Replacement - Holding(s) in Company

RNS Number : 9771G

Fastjet PLC

11 August 2016

 

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii				Fastjet PLC
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 qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached					X
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 the notification obligation: iii		GAM International Management Limited
4. Full name of shareholder(s)  (if different from 3.):iv		State Street Nominees Limited
5. Date of the transaction and date on which the threshold is crossed or reached: v		09 August 2016
6. Date on which issuer notified:		11 August 2016
7. Threshold(s) that is/are crossed or reached: vi, vii		5%, 10%, 11%

8. Notified details:

A: Voting rights attached to shares viii, ix

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

Number of shares

Number of voting rights

% of  voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

GB00BWGCH354

2,914,200

2,914,200

7,514,200

7,514,200

7.767%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date xiii

Exercise/ Conversion Period xiv

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 xv, xvi

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date xvii

Exercise/ Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

Warrant

31.5p

21/07/2021

NA

4,600,000

Nominal

Delta

4.539%

NA

Total (A+B+C)

Number of voting rights

Percentage of voting rights

12,114,200

11.953%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
GAM International Management Ltd (GIML) is a discretionary investment manager acting in its capacity as investment adviser for GAM Global Diversified Investments and GAM UK Diversified Investments. The share position in Fastjet PLC has increased from 2,914,200 (4.387%) shares to 7,514,200 (7.767%). The breakdown across the funds is as follows: ·      GAM Global Diversified Investments (5,254,713 shares; 5.431%) ·      GAM UK Diversified Investments (2,259,487 shares; 2.335%) GIML has an additional exposure of 4,600,000 (4.539%) warrants which have an equivalent number of voting rights of 4,600,000 (4.539%) should they be exercised. In the event of exercising the warrants, the total number of voting rights will increase with the number of warrants exercised. The breakdown in warrants across the funds is therefore as follows: ·      GAM Global Diversified Investments (3,090,509 warrants; 3.049%) ·      GAM UK Diversified Investments (1,509,491 warrants; 1.489%) The total exposure in the event of exercising these warrants is therefore 12,114,200 voting rights (11.953%).
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:
14. Contact name:	Barbara Langford, Compliance Officer
15. Contact telephone number:	020 7917 2442

Note: Annex should only be submitted to the FCA not the issuer
Annex: Notification of major interests in share
A: Identity of the persons or legal entity subject to the notification obligation
Full name (including legal form of legal entities)	GAM International Management Limited
Contact address (registered office for legal entities)	20 King Street London SW1Y 6QY
Phone number & email	020 7493 9990
Other useful information (at least legal representative for legal persons)	FRN 122331
B: Identity of the notifier, if applicable
Full name	Barbara Langford, Compliance Officer
Contact address	20 King Street London SW1Y 6QY
Phone number & email	020 7917 2442 [e-mail]
Other useful information (e.g. functional relationship with the person or legal entity subject to the notification obligation)
C: Additional information
For notes on how to complete form TR-1 please see the FCA website.

 

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