Director/PDMR Shareholding
24 March 2011
FAIRPOINT GROUP PLC
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
This form is intended for use by an issuer to make a RIS notification required by DR 3.1.4R(1).
(1) An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24.
(2) An issuer making a notification in respect of a derivative relating to the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24.
(3) An issuer making a notification in respect of options granted to a director/ person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24.
(4) An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.
Please complete all relevant boxes in block capital letters.
1. Name of the issuer
FAIRPOINT GROUP PLC
2. State whether the notification relates to
(i) a transaction notified in accordance with DR 3.1.4R(1)(a); or
(ii) DR 3.1.4(R)(1)(b) a disclosure made in accordance with section 324 (as extended by section 328) of the Companies Act 1985; or
(iii) both (i) and (ii)
(i) A TRANSACTION NOTIFIED IN ACCORDANCE WITH DR3.1.4R(1)(a)
3. Name of person discharging managerial responsibilities/director
MATTHEW PEACOCK
4. State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person
Connected persons:
VIDACOS NOMINEES LIMITED, on behalf of HANOVER MASTER FUND LP
HANOVER INVESTORS MANAGEMENT (CAYMAN) LTD
DAUPHIN VENTURES LTD
5. Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest
THE NOTIFICATION RELATES TO THE PERSONS REFERRED TO IN 4 ABOVE
6. Description of shares (including class), debentures or derivatives or financial instruments relating to shares
1P ORDINARY SHARES
7. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them
VIDACOS NOMINEES LIMITED - 9,608,915
HANOVER INVESTORS MANAGEMENT (CAYMAN) LTD - 244,545 after current sale of 147,175
DAUPHIN VENTURES LTD - nil, after current sale of 352,825
8 State the nature of the transaction
SALE OF SHARES
9. Number of shares, debentures or financial instruments relating to shares sold
500,000 On 18 March 2011
10. Percentage of issued class (treasury shares of that class should not be taken into account when calculating percentage)
22.42% - HANOVER MASTER FUND LP
0.57% - HANOVER INVESTORS MANAGEMENT (CAYMAN) LTD
11. Number of shares, debentures or financial instruments relating to shares disposed
N/A
12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)
N/A
13. Price per share or value of transaction
500,000 SHARES SOLD AT 78.2645p
14. Date and place of transaction
18 March 2011, LONDON
15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)
VIDACOS NOMINEES LIMITED - 9,608,915 SHARES ON BEHALF OF HANOVER MASTER FUND LP - 22.42%
HANOVER INVESTORS MANAGEMENT (CAYMAN) LTD - 244,545 - 0.57%
DAUPHIN VENTURES LTD - nil
16. Date issuer informed of transaction
22 March 2011
If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes
17. Date of grant
N/A
18. Period during which or date on which it can be exercised
N/A
19. Total amount paid (if any) for grant of the option
N/A
20. Description of shares or debentures involved (class and number)
N/A
21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise
N/A
22. Total number of shares or debentures over which options held following notification
N/A
23. Any additional information
N/A
24. Name of contact and telephone number for queries
Michael Smith 0207 766 8408
Name and signature of duly authorised officer of issuer responsible for making Notification
Date of notification
22 March 2011
This information is provided by RNS