Notification of Major Interest in Shares

RNS Number : 8028A

GCM Resources PLC

04 April 2012

 



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 the acquisition 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 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

3 APRIL 2012

6. Date on which issuer notified:

4 APRIL 2012

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

GOING UNDER 9% IN RESPECT OF EACH OF CHRISTIAN LEONE, LUXOR MANAGEMENT, LLC, AND LUXOR CAPITAL GROUP, LP

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

4,343,295

4,343,295

4,251,295

4,251,295

8.32%

COMMON STOCK GB00B00KV284

LUXOR MANAGEMENT LLC

4,343,295

4,343,295

4,251,295

4,251,295

8.32%

COMMON STOCK GB00B00KV284

LUXOR CAPITAL GROUP, LP

4,343,295

4,343,295

4,251,295

4,251,295

8.32%

COMMON STOCK GB00B00KV284

LCG HOLDINGS, LLC

4,055,622

4,055,622

3,981,604

3,981,604

7.80%

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	27 APR 2012	N/A	339,956	Nominal	Delta
						0.67%
LUXOR MANAGEMENT, LLC: TOTAL RETURN SWAP ON COMMON STOCK	Market Price	27 APR 2012	N/A	339,956	Nominal	Delta
						0.67%
LUXOR CAPITAL GROUP, LP: TOTAL RETURN SWAP ON COMMON STOCK	Market Price	27 APR 2012	N/A	339,956	Nominal	Delta
						0.67%
LCG HOLDINGS, LLC: TOTAL RETURN SWAP ON COMMON STOCK	Market Price	27 APR 2012	N/A	339,956	Nominal	Delta
						0.67%

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	8.99%
IN RESPECT OF LCG HOLDINGS, LLC	8.46%
AGGREGATE VOTING RIGHTS IN RESPECT OF CHRISTIAN LEONE, LUXOR MANAGEMENT, LLC, LUXOR CAPITAL GROUP, LP AND LCG HOLDINGS, LLC	8.99%

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:	Graham Taggart
15. Contact telephone number:	[phone]

 

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