Holding(s) in Company

RNS Number : 8715L

Fairpoint Group PLC

19 January 2009

 



19 January 2009

FAIRPOINT GROUP PLC

HOLDINGS IN THE COMPANY

Fairpoint Group plc ('Fairpoint' or 'the Company')

Fairpoint was informed on 16 January 2009 that, on 28 November 2008, Mr P. Latham, a Significant Shareholder of the Company sold 1,376,575 ordinary shares of 1p each in the Company. Prior to the transaction Mr Latham held 4,025,794 ordinary shares of 1p each in the Company representing approximately 9.39% of the Company's issued share capital. Following the transaction Mr Latham has a beneficial interest in 2,649,319 ordinary shares of 1p each in the Company, representing approximately 6.18% of the Company's issued share capital.

Fairpoint was also informed on 16 January 2009 that, on 28 November 2008, Mr J Reynard, a Significant Shareholder of the Company purchased 1,376,575 ordinary shares of 1p each in the Company. Prior to the transaction Mr Reynard held 1,344,401 ordinary shares of 1p each in the Company representing approximately 3.17% of the Company's issued share capital. Following the transaction Mr Reynard has a beneficial interest in 2,720,876 ordinary shares of 1p each in the Company, representing approximately 6.35% of the Company's issued share capital.

Enquiries:

Fairpoint Group plc

Chris Moat, Chief Executive Officer         0845 296 0100

Andrew Heath, Finance Director              0845 296 0200

Oriel Securities                                      020 7710 7600   

Tom Durie  

Emma Ormond

Financial Dynamics    

Nick Henderson                                       020 7269 7114

David Cranmer                                        020 7269 7217

 

END

 

 

HOLBLMJTMMABBJL