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TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES |
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1. Identity of the issuer or the underlying issuer |
Fastjet PLC |
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2 Reason for the notification (please tick the appropriate box or boxes): |
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An acquisition or disposal of voting rights |
X |
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An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached |
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An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments |
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An event changing the breakdown of voting rights |
X |
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Other (please specify): |
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3. Full name of person(s) subject to the |
GAM International Management Limited
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4. Full name of shareholder(s) |
State Street Nominees Limited |
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5. Date of the transaction and date on |
24 January 2017 |
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6. Date on which issuer notified: |
26 January 2017 |
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7. Threshold(s) that is/are crossed or |
10%, 11% |
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8. Notified details: |
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A: Voting rights attached to shares viii, ix |
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Class/type of
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Situation previous |
Resulting situation after the triggering transaction |
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Number |
Number |
Number |
Number of voting |
% of voting rights x |
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Direct |
Direct xi |
Indirect xii |
Direct |
Indirect |
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GB00BWGCH354 |
7,514,200 |
7,514,200 |
28,683,007 |
28,683,007 |
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8.541% |
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B: Qualifying Financial Instruments |
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Resulting situation after the triggering transaction |
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Type of financial |
Expiration |
Exercise/ |
Number of voting |
% of voting |
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C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi |
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Resulting situation after the triggering transaction |
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Type of financial |
Exercise price |
Expiration date xvii |
Exercise/ |
Number of voting rights instrument refers to
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% of voting rights xix, xx
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Warrant |
31.5p |
21/07/2021 |
NA |
4,600,000
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Nominal |
Delta |
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1.351% |
NA |
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Total (A+B+C) |
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Number of voting rights |
Percentage of voting rights |
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33,283,007 |
9.776% |
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9. Chain of controlled undertakings through which the voting rights and/or the |
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GAM International Management Ltd is a discretionary investment manager acting in its capacity as investment adviser for GAM Global Diversified Investments and GAM UK Diversified Investments.
The number of shares held on behalf of GAM Global Diversified Investments and GAM UK Diversified Investments in Fastjet PLC has increased from 7,514,200 (7.767%) shares to 28,683,007 (8.541%) shares. In addition 4,600,000 warrants (1.351%) are held on behalf of both funds which, if exercised, would entitle the funds to buy 4,600,000 shares (1.351%) with 4,600,000 voting rights
The aggregate potential exposure is therefore 33,283,007 (9.776%) shares.
This aggregate potential exposure has decreased from 11.953% of the voting rights to 9.776% following the placing of 239,082,993 new ordinary shares by Fastjet PLC.
The breakdown across the funds is as follows:
· GAM Global Diversified Investments (19,424,920 shares; 5.706%) · GAM Global Diversified Investments (3,090,509 warrants; 0.908%)
· GAM UK Diversified Investments (9,258,087 shares; 2.719%) · GAM UK Diversified Investments (1,509,491 warrants; 0.443%)
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Proxy Voting: |
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10. Name of the proxy holder: |
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11. Number of voting rights proxy holder will cease to hold: |
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12. Date on which proxy holder will cease to hold voting rights: |
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14. Contact name: |
Amrit Ryatt, Compliance Officer |
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15. Contact telephone number: |
020 7917 2286 |
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