TIDMACE
RNS Number : 2802U
Accident Exchange Group PLC
22 June 2009
?
+--------------------+-----------------+-----------------+-----------------+---------+
| |
+------------------------------------------------------------------------------------+
| TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi |
+------------------------------------------------------------------------------------+
| | |
+--------------------------------------------------------+---------------------------+
| 1. Identity of the issuer or the underlying issuer | ACCIDENT EXCHANGE GROUP |
| of existing shares to which voting rights are | PLC |
| attached: ii | (ISN:GB00B00LL325) |
+--------------------------------------------------------+---------------------------+
| 2 Reason for the notification (please tick the appropriate box or boxes): |
+------------------------------------------------------------------------------------+
| An acquisition or disposal of voting rights | |
+--------------------------------------------------------------------------+---------+
| 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 | X |
+--------------------------------------------------------------------------+---------+
| Other (please | | |
| specify): | | |
+--------------------+-----------------------------------------------------+---------+
| 3. Full name of person(s) subject to |CQS CONVERTIBLE AND QUANTITATIVE STRATEGIES |
| the | MASTER FUND LIMITED |
| notification obligation: iii | |
+--------------------------------------+---------------------------------------------+
| 4. Full name of shareholder(s) | AS ABOVE |
| (if different from 3.):iv | |
+--------------------------------------+---------------------------------------------+
| 5. Date of the transaction and date | 19 JUNE 2009 |
| on | |
| which the threshold is crossed or | |
| reached: v | |
+--------------------------------------+---------------------------------------------+
| 6. Date on which issuer notified: | 22 JUNE 2009 |
+--------------------------------------+---------------------------------------------+
| 7. Threshold(s) that is/are crossed | 5% |
| or | |
| reached: vi, vii | |
+--------------------+-----------------+-----------------+-----------------+---------+
+----------------+----------+--+--------+----------------+--+--+----------------+--+--------+--+--------------+----+----------------+--+--+--------+
| 8. Notified details: |
+--------------------------------------------------------------------------------------------------------------------------------------------------+
| A: Voting rights attached to shares viii, ix |
+--------------------------------------------------------------------------------------------------------------------------------------------------+
| Class/type of | Situation previous | Resulting situation after the triggering |
| shares | to the triggering | transaction |
| if possible | transaction | |
| using | | |
| the ISIN CODE | | |
+ +---------------------------------------------+-----------------------------------------------------------------------------------+
| | Number | Number | Number | Number | % of voting rights x |
| | of | of | of | of | |
| | Shares | Voting | shares | voting | |
| | | Rights | | rights | |
+ + + +-------------------+--------------------------+------------------------------------+
| | | | Direct | Direct xi | Indirect xii | Direct | Indirect |
+----------------+----------------------+----------------------+-------------------+-----------+--------------+------------------------+-----------+
| | | | | | | | |
+----------------+ + + + + + + +
| | | | | | | | |
+----------------+----------------------+----------------------+-------------------+-----------+--------------+------------------------+-----------+
| |
+--------------------------------------------------------------------------------------------------------------------------------------------------+
| B: Qualifying Financial Instruments |
+--------------------------------------------------------------------------------------------------------------------------------------------------+
| Resulting situation after the triggering transaction |
+--------------------------------------------------------------------------------------------------------------------------------------------------+
| Type of financial | Expiration | Exercise/ | Number of voting | % of voting |
| instrument | date xiii | Conversion | rights that may | rights |
| | | Period xiv | be | |
| | | | acquired if the | |
| | | | instrument is | |
| | | | exercised/ | |
| | | | converted. | |
+------------------------------+-------------------------+----------------------------------+---------------------------------------+--------------+
| | | | | |
+------------------------------+-------------------------+----------------------------------+---------------------------------------+--------------+
| |
+--------------------------------------------------------------------------------------------------------------------------------------------------+
| C: Financial Instruments with similar economic effect to Qualifying Financial |
| Instruments xv, xvi |
+--------------------------------------------------------------------------------------------------------------------------------------------------+
| Resulting situation after the triggering transaction |
+--------------------------------------------------------------------------------------------------------------------------------------------------+
| Type of financial | Exercise | Expiration | Exercise/ | Number of voting | % of voting |
| instrument | price | date xvii | Conversion | rights instrument | rights xix, xx |
| | | | period xviii | refers to | |
| | | | | | |
+---------------------------+-----------+-------------------+----------------------+-------------------------------+-------------------------------+
| CONVERTIBLE BOND | | 08/01/2013 | 08/01/2013 | 3,444,920 | Nominal | Delta |
| (XS0334968343) | | | | | | |
+ + + + + +----------------------+--------+
| | | | | | | 4.84% |
+---------------------------+-----------+-------------------+----------------------+-------------------------------+----------------------+--------+
| |
+--------------------------------------------------------------------------------------------------------------------------------------------------+
| Total (A+B+C) |
+--------------------------------------------------------------------------------------------------------------------------------------------------+
| Number of voting rights | Percentage of voting rights |
+-------------------------------------------------------------------------------+------------------------------------------------------------------+
| 3,444,920 | 4.84% |
| | |
+----------------+----------+--+--------+----------------+--+--+----------------+--+--------+--+--------------+----+----------------+--+--+--------+
+--------------------------------------------+---+---------------------------------+
| 9. Chain of controlled undertakings through which the voting rights and/or the |
| financial instruments are effectively held, if applicable: xxi |
+----------------------------------------------------------------------------------+
| N/A |
+----------------------------------------------------------------------------------+
| |
+----------------------------------------------------------------------------------+
| Proxy Voting: |
+----------------------------------------------------------------------------------+
| 10. Name of the proxy holder: | N/A |
+------------------------------------------------+---------------------------------+
| 11. Number of voting rights proxy holder will | N/A |
| cease | |
| to hold: | |
+------------------------------------------------+---------------------------------+
| 12. Date on which proxy holder will cease to | N/A |
| hold | |
| voting rights: | |
+------------------------------------------------+---------------------------------+
| |
+----------------------------------------------------------------------------------+
| 13. Additional information: | Compliance Officer, CQS (UK) LLP |
+--------------------------------------------+-------------------------------------+
| 14. Contact name: | Kathryn Louise Haswell |
+--------------------------------------------+-------------------------------------+
| 15. Contact telephone number: | 0207 201 6900 |
+--------------------------------------------+---+---------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
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