RNS Number : 9706X
Cairn Energy PLC
03 September 2015
 



 

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi



1. Identity of the issuer or the underlying issuer
of existing shares to which voting rights are
attached: ii

Cairn Energy PLC

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

X

An event changing the breakdown of voting rights


Other (please specify):



3. Full name of person(s) subject to the
notification obligation: iii

Greenlight Capital, Inc. and each of its affiliates listed below:

 

DME Advisors, LP

DME Capital Management, LP

Greenlight Masters, LLC

Mr. David Einhorn

 

4. Full name of shareholder(s)
 (if different from 3.):iv

 

Greenlight Capital, Inc.

DME Advisors, LP

DME Capital Management, LP

Greenlight Masters, LLC

 

5. Date of the transaction and date on
which the threshold is crossed or
reached: v

August 28, 2015

6. Date on which issuer notified:

September 2, 2015

7. Threshold(s) that is/are crossed or
reached: vi, vii

Crossed reportable threshold of 6%.


 

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type of
shares


if possible using
the ISIN CODE

Situation previous
to the triggering
transaction

Resulting situation after the triggering transaction

Number
of
Shares

Number
of
Voting
Rights

Number
of shares

Number of voting
rights

% of  voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

Ordinary shares

32,184,130

32,184,130

31,648,164

31,648,164


5.49%


GB00B74CDH82


B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial
instrument

Expiration
date xiii

Exercise/
Conversion Period xiv

Number of voting
rights that may be
acquired if the
instrument is
exercised/ converted.

% of voting
rights







C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financial
instrument

Exercise price

Expiration date xvii

Exercise/
Conversion period xviii

Number of voting rights instrument refers to

 

% of voting rights xix, xx

 






Nominal

Delta




Total (A+B+C)

Number of voting rights

Percentage of voting rights

31,648,164

5.49%


 

9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable: xxi

 

Shares and financial instruments are held by Greenlight Capital, L.P., Greenlight Capital Qualified, L.P., Greenlight Capital Offshore Partners, Greenlight Reinsurance, Ltd., Greenlight Capital (Gold), LP, Greenlight Capital Offshore Master (Gold), Ltd., and Greenlight Masters Partners.

 

The investment manager for Greenlight Capital, LP and Greenlight Capital Qualified, LP is Greenlight Capital, Inc., a Delaware corporation ("GCI").  The investment advisor for Greenlight Capital Offshore Partners is GCI.  The investment advisor for Greenlight Reinsurance, Ltd. is DME Advisors, LP, a Delaware limited partnership.  The investment manager for Greenlight Capital (Gold), LP is DME Capital Management, LP, a Delaware limited partnership ("DMECM").  The investment advisor for Greenlight Capital Offshore Master (Gold), Ltd. is DMECM.  The investment manager for Greenlight Masters Partners is Greenlight Masters, LLC, a Delaware limited liability company.

 

Each of GCI, DME Advisors, LP, DMECM, and Greenlight Masters, LLC is controlled by David Einhorn.

 


Proxy Voting:

10. Name of the proxy holder:

N/A

11. Number of voting rights proxy holder will cease
to hold:

N/A

12. Date on which proxy holder will cease to hold
voting rights:

N/A



13. Additional information:


None

14. Contact name:

Harry Brandler, Chief Financial Officer

15. Contact telephone number:

1-212-973-1900

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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