ARCH Arc Capital

TIDMARCH

RNS Number : 5382R

ARC Capital Holdings Limited

12 September 2014

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES 
----------------------------------------------- 
 
 
 1. Identity of the issuer       ARC Capital Holdings 
  or the underlying issuer        Ltd. 
  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)           Overseas Asset Management 
  subject to the notification         (Cayman) Ltd 
  obligation: 
---------------------------------  --------------------------- 
 4. Full name of shareholder(s)      OAM Asian Recovery 
  (if different from 3.):             Fund 
---------------------------------  --------------------------- 
 5. Date of the transaction          7,937,064 on 11 September 
  and date on which the threshold     2014 
  is crossed or reached: 
---------------------------------  --------------------------- 
 6. Date on which issuer             11 September 2014 
  notified: 
---------------------------------  --------------------------- 
 7. Threshold(s) that is/are        above 13% 
  crossed or reached: 
---------------------------------  --------------------------- 
 
 
 8. Notified details: 
---------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares 
---------------------------------------------------------------------------------------------- 
 Class/type        Situation previous        Resulting situation after 
  of                to the triggering         the triggering transaction 
  shares            transaction 
 
  if possible 
  using 
  the ISIN 
  CODE 
----------------  ------------------------  -------------------------------------------------- 
                   Number       Number       Number    Number of             % of voting 
                    of           of           of        voting                rights 
                    Shares       Voting       shares    rights 
                                 Rights 
----------------  -----------  -----------  --------  --------------------  ------------------ 
                                             Direct    Direct   Indirect     Direct   Indirect 
----------------  -----------  -----------  --------  -------  -----------  -------  --------- 
 
 
   KYG0450H1002    23,275,974   23,275,974                      31,213,038            13.7% 
                  -----------  -----------  --------  -------  -----------  -------  --------- 
 
 
 
 B: Qualifying Financial Instruments 
-------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
-------------------------------------------------------------------------- 
 Type of financial   Expiration   Exercise/     Number of      % of voting 
  instrument          date         Conversion    voting         rights 
                                   Period        rights that 
                                                 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       Exercise   Expiration   Exercise/     Number of     % of voting 
  financial     price      date         Conversion    voting        rights 
  instrument                            period        rights 
                                                      instrument 
                                                      refers 
                                                      to 
------------  ---------  -----------  ------------  ------------  ---------------- 
                                                                   Nominal   Delta 
------------  ---------  -----------  ------------  ------------  --------  ------ 
 
 
 
 Total (A+B+C) 
----------------------------------------------- 
 Number of voting rights   Percentage of voting 
                            rights 
------------------------  --------------------- 
 31,213,038                 13.7% 
------------------------  --------------------- 
 
 
 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

END

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