Director/PDMR Shareholding

RNS Number : 3367Z
Fairpoint Group PLC
18 September 2009
 




FAIRPOINT PLC

18 September 2009



NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS



This form is intended for use by an issuer to make a RIS notification required

by DR 3.1.4R(1).



(1) An issuer making a notification in respect of a transaction relating to the

shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24.


(2) An issuer making a notification in respect of a derivative relating to the

shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24.


(3) An issuer making a notification in respect of options granted to a director/

person discharging managerial responsibilities should complete boxes 1 to 3 and

17 to 24.


(4) An issuer making a notification in respect of a financial instrument

relating to the shares of the issuer (other than a debenture) should complete

boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.



Please complete all relevant boxes in block capital letters.


1. Name of the issuer


FAIRPOINT PLC



2. State whether the notification relates to

(i) a transaction notified in accordance with DR 3.1.4R(1)(a); or

(ii) DR 3.1.4(R)(1)(b) a disclosure made in accordance with section 324 (as extended by section 328) of the Companies Act 1985; or

(iii) both (i) and (ii)


(i) A TRANSACTION NOTIFIED IN ACCORDANCE WITH DR3.1.4R(1)(a)

 


3. Name of person discharging managerial responsibilities/director


MATTHEW PEACOCK 



4. State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person


Connected persons


VIDACOS NOMINEES LIMITED, on behalf of HANOVER MASTER FUND LP


DAUPHIN CAPITAL LLC


5. Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest


THE NOTIFICATION RELATES TO THE PERSONS REFERRED TO IN 4 ABOVE



6. Description of shares (including class), debentures or derivatives or financial instruments relating to shares


1P ORDINARY SHARES


7. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them


VIDACOS NOMINEES LIMITED - 9,790,635 SHARES ON BEHALF OF HANOVER MASTER FUND LP after current purchase of 60,000


HANOVER INVESTORS MANAGEMENT (CAYMAN) LTD - 210,000


DAUPHIN CAPITAL LLC - 352,825  after current purchase of 20,000


8 State the nature of the transaction


PURCHASE OF SHARES



9. Number of shares, debentures or financial instruments relating to shares acquired


80,000 On 15 September 2009


10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)


22.84% - HANOVER MASTER FUND LP

0.78% - DAUPHIN CAPITAL LLC


11. Number of shares, debentures or financial instruments relating to shares disposed


N/A


12. Percentage of issued class disposed (treasury shares of that class should

not be taken into account when calculating percentage)


N/A


13. Price per share or value of transaction


80,000 SHARES PURCHASED AT 55p


14. Date and place of transaction


15 September 2009LONDON



15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when

calculating percentage)


VIDACOS NOMINEES LIMITED - 9,790,635 SHARES ON BEHALF OF HANOVER MASTER FUND LP - 22.84%

HANOVER INVESTORS MANAGEMENT (CAYMAN) LTD - 210,000 - 0.49%

DAUPHIN CAPITAL LLC - 352,825 - 0.82%



16. Date issuer informed of transaction


18 September 2009




If a person discharging managerial responsibilities has been granted options by

the issuer complete the following boxes


17. Date of grant


N/A


18. Period during which or date on which it can be exercised


N/A



19. Total amount paid (if any) for grant of the option


N/A



20. Description of shares or debentures involved (class and number)


N/A



21. Exercise price (if fixed at time of grant) or indication that price is to be

fixed at the time of exercise


N/A



22. Total number of shares or debentures over which options held following

notification


N/A



23. Any additional information


N/A



24. Name of contact and telephone number for queries


Michael Smith    0207 766 8408




Name and signature of duly authorised officer of issuer responsible for making

Notification



Date of notification


18 September 2009



This information is provided by RNS
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