Holding(s) in Company (2113E)

TIDMSED

RNS Number : 2113E

Saltus European Debt Strategies Ltd

28 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           Funds under the discretionary 
  the notification obligation:                   management of Laxey Partners 
                                                 Ltd 
---------------------------------------------  ---------------------------------- 
 4. Full name of shareholder(s) (if different   Credit Suisse Client Nominees 
  from 3.):                                      UK Ltd 
---------------------------------------------  ---------------------------------- 
 5. Date of the transaction and date            23 May 2012 
  on which the threshold is crossed or 
  reached: 
---------------------------------------------  ---------------------------------- 
 6. Date on which issuer notified:               25 May 2012 
---------------------------------------------  ---------------------------------- 
 7. Threshold(s) that is/are crossed             Under 7% 
  or reached: 
---------------------------------------------  ---------------------------------- 
 8. Notified details:                           16.03% on 12 October 2011 
---------------------------------------------  ---------------------------------- 
 
 
 
 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 
--------------  -----------  -----------  -----------  -----------  ---------  ---------  ---------- 
 GG00B1WTM617    5,902,234    5,902,234    2,402,234     2,402,234               6.71% 
--------------  -----------  -----------  -----------  -----------  ---------  ---------  ---------- 
 
 
 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. 
------------------  -----------  ---------------------  -----------------  ------------ 
 
 
 
 C: Financial Instruments with similar economic effect to Qualifying Financial Instruments 
---------------------------------------------------------------------------------------------------------------------- 
 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 
-------------------------  ------------------- 
  2,402,234 shares          6.71% 
-------------------------  ------------------- 
 
 
 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: 
-------------------------------  ----------------------- 
 14. Contact name:                 Laxey Partners Ltd 
-------------------------------  ----------------------- 
 15. Contact telephone number:      + 44 (0) 1624 690900 
-------------------------------  ----------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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