Director/PDMR Shareholding

RNS Number : 1410I

Fairpoint Group PLC

20 July 2012

 

Fairpoint Group plc

Director/PDMR Shareholding

Fairpoint Group plc ("Fairpoint or the "Company"), the leading provider of advice and solutions to financially stressed consumers, announces that it was today informed that Hanover Investors Management LLP ("Hanover") has acquired 321,200 ordinary shares of 1p each in the Company ("Ordinary Shares") at a price of 60 pence per Ordinary Share. Mr Matthew Peacock, Non-Executive Chairman of the Company, is the founding partner of Hanover. Following this purchase, Hanover now has an interest in 9,983,578 Ordinary Shares representing approximately 23.8% of the Company's issued share capital (excluding the 1,666,667 Ordinary Shares held as treasury shares).

The Company has also been informed that today, Mr John Gittins, the Finance Director, purchased 16,667 Ordinary Shares at a price of 60 pence per Ordinary Share. As a result, Mr Gittin's total beneficial holding in the Company is now 16,667 Ordinary Shares.  This represents approximately 0.04% of the Company's issued share capital (excluding the 1,666,667 Ordinary Shares held as treasury shares).

For further information, please contact:

Fairpoint Group Plc

Chris Moat, Chief Executive Officer                                        0844 826 1209

John Gittins, Finance Director

Shore Capital (Nominated adviser and broker)

Pascal Keane                                                                                     0207 408 4050

Edward Mansfield

FTI Consulting

Paul Marriott                                                                                     0207 269 7243

Laura Pope

 

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