SOURCE: Xcite Energy Ltd

December 06, 2010 09:40 ET

Xcite Energy Limited ("Xcite Energy" or the "Company") TR-1: Notification of Major Interest in Shares

ABERDEENSHIRE, UNITED KINGDOM--(Marketwire - December 6, 2010) - Xcite Energy Limited (TSX-V: XEL) (LSE: XEL) (AIM: XEL)

For filings with the FSA include the annex
For filings with issuer exclude the annex

  1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:   XCITE ENERGY (CDI)
  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 financial instruments which may result in the acquisition of shares already issued to which voting rights are attached  
  An event changing the breakdown of voting rights  
  Other (please specify): ___________  
  3. Full name of person(s) subject to the notification obligation:   Ignis Investment Services Limited    
  4. Full name of shareholder(s) (if different from 3.):  
  5. Date of the transaction and date on which the threshold is crossed or reached if different:   02/12/2010
  6. Date on which issuer notified:   03/12/2010
  7. Threshold(s) that is/are crossed or reached:   4%
       
       
       
8.Notified details: Nominee holdings
A: Voting rights attached to shares
Class/type
of
shares if
possible
using
the ISIN
CODE
Situation previous
to the
triggering
transaction
Resulting situation after the triggering transaction
Number
of
Shares
Number
of
Voting
Rights
viii
Number of shares Number of
voting rights
% of
voting
rights
Direct Direct  Indirect Direct Indirect
B2942B1         6,010,494   3.79%
 
 
B: Financial Instruments
Resulting situation after the triggering transaction xii
Type of financial instrument Expiration
date
Exercise/ Conversion  Period/
Date
Number of voting
rights that may
be acquired if
the instrument
is exercised/ converted.
% of
voting
rights
         
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument Exercise
price
Expiration
Date
Exercise/ Conversion period Number of voting
rights instrument
refers to
% of voting
rights
          Nominal Delta
   
Total (A+B+C)
Number of voting rights Percentage of voting rights
6,010,494.00 3.92%
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:

Vidacos Nominees Ltd (6,010,494.00 3.79%)



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: Percentage calculation based on Issued Share Capital of 158,543,277 (based on FTS 03/12/10)
14. Contact name:       Jean Birrell
15. Contact telephone number:      0141 222 8226

Contact Information

  • Contact:
    Jean Birrell
    0141 222 8226