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TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi
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1. Identity of the issuer or the underlying issuer |
GCM RESOURCES 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 |
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Other (please specify): |
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3. Full name of person(s) subject to the |
CHRISTIAN LEONE; LUXOR MANAGEMENT, LLC; LUXOR CAPITAL GROUP, LP; AND LCG HOLDINGS, LLC |
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4. Full name of shareholder(s) |
LUXOR CAPITAL PARTNERS LP, LUXOR CAPITAL PARTNERS OFFSHORE MASTER FUND, LP AND LUXOR CAPITAL PARTNERS OFFSHORE, LTD. |
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5. Date of the transaction and date on |
04 MAY 2010 |
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6. Date on which issuer notified: |
06 MAY 2010 |
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7. Threshold(s) that is/are crossed or |
15% IN RESPECT OF EACH OF CHRISTIAN LEONE, LUXOR MANAGEMENT, LLC, AND LUXOR CAPITAL GROUP, LP AND 14% IN RESPECT OF LCG HOLDINGS, LLC |
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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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CHRISTIAN LEONE |
4,957,042 |
4,957,042 |
4,903,951 |
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4,903,951 |
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9.61% |
COMMON STOCK GB00B00KV284 |
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LUXOR MANAGEMENT LLC |
4,957,042 |
4,957,042 |
4,903,951 |
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4,903,951 |
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9.61% |
COMMON STOCK GB00B00KV284 |
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LUXOR CAPITAL GROUP, LP |
4,957,042 |
4,957,042 |
4,903,951 |
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4,903,951 |
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9.61% |
COMMON STOCK GB00B00KV284 |
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LCG HOLDINGS, LLC |
4,267,290 |
4,267,290 |
4,214,199 |
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4,214,199 |
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8.26% |
COMMON STOCK GB00B00KV284 |
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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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CHRISTIAN LEONE: TOTAL RETURN SWAP ON COMMON STOCK |
Market Price |
1 MAY 2011 |
N/A |
700,000 |
Nominal |
Delta |
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1.37% |
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LUXOR MANAGEMENT, LLC: TOTAL RETURN SWAP ON COMMON STOCK |
Market Price |
1 MAY 2011 |
N/A |
700,000 |
Nominal |
Delta |
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1.37% |
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LUXOR CAPITAL GROUP, LP: TOTAL RETURN SWAP ON COMMON STOCK |
Market Price |
1 MAY 2011 |
N/A |
700,000 |
Nominal |
Delta |
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1.37% |
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LCG HOLDINGS, LLC: TOTAL RETURN SWAP ON COMMON STOCK |
Market Price |
1 MAY 2011 |
N/A |
623,558 |
Nominal |
Delta |
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1.22% |
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CHRISTIAN LEONE: TOTAL RETURN SWAP ON COMMON STOCK |
Market Price |
31 MAR 2014 |
N/A |
1,000,000 |
Nominal |
Delta |
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1.96% |
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LUXOR MANAGEMENT, LLC: TOTAL RETURN SWAP ON COMMON STOCK |
Market Price |
31 MAR 2014 |
N/A |
1,000,000 |
Nominal |
Delta |
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1.96% |
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LUXOR CAPITAL GROUP, LP: TOTAL RETURN SWAP ON COMMON STOCK |
Market Price |
31 MAR 2014 |
N/A |
1,000,000 |
Nominal |
Delta |
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1.96% |
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LCG HOLDINGS, LLC: TOTAL RETURN SWAP ON COMMON STOCK |
Market Price |
31 MAR 2014 |
N/A |
1,000,000 |
Nominal |
Delta |
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1.96% |
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CHRISTIAN LEONE: TOTAL RETURN SWAP ON COMMON STOCK |
Market Price |
28 APRIL 2011 |
N/A |
1,000,000 |
Nominal |
Delta |
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1.96% |
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LUXOR MANAGEMENT, LLC: TOTAL RETURN SWAP ON COMMON STOCK |
Market Price |
28 APRIL 2011 |
N/A |
1,000,000 |
Nominal |
Delta |
1.96% |
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LUXOR CAPITAL GROUP, LP: TOTAL RETURN SWAP ON COMMON STOCK |
Market Price |
28 APRIL 2011 |
N/A |
1,000,000 |
Nominal |
Delta |
1.96% |
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LCG HOLDINGS, LLC: TOTAL RETURN SWAP ON COMMON STOCK |
Market Price |
28 APRIL 2011 |
N/A |
1,000,000 |
Nominal |
Delta |
1.96% |
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Total (A+B+C) |
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Number of voting rights |
Percentage of voting rights |
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IN RESPECT OF EACH OF CHRISTIAN LEONE, LUXOR MANAGEMENT, LLC AND LUXOR CAPITAL GROUP, LP |
14.90% |
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IN RESPECT OF LCG HOLDINGS, LLC |
13.40% |
9. Chain of controlled undertakings through which the voting rights and/or the |
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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. |
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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 |
/ |
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12. Date on which proxy holder will cease to hold |
/ |
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14. Contact name: |
Richard Brimelow |
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15. Contact telephone number: |
0207 2901630 |
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