Ingalls & Snyder, LLC Holding(s) in Company

 
TIDMCEN 
 
 
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi 
1. Identity of the issuer or the underlying issuer                       Coastal Energy Company Inc. 
of  existing shares to which voting rights are 
attached:ii 
2 Reason for the notification(please tick the appropriate  box or boxes): 
An acquisition or disposal of voting rights                                                                                                                                               YES 
An acquisition or disposal of qualifying financial instruments which  may result in the acquisition of shares already issued to which  voting rights are attached                         NO 
An acquisition or disposal of instruments with similar economic  effect to qualifying financial instruments                                                                               NO 
An event changing the breakdown of voting rights                                                                                                                                          NO 
Other (please specify):                                                                                                                                                                   NO 
3. Full name of person(s) subject to the                                Ingalls & Snyder LLC ("I&S") 
notification  obligation:iii 
4. Full name of shareholder(s)                                          I&S, on behalf of its clients, has dispositive authority over (i.e.  the power and authorisation to sell at I&S's discretion) 12,542,318 
(if different from 3.):iv 
5. Date of the transaction and date on                                  July 24, 2013 
which the  threshold is crossed or 
reached:v 
6. Date on which issuer notified:                                       July 25, 2013 
7. Threshold(s) that is/are crossed or                                  Interest in excess of 11% of issued share capital. 
reached:vi,  vii 
 
 
8. Notified details: 
A: Voting rights attached to sharesviii, ix 
Class/type of                       Situation previous                                             Resulting situation after the triggering transaction 
shares                              to the triggering 
if possible usingthe ISIN CODE      transaction 
                                    Number              Number                                     Number     Number of voting                                  % of voting rightsx 
                                    of                  of                                         of shares  rights 
                                    Shares              Voting 
                                                        Rights 
                                                                                                   Direct     Directxi                        Indirectxii       Direct                             Indirect 
Ordinary Shares ISIN KYG224041189   11,658,621          11,658,621                                                                            12,542,318          0                                0 
B: Qualifying Financial Instruments 
Resulting situation after the triggering transaction 
Type of financial                       Expiration        Exercise/                                                                 Number of voting                                       % of voting 
instrument                              datexiii          Conversion Periodxiv                                                      rights that may be                                     rights 
                                                                                                                                    acquired  if the 
                                                                                                                                    instrument is 
                                                                                                                                    exercised/ converted. 
n/a 
C: Financial Instruments with similar economic effect to  Qualifying Financial Instrumentsxv, xvi 
Resulting situation after the triggering transaction 
Type of financial                     Exercise price    Expiration datexvii    Exercise/                      Number of voting rights instrument refers to                               % of voting rightsxix, xx 
instrument                                                                     Conversion periodxviii 
                                                                                                                                                                                         Nominal      Delta 
n/a 
Total (A+B+C) 
Number of voting rights                                                                                                                      Percentage of voting rights 
12,542,318 (Note: For these purposes we have assumed that  dispositive authority is equivalent to voting rights.)                            11.04% (Note: For these purposes we have assumed that dispositive  authority is equivalent to voting rights). 
 
 
9. Chain of controlled undertakings through which the voting  rights and/or the 
financial instruments are effectively  held, if applicable:xxi 
Proxy Voting: 
10. Name of the proxy holder:                           N/A 
11. Number of voting rights proxy holder will cease     N/A 
to  hold: 
12. Date on which proxy holder will cease to hold       N/A 
voting  rights: 
13. Additional information: 
14. Contact name:               Frank Stolba 
15. Contact telephone number:   (001) [phone] 
 
 
 
 
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