Saltus European Debt Strategies Ltd Holding(s) in Company (2286H)

TIDMSED

RNS Number : 2286H

Saltus European Debt Strategies Ltd

09 July 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) 
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  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 
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  An event changing the breakdown of voting rights 
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  Other (please specify): 
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  3. Full name of person(s) subject to                                            Funds under the discretionary 
   the notification obligation:                                                    management of Laxey Partners 
                                                                                   Ltd 
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  4. Full name of shareholder(s) (if different                                         Credit Suisse Client Nominees 
   from 3.):                                                                                       UK Ltd 
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  5. Date of the transaction and date                                             July 5(th) 2012 
   on which the threshold is crossed or 
   reached: 
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  6. Date on which issuer notified:                                               July 9(th) 2012 
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  7. Threshold(s) that is/are crossed                                             Under 3% 
   or reached: 
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  8. Notified details:                                                                   5.87% on June 12(th) 2012 
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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        rights 
                                        Rights         shares 
 ------------  -----  --------------  --------------  -------  -------------------------------  -------------------------- 
                                                       Direct   Direct            Indirect       Direct   Indirect 
 ------------  -----      ---  -----  ----  ---  ---  -------  ----------------  -------------  -------  ----------------- 
    GG00B1WTM617         2,102,234       2,102,234      Nil           Nil                          0% 
--------------------  --------------  --------------  -------  ----------------  -------------  -------  ----------------- 
 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) 
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  Number of voting rights                                               % of voting rights 
 --------------------------------------------------------------------  --------------------------------------------------- 
  Nil shares                                                            0% 
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  9. Chain of controlled undertakings through which the voting rights 
   and/or the financial instruments are effectively held, if applicable 
   : 
 ------------------------------------------------------------------------------------------------------------------------- 
 
  Proxy Voting: 
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  10. Name of the proxy holder: 
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  11. Number of voting rights proxy holder 
   will cease to hold: 
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  12. Date on which proxy holder will cease 
   to hold voting rights: 
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  13. Additional information: 
 ---------------------------------------------------  -------------------------------------------------------------------- 
  14. Contact name:                                    Laxey Partners Ltd 
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  15. Contact telephone number:                        [phone] 
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