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Notice Of A Change In The Percentage Level Of A Substantial Shareholder's Interest

BackJun 05, 2009
Part I
1. Date of notice to issuer 05/06/2009
2. Name of Substantial Shareholder Nautical International Holdings Ltd
3. Notice Type Notice of a Change in the Percentage Level of a Substantial Shareholder's Interest or Cessation of Interest.
Part II - Not Required
Part III
1. Date of change of Shareholding 04/06/2009
2. The change in the percentage level From 74.74 % To 69.84 %
3. Circumstance(s) giving rise to the interest or change in interest # Others

Sale pursuant to a Placement Agreement dated 1 June 2009.
4. A statement of whether the change in the percentage level is the result of a transaction or a series of transactions: The change in the % is the result of a transaction.
Part IV
1. Holdings of Substantial Shareholder, including direct and deemed interest :
 
  Direct Deemed
No. of shares held before the change 213,557,374 0
As a percentage of issued share capital 74.74 % 0 %
No. of shares held after the change 199,557,374 0
As a percentage of issued share capital 69.84 % 0 %
Footnotes The percentage of issued share capital is calculated based on existing issued shares of 285,750,000 as at the date of this Notice.