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GCM Resources PLC (GCM)

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Tuesday 14 December, 2010

GCM Resources PLC

Holding(s) in Company

RNS Number : 9053X
GCM Resources PLC
14 December 2010
 



 


TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi



1. Identity of the issuer or the underlying issuer
of existing shares to which voting rights are
attached:
ii

GCM RESOURCES PLC

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

X

An acquisition or disposal of qualifying financial instruments which may result in theacquisition of shares already issued to which voting rights are attached


An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments


An event changing the breakdown of voting rights


Other (please specify):



3. Full name of person(s) subject to the
notification obligation:
iii

CHRISTIAN LEONE; LUXOR MANAGEMENT, LLC; 
LUXOR CAPITAL GROUP, LP; AND LCG HOLDINGS, LLC

4. Full name of shareholder(s)
 (if different from 3.):iv

LUXOR CAPITAL PARTNERS LP, LUXOR CAPITAL PARTNERS OFFSHORE MASTER FUND, LP AND 
LUXOR CAPITAL PARTNERS OFFSHORE, LTD.

5. Date of the transaction and date on
which the threshold is crossed or
reached:
v

10 DECEMBER 2010

6. Date on which issuer notified:

13 DECEMBER 2010

7. Threshold(s) that is/are crossed or
reached:
vi, vii

GOING BELOW 14% IN RESPECT OF EACH OF CHRISTIAN LEONE, LUXOR MANAGEMENT, LLC, AND LUXOR CAPITAL GROUP



 

8. Notified details:

A: Voting rights attached to sharesviii, ix

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 rightsx

Direct

Directxi

Indirectxii

Direct

Indirect

CHRISTIAN LEONE

4,769,862

4,769,862

4,763,017


4,763,017


9.33%

COMMON STOCK

GB00B00KV284

LUXOR MANAGEMENT LLC

4,769,862

4,769,862

4,763,017


4,763,017


9.33%

COMMON STOCK

GB00B00KV284

LUXOR CAPITAL GROUP, LP

4,769,862

4,769,862

4,763,017


4,763,017


9.33%

COMMON STOCK

GB00B00KV284

LCG HOLDINGS, LLC

 

4,152,176

 

4,152,176

 

4,152,176


4,154,777


 

8.14%

COMMON STOCK

GB00B00KV284

 

 

 


B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial
instrument

Expiration
date
xiii

Exercise/
Conversion Period
xiv

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

% of voting
rights






 

 

 

 

C: Financial Instruments with similar economic effect to Qualifying Financial Instrumentsxv, xvi

Resulting situation after the triggering transaction

Type of financial
instrument

Exercise price

Expiration datexvii

Exercise/
Conversion period
xviii

Number of voting rights instrument refers to

 

% of voting rightsxix, xx

 

CHRISTIAN LEONE: TOTAL RETURN SWAP ON COMMON STOCK

Market Price

3 OCT 2011

N/A

379,023

Nominal

Delta

0.74%


LUXOR MANAGEMENT, LLC: TOTAL RETURN SWAP ON COMMON STOCK

Market Price

3 OCT 2011

N/A

379,023

Nominal

Delta

0.74%


LUXOR CAPITAL GROUP, LP: TOTAL RETURN SWAP ON COMMON STOCK

Market Price

3 OCT 2011

N/A

379,023

Nominal

Delta

0.74%


LCG HOLDINGS, LLC: TOTAL RETURN SWAP ON COMMON STOCK

Market Price

3 OCT 2011

N/A

331,745

Nominal

Delta

0.65%


CHRISTIAN LEONE: TOTAL RETURN SWAP ON COMMON STOCK

Market Price

31 MAR 2014

N/A

1,000,000

Nominal

Delta

1.96%


LUXOR MANAGEMENT, LLC: TOTAL RETURN SWAP ON COMMON STOCK

Market Price

31 MAR 2014

N/A

1,000,000

Nominal

Delta

1.96%


LUXOR CAPITAL GROUP, LP: TOTAL RETURN SWAP ON COMMON STOCK

Market Price

31 MAR 2014

N/A

1,000,000

Nominal

Delta

1.96%


LCG HOLDINGS, LLC: TOTAL RETURN SWAP ON COMMON STOCK

Market Price

31 MAR 2014

N/A

1,000,000

Nominal

Delta

1.96%


CHRISTIAN LEONE: TOTAL RETURN SWAP ON COMMON STOCK

Market Price

28 APRIL 2011

N/A

1,000,000

Nominal

Delta

1.96%




 

LUXOR MANAGEMENT, LLC: TOTAL RETURN SWAP ON COMMON STOCK

Market Price

28 APRIL 2011

N/A

1,000,000

Nominal

Delta

1.96%


LUXOR CAPITAL GROUP, LP: TOTAL RETURN SWAP ON COMMON STOCK

Market Price

28 APRIL 2011

N/A

1,000,000

Nominal

Delta

1.96%


LCG HOLDINGS, LLC: TOTAL RETURN SWAP ON COMMON STOCK

Market Price

28 APRIL 2011

N/A

 

1,000,000

Nominal

Delta

1.96%


 

 

Total (A+B+C)

Number of voting rights

Percentage of voting rights

IN RESPECT OF EACH OF CHRISTIAN LEONE, LUXOR MANAGEMENT, LLC AND LUXOR CAPITAL GROUP, LP

13.99%

IN RESPECT OF LCG HOLDINGS, LLC

12.71%



 

9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:
xxi

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.


Proxy Voting:

10. Name of the proxy holder:

/

11. Number of voting rights proxy holder will cease
to hold:

/

12. Date on which proxy holder will cease to hold
voting rights:

/



13. Additional information:


/

14. Contact name:

Richard Brimelow

15. Contact telephone number:

0207 2901630

 


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