Holding(s) in Company

RNS Number : 8368N

GCM Resources PLC

07 September 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					X
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
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 differentfrom 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		06 SEPTEMBER 2011
6. Date on which issuer notified:		07 SEPTEMBER 2011
7. Threshold(s) that is/are crossed or reached:vi, vii		GOING UNDER13% IN RESPECT OF EACH OF CHRISTIAN LEONE, LUXOR MANAGEMENT, LLC, AND LUXOR CAPITAL GROUP

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	4,229,761	4,229,761	4,207,131		4,207,131		8.24%
COMMON STOCK GB00B00KV284
LUXOR MANAGEMENT LLC	4,229,761	4,229,761	4,207,131		4,207,131		8.24%
COMMON STOCK GB00B00KV284
LUXOR CAPITAL GROUP, LP	4,229,761	4,229,761	4,207,131		4,207,131		8.24%
COMMON STOCK GB00B00KV284
LCG HOLDINGS, LLC	4,163,377	4,163,377	3,779,451		3,779,451		7.40%
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 2011		N/A	323,755		Nominal		Delta
								0.63%
LUXOR MANAGEMENT, LLC: TOTAL RETURN SWAP ON COMMON STOCK	Market Price		3 OCT 2011		N/A	323,755		Nominal		Delta
								0.63%
LUXOR CAPITAL GROUP, LP: TOTAL RETURN SWAP ON COMMON STOCK	Market Price		3 OCT 2011		N/A	323,755		Nominal		Delta
								0.63%
LCG HOLDINGS, LLC: TOTAL RETURN SWAP ON COMMON STOCK	Market Price		3 OCT 2011		N/A	314,681		Nominal		Delta
								0.62%
CHRISTIAN LEONE: TOTAL RETURN SWAP ON COMMON STOCK	Market Price		31 MAR 2014		N/A	1,000,000		Nominal		Delta
								1.96%
LUXOR MANAGEMENT, LLC: TOTAL RETURN SWAP ON COMMON STOCK	Market Price		31 MAR 2014		N/A	1,000,000		Nominal		Delta
								1.96%
LUXOR CAPITAL GROUP, LP: TOTAL RETURN SWAP ON COMMON STOCK	Market Price		31 MAR 2014		N/A	1,000,000		Nominal		Delta
								1.96%
LCG HOLDINGS, LLC: TOTAL RETURN SWAP ON COMMON STOCK	Market Price		31 MAR 2014		N/A	1,000,000		Nominal		Delta
								1.96%
CHRISTIAN LEONE: TOTAL RETURN SWAP ON COMMON STOCK	Market Price		21 MAR 2011		N/A	1,086,462		Nominal		Delta
								2.13%

LUXOR MANAGEMENT, LLC: TOTAL RETURN SWAP ON COMMON STOCK	Market Price	21 MAR 2011	N/A	1,086,462	Nominal	Delta
					2.13%
LUXOR CAPITAL GROUP, LP: TOTAL RETURN SWAP ON COMMON STOCK	Market Price	21 MAR 2011	N/A	1,086,462	Nominal	Delta
					2.13%
LCG HOLDINGS, LLC: TOTAL RETURN SWAP ON COMMON STOCK	Market Price	21 MAR 2011	N/A	1,086,462	Nominal	Delta
					2.13%
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				12.96%
IN RESPECT OF LCG HOLDINGS, LLC				12.11%

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:	[phone]

 

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