Holding(s) in Company (1090E)

TIDMSED

RNS Number : 1090E

Saltus European Debt Strategies Ltd

25 May 2012

   TR-1:               notification of major interests in shares 
 
 1. Identity of the issuer or the underlying      Saltus European Debt Strategies 
  issuer of existing shares to which voting                   Limited 
  rights are attached: 
----------------------------------------------  ---------------------------------- 
 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 to             Hatteras Master Fund, 
  the notification obligation:                     L.P. 
----------------------------------------------  ---------------------------------- 
 4. Full name of shareholder(s) (if different 
  from 3.): 
----------------------------------------------  ---------------------------------- 
 5. Date of the transaction and date             23 May 2012 
  on which the threshold is crossed or 
  reached: 
----------------------------------------------  ---------------------------------- 
 6. Date on which issuer notified:                23 May 2012 
----------------------------------------------  ---------------------------------- 
 7. Threshold(s) that is/are crossed 
  or reached:                                     5% 
----------------------------------------------  ---------------------------------- 
 8. Notified details: 
----------------------------------------------  ---------------------------------- 
 
 
 
 A: Voting rights attached to shares 
------------------------------------------------------------------------------------------------------ 
 Class/type      Situation previous          Resulting situation after the triggering 
  of shares       to the Triggering           transaction 
  if possible     transaction 
  using the 
  ISIN CODE 
--------------  --------------------------  ---------------------------------------------------------- 
                 Number        Number        Number       Number of voting        % of voting rights 
                  of Shares     of Voting     of shares    rights 
                                Rights 
--------------  ------------  ------------  -----------  ----------------------  --------------------- 
                                             Direct       Direct       Indirect   Direct     Indirect 
--------------  ------------  ------------  -----------  -----------  ---------  ---------  ---------- 
                                             3,500,000     3,500,000               9.77% 
  ----------------------------------------  -----------  -----------  ---------  ---------  ---------- 
 
 
 B: Qualifying Financial Instruments 
--------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
--------------------------------------------------------------------------------------- 
 Type of financial   Expiration   Exercise/ Conversion   Number of voting   % of voting 
  instrument          date         Period                 rights that may    rights 
                                                          be acquired if 
                                                          the instrument 
                                                          is exercised/ 
                                                          converted. 
------------------  -----------  ---------------------  -----------------  ------------ 
 
 
 
 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------- 
 Type of financial    Exercise price   Expiration date   Exercise/            Number of voting    % of voting rights 
 instrument                                              Conversion Period    rights instrument 
                                                                              refers to 
-------------------  ---------------  ----------------  -------------------  ------------------  --------------------- 
                                                                                                   Nominal      Delta 
-------------------  ---------------  ----------------  -------------------  ------------------  -----------  -------- 
 
 
 
 Total (A+B+C) 
--------------------------------------------- 
 Number of voting rights   % of voting rights 
------------------------  ------------------- 
  3,500,000                9.77% 
------------------------  ------------------- 
 
 
 9. Chain of controlled undertakings through which the voting 
  rights and/or the financial instruments are effectively held, 
  if applicable : 
--------------------------------------------------------------- 
 
 
 
 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:       Hatteras Master Fund, L.P. will at 
                                    all times waive certain voting rights 
                                    it may have with respect to its shares 
                                    in excess of 4.99% of the shares of 
                                    Saltus European Debt Strategies and 
                                    will provide the Chairman of Saltus 
                                    European Debt Strategies discretion 
                                    to vote any excess above 4.99% when 
                                    such voting rights are waived by Hatteras 
                                    Master Fund, L.P. 
-------------------------------  -------------------------------------------- 
 14. Contact name:                 J. Michael Fields 
-------------------------------  -------------------------------------------- 
 15. Contact telephone number:       001 919 846 2324 
-------------------------------  -------------------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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