDMCNE
RNS Number : 4767D
Cairn Energy PLC
16 May 2012
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
--------------------------------------------------
----------------------------------------------------------------------------------------
1. Identity of the issuer or the underlying Cairn Energy PLC
issuer
of existing shares to which voting rights
are
attached: (ii)
--------------------------------------------------- -----------------------------------
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
------------------------------------------------------------------------------- -------
Other (please Increase in total issued share capital by Cairn X
specify): Energy PLC on 9 May 2012 resulted in a reduction
of the percentage of the company's total issued
share capital that the entities in boxes 3 and
4 below control or have economic exposure to.
------------------ ----------------------------------------------------------- -------
3. Full name of person(s) subject Greenlight Capital, Inc. and each of
to the its affiliates listed below:
notification obligation: (iii)
Greenlight Capital, LLC
DME Advisors, LP
DME Management GP, LLC
DME Capital Management, LP
Mr. David Einhorn
------------------------------------------ --------------------------------------------
4. Full name of shareholder(s)
(if different from 3.):(iv) Greenlight Capital, L.P.
Greenlight Capital Qualified, L.P.
Greenlight Capital Offshore Partners
Greenlight Reinsurance, Ltd.
Greenlight Capital (Gold), LP
Greenlight Capital Offshore Master
(Gold), Ltd
------------------------------------------ --------------------------------------------
5. Date of the transaction and date May 9, 2012
on
which the threshold is crossed
or
reached: (v)
------------------------------------------ --------------------------------------------
6. Date on which issuer notified: May 15, 2012
------------------------------------------ --------------------------------------------
7. Threshold(s) that is/are crossed Below reportable threshold of 3%.
or
reached: (vi, vii)
------------------------------------------ --------------------------------------------
8. Notified details:
---------------------------------------------------------------------------------------------------------------------------
A: Voting rights attached to shares (viii, ix)
---------------------------------------------------------------------------------------------------------------------------
Class/type Situation previous Resulting situation after the triggering
of to the triggering transaction
shares transaction
if possible
using
the ISIN
CODE
------------- ----------------------------------- -----------------------------------------------------------------------
Number Number Number Number of voting % of voting rights
of of of shares rights (x)
Shares Voting
Rights
------------- --------------- ------------------ ------------- ------------------------ ------------------------------
Direct Direct Indirect Direct Indirect
(xi) (xii)
------------- ---- ------- ------ ----- --- ------------- ------------- --------- ---------------- ------------
Ordinary
shares 14,560,000 14,560,000 14,560,000 14,560,000 2.42%
--------------- ------------------ ------------- ------------- --------- ---------------- ------------
GB00B74CDH82
------------- ---- ------- ------ ----- --- ----------- ---- ------- --------- ---- --- ----- ---------
B: Qualifying Financial Instruments
---------------------------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
---------------------------------------------------------------------------------------------------------------------------
Type of financial Expiration Exercise/ Number of voting % of voting
instrument date (xiii) Conversion Period rights that may rights
(xiv) be
acquired if the
instrument is
exercised/ converted.
--------------------- --------------- ------------------------------- ----------------------------- -------------------
C: Financial Instruments with similar economic effect to Qualifying
Financial Instruments (xv, xvi)
---------------------------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
---------------------------------------------------------------------------------------------------------------------------
Type of Exercise Expiration Exercise/ Number of voting % of voting rights
financial price date (xvii) Conversion rights instrument (xix, xx)
instrument period refers to
(xviii)
--------------- ------------- ------------- ------------------ ------------------------------ ------------------------
Total Return N/A 01 March N/A 2,166,666 Nominal Delta
Swap 2013
--------------- ------------- ------------- ------------------ ------------------------------ ------------- ---------
0.36%
------------- ---- ------- ------ ----- --- ----------- ---- ------- --------- ---- ------------- ---------
Total (A+B+C)
---------------------------------------------------------------------------------------------------------------------------
Number of voting rights Percentage of voting rights
--------------------------------------------------------------- ----------------------------------------------------------
16,726,666 2.78%
--------------------------------------------------------------- ----------------------------------------------------------
9. Chain of controlled undertakings through which the voting rights and/or
the
financial instruments are effectively held, if applicable: (xxi)
--------------------------------------------------------------------------------------
Shares and financial instruments are held by Greenlight Capital, L.P.,
Greenlight Capital Qualified, L.P., Greenlight Capital Offshore Partners,
Greenlight Reinsurance, Ltd., Greenlight Capital (Gold), LP, and Greenlight
Capital Offshore Master (Gold), Ltd.
The general partner of Greenlight Capital, LP and Greenlight Capital
Qualified, LP is Greenlight Capital, LLC, a Delaware limited liability
company. The investment advisor for Greenlight Capital, LP, Greenlight
Capital Qualified, LP, and Greenlight Capital Offshore Partners is Greenlight
Capital, Inc., a Delaware corporation. The investment advisor for Greenlight
Reinsurance, Ltd. is DME Advisors, LP, a Delaware limited partnership.
The general partner of Greenlight Capital (Gold), LP, is DME Management
GP, LLC, a Delaware limited liability company. The investment advisor
for Greenlight Capital (Gold), LP and Greenlight Capital Offshore Master
(Gold), Ltd. is DME Capital Management, LP, a Delaware limited partnership.
Each of Greenlight Capital, LLC, Greenlight Capital, Inc., DME Advisors,
LP, DME Management GP, LLC and DME Capital Management, LP is controlled
by David Einhorn.
Proxy Voting:
--------------------------------------------------------------------------------------
10. Name of the proxy holder: N/A
------------------------------------------------------- -----------------------------
11. Number of voting rights proxy holder will N/A
cease
to hold:
------------------------------------------------------- -----------------------------
12. Date on which proxy holder will cease to N/A
hold
voting rights:
------------------------------------------------------- -----------------------------
13. Additional information: None
------------------------------------------ ------------------------------------------
14. Contact name: Harry Brandler, Chief Financial Officer
------------------------------------------ ------------------------------------------
15. Contact telephone number: 1-212-973-1900
------------------------------------------ ------------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
HOLFMGMKMVVGZZM
|
