Holding(s) in Company

RNS Number : 7483S

GCM Resources PLC

24 November 2011

 



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

GCM RESOURCES PLC

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

An acquisition or disposal of qualifying financial instruments which may result in theacquisition of shares already issued to which voting rights are attached

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

CHRISTIAN LEONE; LUXOR MANAGEMENT, LLC; LUXOR CAPITAL GROUP, LP; AND LCG HOLDINGS, LLC

4. Full name of shareholder(s)  (if different from 3.):iv

LUXOR CAPITAL PARTNERS LP, LUXOR CAPITAL PARTNERS OFFSHORE MASTER FUND, LP AND LUXOR CAPITAL PARTNERS OFFSHORE, LTD.

5. Date of the transaction and date on which the threshold is crossed or reached:v

23 NOVEMBER 2011

6. Date on which issuer notified:

24 NOVEMBER 2011

7. Threshold(s) that is/are crossed or reached:vi, vii

THE PROPORTION OF VOTING RIGHTS ATTACHED TO SHARES IN RESPECT OF EACH OF CHRISTIAN LEONE, LUXOR MANAGEMENT, LCC, LUXOR CAPITAL GROUP, LP AND LCG HOLDINGS, LLC (AS DETAILED IN PART A OF SECTION 8 BELOW) GOES OVER 9%. THE PROPORTION OF VOTING RIGHTS THAT ARE REFERRED TO BY FINANCIAL INSTRUMENTS WITH SIMILAR ECONOMIC EFFECT TO QUALIFYING FINANCIAL INSTRUMENTS IN RESPECT OF EACH OF CHRISTIAN LEONE, LUXOR MANAGEMENT, LLC, LUXOR CAPITAL GROUP, LP, AND LCG HOLDINGS, LLC (AS DETAILED IN PART C OF SECTION 8 BELOW) GOES UNDER 3%. THE TOTAL NUMBER OF VOTING RIGHTS IN RESPECT OF EACH OF CHRISTIAN LEONE, LUXOR MANAGEMENT, LLC AND LUXOR CAPITAL GROUP, LP REMAINS BETWEEN 12% AND 13%. THE TOTAL NUMBER OF VOTING RIGHTS IN RESPECT OF LCG HOLDINGS, LLC REMAINS BETWEEN 11% AND 12%.

8. Notified details:

A: Voting rights attached to sharesviii, 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 rightsx

Direct

Directxi

Indirectxii

Direct

Indirect

CHRISTIAN LEONE

4,364,775

4,364,775

5,014,775

5,014,775

9.82%

COMMON STOCK GB00B00KV284

LUXOR MANAGEMENT LLC

4,364,775

4,364,775

5,014,775

5,014,775

9.82%

COMMON STOCK GB00B00KV284

LUXOR CAPITAL GROUP, LP

4,364,775

4,364,775

5,014,775

5,014,775

9.82%

COMMON STOCK GB00B00KV284

LCG HOLDINGS, LLC

3,954,941

3,954,941

4,604,941

4,604,941

9.02%

COMMON STOCK GB00B00KV284

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration datexiii

Exercise/ Conversion Periodxiv

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 Instrumentsxv, xvi
Resulting situation after the triggering transaction
Type of financial instrument	Exercise price	Expiration datexvii	Exercise/ Conversion periodxviii	Number of voting rights instrument refers to	% of voting rightsxix, xx
CHRISTIAN LEONE: TOTAL RETURN SWAP ON COMMON STOCK	Market Price	3 OCT 2012	N/A	236,953	Nominal	Delta
						0.46%
LUXOR MANAGEMENT, LLC: TOTAL RETURN SWAP ON COMMON STOCK	Market Price	3 OCT 2012	N/A	236,953	Nominal	Delta
						0.46%
LUXOR CAPITAL GROUP, LP: TOTAL RETURN SWAP ON COMMON STOCK	Market Price	3 OCT 2012	N/A	236,953	Nominal	Delta
						0.46%
LCG HOLDINGS, LLC: TOTAL RETURN SWAP ON COMMON STOCK	Market Price	3 OCT 2012	N/A	236,953	Nominal	Delta
						0.46%
CHRISTIAN LEONE: TOTAL RETURN SWAP ON COMMON STOCK	Market Price	31 MAR 2014	N/A	100,000	Nominal	Delta
						0.20%
LUXOR MANAGEMENT, LLC: TOTAL RETURN SWAP ON COMMON STOCK	Market Price	31 MAR 2014	N/A	100,000	Nominal	Delta
						0.20%
LUXOR CAPITAL GROUP, LP: TOTAL RETURN SWAP ON COMMON STOCK	Market Price	31 MAR 2014	N/A	100,000	Nominal	Delta
						0.20%
LCG HOLDINGS, LLC: TOTAL RETURN SWAP ON COMMON STOCK	Market Price	31 MAR 2014	N/A	100,000	Nominal	Delta
						0.20%

CHRISTIAN LEONE: TOTAL RETURN SWAP ON COMMON STOCK	Market Price	21 MAR 2012	N/A	985,189	Nominal	Delta
						1.93%
LUXOR MANAGEMENT, LLC: TOTAL RETURN SWAP ON COMMON STOCK	Market Price	21 MAR 2012	N/A	985,189	Nominal	Delta
						1.93%
LUXOR CAPITAL GROUP, LP: TOTAL RETURN SWAP ON COMMON STOCK	Market Price	21 MAR 2012	N/A	985,189	Nominal	Delta
						1.93%
LCG HOLDINGS, LLC: TOTAL RETURN SWAP ON COMMON STOCK	Market Price	21 MAR 2012	N/A	985,189	Nominal	Delta
						1.93%
Total (A+B+C)
Number of voting rights				Percentage of voting rights
IN RESPECT OF EACH OF CHRISTIAN LEONE, LUXOR MANAGEMENT, LLC AND LUXOR CAPITAL GROUP, LP				12.41%
IN RESPECT OF LCG HOLDINGS, LLC				11.61%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:xxi
The Shares in which Christian Leone is interested are managed by the following entities each of which is controlled by Christian Leone. Luxor Management, LLC; Luxor Capital Group, LP; and LCG Holdings, LLC.
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:	Richard Brimelow
15. Contact telephone number:	0207 2901630

 

END

 

 

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