Notification of Major Interest in Shares (1335Z)

TIDMRSOX TIDMBTEM

RNS Number : 1335Z

Resaca Exploitation Inc

12 March 2012

 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES 
-------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or the underlying          Resaca Exploitation Inc. 
  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                                      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                  British Empire Securities and 
  to the                                                  General Trust plc 
  notification obligation: (iii) 
--------------------------------------------  ---------------------------------------- 
 4. Full name of shareholder(s) 
  (if different from 3.):(iv)                           Chase Nominees Limited 
                                                      CREST: BT01C Sub a/c No.2 
--------------------------------------------  ---------------------------------------- 
 5. Date of the transaction and date                        8 March 2012 
  on 
  which the threshold is crossed 
  or 
  reached: (v) 
--------------------------------------------  ---------------------------------------- 
 6. Date on which issuer notified:                          9 March 2012 
--------------------------------------------  ---------------------------------------- 
 7. Threshold(s) that is/are crossed 
  or 
  reached: (vi, vii)                                             7% 
--------------------------------------------  ---------------------------------------- 
 
 
 
 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) 
-------------    -----  ------  ------  ------      ------------  --------------  ---------  -------------  -------------- 
 Common Stock 
   USD .001        985,175            985,175         1,550,868      1,550,868                   7.999% 
               ---------------  ------------------  ------------  --------------  ---------  -------------  -------------- 
 US76083G3020 
-------------    -----  ------  ------  ------      ----------    ------  ------  ---------      ---  ----     ----------- 
 
 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) 
---------------  -------------  --------------  ----------------  -----------------------------  ------------------------- 
                                                                                                  Nominal       Delta 
---------------  -------------  --------------  ----------------  -----------------------------  ------------  ----------- 
 
 
 Total (A+B+C) 
-------------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                         Percentage of voting rights 
--------------------------------------------------------------  ---------------------------------------------------------- 
                           1,550,868                                                      7.999% 
--------------------------------------------------------------  ---------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the 
  financial instruments are effectively held, if applicable: (xxi) 
--------------------------------------------------------------------------------------- 
 
  Chase Nominees Limited is custodian for British Empire Securities and 
  General Trust plc. 
 
 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: 
-----------------------------------------------------  -------------------------------- 
 
                                                Phoenix Administration Services Limited 
  13. Additional information:                 as Secretary to British Empire Securities 
                                                                  and General Trust plc 
----------------------------------------  --------------------------------------------- 
 14. Contact name:                                           T Smith 
----------------------------------------  --------------------------------------------- 
 15. Contact telephone number:                             01245 398950 
----------------------------------------  --------------------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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