Resaca Exploitation Inc Notice of Major Interest in Shares (6771H)

TIDMRSOX

RNS Number : 6771H

Resaca Exploitation Inc

13 July 2012

 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
 
 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 theacquisition 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 differentfrom 3.):(iv)                            Chase Nominees Limited 
                                                      CREST: BT01C Sub a/c No.2 
                                              ---------------------------------------- 
 5. Date of the transaction and date                  Trade date: 11 July 2012 
  on                                                Settlement date: 16 July 2012 
  which the threshold is crossed 
  or 
  reached:(v) 
                                              ---------------------------------------- 
 6. Date on which issuer notified:                          13 July 2012 
                                              ---------------------------------------- 
 7. Threshold(s) that is/are crossed 
  or 
  reached:(vi, vii)                                              8% 
                                              ---------------------------------------- 
 
 
 
 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(x) 
                 of              of                   of shares     rights 
                 Shares          Voting 
                                 Rights 
               --------------  -------------------  ------------  -----------------------------  ------------------------------ 
                                                     Direct        Direct(xi)     Indirect(xii)   Direct          Indirect 
                 ---  -------  ------  -----  ----  ------------  -------------  --------------  --------------  -------------- 
 Common Stock 
   USD 0.01       1,550,868         1,550,868         1,697,212     1,697,212                        8.750% 
               --------------  -------------------  ------------  -------------  --------------  --------------  -------------- 
 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(xiv)          rights that may                     rights 
                                                                         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(xix, 
 financial         price         date(xvii)     Conversion          rights instrument                   xx) 
 instrument                                     period(xviii)       refers to 
                 ------------  -------------  ------------------  ----------------------------------  ------------------------- 
                                                                                                       Nominal       Delta 
                 ------------  -------------  ------------------  ----------------------------------  ------------  ----------- 
 
 
 Total (A+B+C) 
 Number of voting rights                                         Percentage of voting rights 
                                                                --------------------------------------------------------------- 
                           1,697,212                                                         8.750% 
                                                                --------------------------------------------------------------- 
 
 
 
 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: 
                                                      ------------------------------ 
 
 
  13. Additional information: 
 14. Contact name:                         Phoenix Administration Services Limited 
                                            Corporate Secretary 
                                          ------------------------------------------ 
 15. Contact telephone number:             01245 398950 
                                          ------------------------------------------ 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

HOLRJMATMBIBBAT