Fairpoint Group plc ("Fairpoint or the "Company"), the leading provider of advice and solutions to financially stressed consumers, announces that it was today informed that Hanover Investors Management LLP ("Hanover") has acquired 321,200 ordinary shares of 1p each in the Company ("Ordinary Shares") at a price of 60 pence per Ordinary Share. Mr Matthew Peacock, Non-Executive Chairman of the Company, is the founding partner of Hanover. Following this purchase, Hanover now has an interest in 9,983,578 Ordinary Shares representing approximately 23.8% of the Company's issued share capital (excluding the 1,666,667 Ordinary Shares held as treasury shares).
The Company has also been informed that today, Mr John Gittins, the Finance Director, purchased 16,667 Ordinary Shares at a price of 60 pence per Ordinary Share. As a result, Mr Gittin's total beneficial holding in the Company is now 16,667 Ordinary Shares. This represents approximately 0.04% of the Company's issued share capital (excluding the 1,666,667 Ordinary Shares held as treasury shares).
For further information, please contact:
Fairpoint Group Plc
Chris Moat, Chief Executive Officer 0844 826 1209
John Gittins, Finance Director
Shore Capital (Nominated adviser and broker)
Pascal Keane 0207 408 4050
Paul Marriott 0207 269 7243
This information is provided by RNS
The company news service from the London Stock Exchange
Datafeed and UK data supplied by NETbuilder and Interactive Data.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk!
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.