Holding(s) in Company

RNS Number : 5964K

Fairpoint Group PLC

31 July 2013

 



TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:				Fairpoint Group
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights					Yes
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
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments					NO
An event changing the breakdown of voting rights					NO
Other (please specify):					NO
3. Full name of person(s) subject to the notification obligation:		Miton Group plc
4. Full name of shareholder(s)  (if different from 3.):		See section 9 below
5. Date of the transaction and date on which the threshold is crossed or reached:		24/07/2013
6. Date on which issuer notified:		25/07/2013
7. Threshold(s) that is/are crossed or reached:		Was 13.63%, Now  14.33%

8. Notified details:

A: Voting rights attached to shares

Class/type of shares if possible using the ISIN CODE

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of Shares

Number of Voting Rights

Number of shares

Number of voting rights

% of  voting rights

Direct

Direct

Indirect

Direct

Indirect

GB0032360280

5,779,060

5,779,060

6,079,060

n/a

6,079,060

n/a

14.33%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date

Exercise/ Conversion Period

Number of voting rights that may be acquired if the instrument is exercised/ converted.

% of voting rights

n/a

n/a

n/a

n/a

n/a

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date

Exercise/ Conversion period

Number of voting rights instrument refers to

% of voting rights

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

6,079,060

14.33%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
Diverse Income Trust	HSBC Global Custody Nominees (UK) Ltd a/c 727563			2,447,064
CF Miton UK Multicap Income Fund	Bank of New York Nominees Ltd a/c 397449			1,685,996
Miton Income Opportunities Trust	HSBC Global Custody Nominees (UK) Ltd a/c 724755			1,025,000
CF Miton UK Smaller Companies Fund	BNY Custodial Nominees (Ireland) Limited a/c 397904			310,000
CF Miton UK Value Opportunities	Bank of New York Nominees Ltd a/c 398398			311,000
The Investment Company				300,000
Proxy Voting:
10. Name of the proxy holder:			n/a
11. Number of voting rights proxy holder will cease to hold:			n/a
12. Date on which proxy holder will cease to hold voting rights:			n/a
13. Additional information:		Miton Capital Partners Ltd and Miton Asset Management Ltd are both subsidiaries of Miton Group plc
14. Contact name:		Ian Borrows
15. Contact telephone number:		0151 906 2476

 

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