TIDMIHC
RNS Number : 5063T
India Hospitality Corp.
08 June 2009
?
NOTIFICATION OF INTEREST IN TOTAL VOTING RIGHTS
A form TR-1 containing the following information has been received by the
Company.
TR-1 notification of major interests in shares
1. Identity of the issuer or the underlying issuer of existing shares to which
voting rights are attached:
India Hospitality Corp
2. Reason for the notification
Change in FSA's DTR rules
3. Full name of person(s) subject to the notification obligation:
Drawbridge Special Opportunities Advisors LLC
4. Full name of shareholder(s) (if different from 3):
N/A
5.Date of the transaction (and date on which the threshold
is crossed or reached if different):
1 June 2009
6. Date on which issuer notified:
5 June 2009
7. Threshold(s) that is/are crossed or reached:
5%
8. Notified details:
A: Voting rights attached to shares
+---------------+------------+------------+------------+-----------+-----------+----------+-----------+
| Class/type | Situation previous | Resulting situation after the triggering transaction |
| of shares | to the Triggering | |
| if | transaction | |
| possible | | |
| using the | | |
| ISIN CODE | | |
+ +-------------------------+-----------------------------------------------------------+
| | Number of | Number | Number | Number of voting | % of voting rights |
| | Shares | of | of | rights | |
| | | Voting | shares | | |
| | | Rights | | | |
+ + + +------------+-----------------------+----------------------+
| | | | Direct | Direct | Indirect | Direct | Indirect |
+---------------+------------+------------+------------+-----------+-----------+----------+-----------+
| Ordinary | 1,043,333 | 1,043,333 | 1,043,333 | | 1,043,333 | | 3.71% |
| Shares | | | | | | | |
| KYG476011021 | | | | | | | |
| | | | | | | | |
+---------------+------------+------------+------------+-----------+-----------+----------+-----------+
B: Financial Instruments
+----------------+------------+-------------------+--------------------+------------+
| Resulting situation after the triggering transaction |
+-----------------------------------------------------------------------------------+
| Type of | Expiration | Exercise/ | Number of voting | % of |
| financial | date | Conversion | rights that may be | voting |
| instrument | | Period/ Date | acquired if the | rights |
| | | | instrument is | |
| | | | exercised/ | |
| | | | converted. | |
+----------------+------------+-------------------+--------------------+------------+
| N/A | N/A | N/A | N/A | N/A |
+----------------+------------+-------------------+--------------------+------------+
C: Financial Instruments with similar economic effect to Qualifying Financial
Instruments
+--------------+----------+------------+------------+----------------------+-----------+----------+
| Resulting situation after the triggering transaction |
+-------------------------------------------------------------------------------------------------+
| Type of | Exercise | Expiration | Exercise/ | Number of voting | % of voting |
| financial | price | date | Conversion | rights instrument | rights |
| instrument | | | period | refers to | |
| | | | | | |
+--------------+----------+------------+------------+----------------------+----------------------+
| Warrant | $5.00 | 1 August | Any time | 399,666 | Nominal | Delta |
| ISIN | | 2010 | after 1 | | | |
| KYG476011104 | | | August | | | |
| | | | 2007 | | | |
+ + + + + +-----------+----------+
| | | | | | 1.42% | |
+--------------+----------+------------+------------+----------------------+-----------+----------+
| |
+--------------+----------+------------+------------+----------------------+-----------+----------+
Total (A+B)
+--------------------------------------+----------------------------------------+
| Number of voting rights | % of voting rights |
+--------------------------------------+----------------------------------------+
| 1,442,999 | 5.13% |
+--------------------------------------+----------------------------------------+
9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:
N/A
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 cease to hold voting rights:
N/A
13. Additional Information
The voting rights are held by Drawbridge Special Opportunities Advisors LLC as
investment manager for its clients.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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