ARC Capital Holdings Limited Holdings in Company (7791Q)

TIDMARCH

RNS Number : 7791Q

ARC Capital Holdings Limited

03 September 2014

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES 
----------------------------------------------- 
 
 
 1. Identity of the issuer or the         ARC Capital Holdings Ltd. 
  underlying issuer of existing shares 
  to which voting 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      Overseas Asset Management 
  to the notification obligation:        (Cayman) Ltd 
------------------------------------  ----------------------------- 
 4. Full name of shareholder(s) (if     OAM Asian Recovery Fund 
  different from 3.): 
------------------------------------  ----------------------------- 
 5. Date of the transaction and date    750,000 on 2 September 2014 
  on which the threshold is crossed 
  or reached: 
------------------------------------  ----------------------------- 
 6. Date on which issuer notified:      2 September 2014 
------------------------------------  ----------------------------- 
 7. Threshold(s) that is/are crossed   above 10% 
  or reached: 
------------------------------------  ----------------------------- 
 
 
 8. Notified details: 
------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares 
------------------------------------------------------------------------------------------------- 
 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 
                    of           of           of shares    rights                rights 
                    Shares       Voting 
                                 Rights 
----------------  -----------  -----------  -----------  --------------------  ------------------ 
                                             Direct       Direct   Indirect     Direct   Indirect 
----------------  -----------  -----------  -----------  -------  -----------  -------  --------- 
 
 
   KYG0450H1002    21,404,488   21,404,488                         23,275,974            10.2% 
                  -----------  -----------  -----------  -------  -----------  -------  --------- 
 
 
 
 B: Qualifying Financial Instruments 
------------------------------------------------------------------------------------ 
 Resulting situation after the triggering transaction 
------------------------------------------------------------------------------------ 
 Type of financial   Expiration   Exercise/     Number of voting         % of voting 
  instrument          date         Conversion    rights that              rights 
                                   Period        may 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   Expiration   Exercise/     Number of voting     % of voting 
  instrument          price      date         Conversion    rights instrument    rights 
                                              period        refers to 
------------------  ---------  -----------  ------------  -------------------  ---------------- 
                                                                                Nominal   Delta 
------------------  ---------  -----------  ------------  -------------------  --------  ------ 
 
 
 
 Total (A+B+C) 
------------------------------------------------------ 
 Number of voting rights   Percentage of voting rights 
------------------------  ---------------------------- 
  23,275,974                10.2% 
------------------------  ---------------------------- 
 
 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the 
  financial instruments are effectively held, if applicable: 
------------------------------------------------------------------------------- 
 Overseas Asset Management (Cayman) Ltd is the investment manager of OAM 
  Asian Recovery Fund which holds its shares through Deutsche Bank as custodian 
  and State Street Nominees Ltd as sub-custodian. Overseas Asset Management 
  (Cayman) Ltd has discretion to vote these shares pursuant to an investment 
  management agreement signed with the Fund. 
------------------------------------------------------------------------------- 
 
 
 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:       Overseas Asset Management 
                                    (Cayman) Ltd 
-------------------------------  --------------------------- 
 14. Contact name:                 Desmond Kinch 
-------------------------------  --------------------------- 
 15. Contact telephone number:     1 345 949 8787 
-------------------------------  --------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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