4 Jan 2010 15:46
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES |
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: |
TRADING EMISSIONS 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 |
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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 the notification obligation: | Moore Europe Capital Management, LLP |
4. Full name of shareholder(s) (if different from 3.): | RH Moore, LP and Moore Macro Fund, LP |
5. Date of the transaction and date on which the threshold is crossed or reached: | 17 December 2009 |
6. Date on which issuer notified: | 21 December 2009 |
7. Threshold(s) that is/are crossed or reached: | 15% to 16% |
8. Notified details: | |||||||
A: Voting rights attached to shares | |||||||
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 | |||
Direct | Direct | Indirect | Direct | Indirect | |||
| 40,557,526 | 40,557,526 | 41,218,782 | 41,218,782 | N/A | 16.01% | N/A |
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B: Qualifying Financial Instruments | ||||
Resulting situation after the triggering transaction | ||||
Type of financial instrument | Expiration date | Exercise/ Conversion Period | Number of voting rights that may be acquired if the instrument is exercised/ converted. | % of voting rights |
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C: Financial Instruments with similar economic effect to Qualifying Financial Instruments | ||||||
Resulting situation after the triggering transaction | ||||||
Type of financial instrument | Exercise price | Expiration date | Exercise/ Conversion period | Number of voting rights instrument refers to | % of voting rights | |
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| Nominal | Delta |
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Total (A+B+C) | |
Number of voting rights | Percentage of voting rights |
41,218,782 | 16.01% |
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: |
* Please note: Due to a corporate restructuring, as of 1 September 2009, legal ownership of part of the position which was previously disclosed under Moore Macro Fund, LP has been transferred to its wholly-owned subsidiary, RH Moore, LP. Moore Macro Fund now has legal ownership of 20,000,000 shares (7.84%) and RH Moore, LP has legal ownership of 18,842,680 shares (7.39%). Discretion over the exercise of the voting rights in respect of that position remains with Moore Europe Capital Management, LLP, the investment manager for Moore Macro Fund, LP and RH Moore, LP. |
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: | Investment Manager - Moore Europe Capital Management, LLP |
14. Contact name: | Annabethe Bates - Moore Europe Capital Management, LLP |
15. Contact telephone number: | +44(0) 20 7470 7485 |