Changes in Holdings

RNS Number : 5234D

Fairpoint Group PLC

24 March 2011

 

TR-1:   NOTIFICATION OF MAJOR INTERESTS IN SHARES 

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:	Fairpoint Group Plc
2. Reason for the notification     (yes/no)
An acquisition or disposal of voting rights	Yes
An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached	No
An event changing the breakdown of voting rights	No
Other (please specify):___________________________________________	No
3. Full name of person(s) subject to the notification obligation:	Hanover I Master Fund where the shares are registered in the name of Vidacos Nominees Limited, Hanover Investment Management (Cayman) Limited and Dauphin Ventures Limited.
4. Full name of shareholder(s) (if different from 3.):	As above
5. Date of the transaction (and date on which the threshold is crossed or reached if different):	18 March 2011
6. Date on which issuer notified:	22 March 2011
7. Threshold(s) that is/are crossed or reached:	24%

8. Notified details:
A: Voting rights attached to shares
Class/type of shares  If possible use 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		Percentage of voting rights
				Direct	Indirect	Direct	Indirect
Ord 1p	10,364,542	10,364,542	9,864,542	9,864,542		23.016%

B: Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument	Expiration date	Exercise/ conversion period/ date	No. of voting rights that may be acquired (if the instrument is exercised / converted)	Percentage of voting rights

Total (A+B)
Number of voting rights	Percentage of voting rights
9,864,542	23.016%

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

Vidacos Nominees Limited controls the total voting rights; being the vehicle managed by the Prime Broker to Hanover I Master Fund LP

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:	Michael Smith
15. Contact telephone number:	0207 766 8400

 

END

 

 

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