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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 |
Fairpoint Group |
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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 |
Yes |
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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 |
NO |
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An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments |
NO |
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An event changing the breakdown of voting rights |
NO |
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Other (please specify): |
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NO |
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3. Full name of person(s) subject to the |
Miton Group plc |
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4. Full name of shareholder(s) |
See section 9 below |
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5. Date of the transaction and date on |
15/11/2013 |
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6. Date on which issuer notified: |
18/11/2013 |
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7. Threshold(s) that is/are crossed or |
Was 17.13%, Now 19.48% |
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8. Notified details: |
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A: Voting rights attached to shares |
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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 |
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Direct |
Direct |
Indirect |
Direct |
Indirect |
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GB0032360280 |
7,264,060 |
7,264,060 |
8,264,060 |
n/a |
8,264,060 |
n/a |
19.48% |
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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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n/a |
n/a |
n/a |
n/a |
n/a |
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C: Financial Instruments with similar economic effect to Qualifying Financial Instruments |
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Resulting situation after the triggering transaction |
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Type of financial |
Exercise price |
Expiration date |
Exercise/ |
Number of voting rights instrument refers to
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% of voting rights
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Nominal |
Delta |
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Total (A+B+C) |
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Number of voting rights |
Percentage of voting rights |
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8,264,060 |
19.48% |
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9. Chain of controlled undertakings through which the voting rights and/or the |
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Diverse Income Trust |
HSBC Global Custody Nominees (UK) Ltd a/c 727563 |
3,472,064 |
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CF Miton UK Multicap Income Fund |
Bank of New York Nominees Ltd a/c 397449 |
3,683,496 |
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CF Miton UK Smaller Companies Fund |
BNY Custodial Nominees (Ireland) Limited a/c 397904 |
310,000 |
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CF Miton UK Value Opportunities |
Bank of New York Nominees Ltd a/c 398398 |
498,500 |
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The Investment Company |
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300,000 |
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Proxy Voting: |
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10. Name of the proxy holder: |
n/a |
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11. Number of voting rights proxy holder will cease |
n/a |
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12. Date on which proxy holder will cease to hold |
n/a |
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14. Contact name: |
Ian Borrows |
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15. Contact telephone number: |
0151 906 2476 |
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