Holding(s) in Company (5576F)

TIDMSED

RNS Number : 5576F

Saltus European Debt Strategies Ltd

18 June 2012

SALTUS EUROPEAN DEBT STRATEGIES LIMITED (The "Company") (Registered in Guernsey - Number 46912)

Registered Office: 2(ND) FLOOR, REGENCY COURT, GLATEGNY ESPLANADE, ST PETER PORT, GUERNSEY GY1 3NQ

TELEPHONE: [phone] FACSIMILE: [phone] E-MAIL: [e-mail]

 
 For immediate Release   18 June 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: 
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  2. Reason for the notification (please tick the appropriate 
   box or boxes) 
 ----------------------------------------------------------------------------------------------------------------  ---------- 
  An acquisition or disposal of voting rights                                                                           X 
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  An acquisition or disposal of qualifying financial instruments 
   which may result in the acquisition of shares already 
   issued to which voting rights are attached 
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  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                                                Paradigm Capital Value Fund 
   the notification obligation: 
 ---------------------------------------------------------------------------------  ----------------------------------------- 
  4. Full name of shareholder(s) (if different 
   from 3.): 
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  5. Date of the transaction and date                                                June 15(th) 2012 
   on which the threshold is crossed or 
   reached: 
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  6. Date on which issuer notified: 
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  7. Threshold(s) that is/are crossed 
   or reached:                                                                        5% 
 ---------------------------------------------------------------------------------  ----------------------------------------- 
  8. Notified details: 
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 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        1,789,472       1,789,472     2,099,472       2,099,472                      5.86% 
------------------  --------------  --------------  ----------  ------------------  -------------  -------  ----------------- 
 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      Exercise       Expiration        Exercise/                 Number of             % of voting rights 
  financial     price          date              Conversion                voting rights 
  instrument                                     Period                    instrument 
                                                                           refers to 
 -----------  -------------  ----------------  ------------------------  --------------------  ------------------------------ 
                                                                                                 Nominal          Delta 
 -----------  -------------  ----------------  ------------------------  --------------------  -----------  ----------------- 
 
  Total (A+B+C) 
 ---------------------------------------------------------------------------------------------------------------------------- 
  Number of voting rights                                                 % of voting rights 
 ----------------------------------------------------------------------  ---------------------------------------------------- 
   2,099,472                                                              5.86% 
 ----------------------------------------------------------------------  ---------------------------------------------------- 
  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:                                                                                                Ryan Kraft 
 -------------------------------------------------  ------------------------------------------------------------------------- 
  15. Contact telephone number:                                                                              [phone] 
 -------------------------------------------------  ------------------------------------------------------------------------- 
 
 

Enquiries: Company Secretary Butterfield Fulcrum Group (Guernsey) Limited 2(nd) Floor Regency Court Glategny Esplanade St Peter Port Guernsey GY1 3NQ Tel: [phone] Fax: [phone]

This information is provided by RNS

The company news service from the London Stock Exchange

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