SRM Global reports 8.38% stake in Cheniere Energy

By Jennifer Chiou

New York, Oct. 10 - Cheniere Energy, Inc. investors led by SRM Global Master Fund LP reported ownership of an 8.38% stake in the company, according to a schedule 13D/A filed with the Securities and Exchange Commission.

SRM said that it beneficially owns 4,246,605 shares, representing an aggregate purchase price of $138.87 million.

According to previous filings with the SEC, the investor held 5,246,605 shares, which represented 10.3% of the issuer's outstanding shares, on Sept. 21. The same number of shares represented 9.5% of the outstanding shares on Nov. 7, 2006, and again the same shares made up 11.09% as of July 31, 2007. Further, on April 30, 2007, according to Cheniere Energy's 10-Q for the quarter ended March 31, 2007, the fund's 5,246,605 shares represented 11.0% of its outstanding stock.

The issuer said that the changes in the fund's percentage ownership were due entirely to Cheniere Energy changing the number of its outstanding shares.

Based in Houston, Cheniere Energy is a developer, constructer, owner and operator of onshore liquefied natural gas receiving terminals and related natural gas pipelines.

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