TIDMSED

RNS Number : 2272F

Saltus European Debt Strategies Ltd

12 June 2012

SALTUS EUROPEAN DEBT STRATEGIES LIMITED (The "Company") (Registered in Guernsey - Number 46912)

Registered Office: 2(ND) FLOOR, REGENCY COURT, GLATEGNY ESPLANADE, ST PETER PORT, GUERNSEY GY1 3NQ

TELEPHONE: +44 1481 720321 FACSIMILE: +44 1481 716117

E-MAIL: Funds@bfgl.com

 
 For immediate Release   12 June 2012 
----------------------  -------------

TR1 Notification of major interests in shares

 
  1. Identity of the issuer or the underlying                                               Saltus European Debt Strategies 
   issuer of existing shares to which voting                                                             Limited 
   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 to                                                       Funds under the discretionary 
   the notification obligation:                                                               management of Laxey Partners 
                                                                                                           Ltd 
 ----------------------------------------------------------------------------------------  --------------------------------- 
  4. Full name of shareholder(s) (if different                                               Credit Suisse Client Nominees 
   from 3.):                                                                                             UK Ltd 
 ----------------------------------------------------------------------------------------  --------------------------------- 
  5. Date of the transaction and date                                                                 8 June 2012 
   on which the threshold is crossed or 
   reached: 
 ----------------------------------------------------------------------------------------  --------------------------------- 
  6. Date on which issuer notified:                                                                   12 June 2012 
 ----------------------------------------------------------------------------------------  --------------------------------- 
  7. Threshold(s) that is/are crossed                                                                   Under 6% 
   or reached: 
 ----------------------------------------------------------------------------------------  --------------------------------- 
  8. Notified details:                                                                            6.71% on 25 May 2012 
 ----------------------------------------------------------------------------------------  --------------------------------- 
 A: Voting rights attached to shares 
---------------------------------------------------------------------------------------------------------------------------- 
 Class/type           Situation previous            Resulting situation after the triggering 
  of shares            to the Triggering             transaction 
  if possible          transaction 
  using the 
  ISIN CODE 
-------------------  ----------------------------  ------------------------------------------------------------------------- 
                      Number           Number       Number       Number of voting                 % of voting rights 
                       of Shares        of Voting    of shares    rights 
                                        Rights 
 ------------  ----  ---------------  -----------  -----------  -------------------------------  --------------------------- 
                                                    Direct       Direct          Indirect         Direct   Indirect 
 ------------  ----  -----  ---  ---  -----------  -----------  --------------  ---------------  -------  ------------------ 
 
    GG00B1WTM617         2,402,234      2,402,234    2,102,234     2,102,234                       5.87% 
-------------------  ---------------  -----------  -----------  --------------  ---------------  -------  ------------------ 
 B: Qualifying Financial Instruments 
---------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------------- 
 Type of financial           Expiration             Exercise/ Conversion         Number of voting          % of voting 
  instrument                  date                   Period                       rights that may           rights 
                                                                                  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 rights 
   financial     price             date              Conversion          voting rights 
   instrument                                        Period              instrument 
                                                                         refers to 
 ------------  ----------------  ----------------  ------------------  ------------------  ------------------------- 
                                                                                              Nominal        Delta 
 ------------  ----------------  ----------------  ------------------  ------------------  -------------  ---------- 
 
  Total (A+B+C) 
 --------------------------------------------------------------------------------------------------------------------------- 
  Number of voting rights                                                        % of voting rights 
 -----------------------------------------------------------------------------  -------------------------------------------- 
      2,102,234 shares                                                           5.87% 
 -----------------------------------------------------------------------------  -------------------------------------------- 
  9. Chain of controlled undertakings through which the voting 
   rights and/or the financial instruments are effectively held, 
   if applicable : 
 --------------------------------------------------------------------------------------------------------------------------- 
 
  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: 
 -------------------------------------------------------------  ------------------------------------------------------------ 
  14. Contact name:                                                  Laxey Partners Ltd 
 -------------------------------------------------------------  ------------------------------------------------------------ 
  15. Contact telephone number:                                     + 44 (0) 1624 690900 
 -------------------------------------------------------------  ------------------------------------------------------------

Enquiries: Company Secretary Butterfield Fulcrum Group (Guernsey) Limited 2(nd) Floor Regency Court Glategny Esplanade St Peter Port Guernsey GY1 3NQ

Tel: 01481 720321 Fax: 01481 716117

This information is provided by RNS

The company news service from the London Stock Exchange

END

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