Director/PDMR Shareholding

RNS Number : 4984O
Fairpoint Group PLC
19 September 2011
 



 

FAIRPOINT GROUP PLC

19 September 2011

 

 

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 GROUP 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

 

HANOVER INVESTORS MANAGEMENT (CAYMAN) LTD

 

 

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 - 9,505,106 after current purchase of 97,000 shares

 

HANOVER INVESTORS MANAGEMENT (CAYMAN) LTD - 157,272

 

Please note that at our previous trade of 500,000 shares (sale) on 18 March we over-reported the total shareholding following the sale, by 288,082 due to a spreadsheet error. To be clear, we have not traded at all in the interim.

 

 

 

8 State the nature of the transaction

 

PURCHASE OF SHARES

 

 

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

 

97,000 On 16 September 2011

 

 

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

 

22.18% - HANOVER MASTER FUND LP

0.37% - HANOVER INVESTORS MANAGEMENT (CAYMAN) LTD

 

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

 

97,000 SHARES BOUGHT AT 51.50p

 

14. Date and place of transaction

 

16 September 2011, LONDON

 

 

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 - 9,505,106 SHARES ON BEHALF OF HANOVER MASTER FUND LP - 22.18%

HANOVER INVESTORS MANAGEMENT (CAYMAN) LTD - 157,272 - 0.37%

 

 

16. Date issuer informed of transaction

 

19 September 2011

 

 

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

 

19 September 2011


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
RDSXKLFFFKFLBBB
UK 100

Latest directors dealings