Bennelong Asset Management LLP
LSE : TTM

February 11, 2011 09:00 ET

Holding in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
                                                                                                                           
1. Identity of the issuer or the underlying issuer                  Skywest Airlines Limited
   of existing shares to which voting rights are
   attached: (ii)

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         X
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 the                    Bennelong Asset Management LLP
   notification obligation: (iii)

4. Full name of shareholder(s)                              Bennelong Asia Pacific Multi Strategy Equity Fund Limited
   (if different from 3.): (iv)

5. Date of the transaction and date on                      10th February 2011
   which the threshold is crossed or
   reached: (v)

6. Date on which issuer notified:                           11th February 2011

7. Threshold(s) that is/are crossed or                      From 18% to 14%
   reached: (vi)(vii)

8. Notified details:

A: Voting rights attached to shares (viii)(ix)

Class/type of          Situation previous            Resulting situation after the triggering transaction
shares                 to the triggering
                       transaction
if possible using
the ISIN CODE
                       Number         Number         Number         Number of voting            % of  voting rights (x)
                       of             of             of shares      rights
                       Shares         Voting
                                      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 Period (xiv)    rights that may be            rights
                                                                        acquired if the
                                                                        instrument is
                                                                        exercised/ converted.

Contract for Difference                                                 27,810,000                    14.18%

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 rights         % of voting rights
instrument              price         date (xvii)   Conversion      instrument refers to            (xix)(xx)
                                                    period (xviii)                                    
                                                                                                    Nominal       Delta
                                                                    
                                                                                                                  

Total (A+B+C)
Number of voting rights                                       Percentage of voting rights
27,810,000                                                    14.18%

9. Chain of controlled undertakings through which the voting rights and/or the
   financial instruments are effectively held, if applicable: (xxi)

                                                                                                                           

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:                                   Reduction from 18.77% to 14.18%
14. Contact name:                                             Mr. Peter McHale
15. Contact telephone number:                                 0207 190 3473


Contact Information

  • Bennelong Asset Management LLP