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Holding(s) in Company

14 Oct 2014 17:25

RNS Number : 3138U
Dart Group PLC
14 October 2014
 



TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

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

Dart Group 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 the acquisition 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 thenotification obligation: iii

Silver Point Capital, L.P.

Edward A. Mulé

 

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

Silver Point Capital Fund, L.P.

Silver Point Capital Offshore Master Fund, L.P.

5. Date of the transaction and date onwhich the threshold is crossed orreached: v

10 October 2014

6. Date on which issuer notified:

14 October 2014

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

5%

 

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

GB00B1722W11

Ordinary

7,285,000

7,435,000

7,435,000

5.079

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate xiii

Exercise/Conversion Period xiv

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

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

Resulting situation after the triggering transaction

Type of financialinstrument

Exercise price

Expiration date xvii

Exercise/Conversion period xviii

Number of voting rights instrument refers to

 

% of voting rights xix, xx

 

 

 

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

7,435,000

5.079%

 

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

 

Silver Point Capital Fund, L.P. and Silver Point Capital Offshore Master Fund, L.P. are the direct holders of the shares and hold as follows:

 

· Silver Point Capital Fund, L.P. - 3,036,610 shares representing 2.074% of voting rights; and

 

· Silver Point Capital Offshore Master Fund, L.P. - 4,398,390 shares representing 3.005% of voting rights.

 

Silver Point Capital Fund, L.P. and Silver Point Capital Offshore Master Fund, L.P. are managed by Silver Point Capital, L.P. Silver Point Capital, L.P.'s general partner is Silver Point Capital Management, LLC. Edward A. Mulé is the managing member of Silver Point Capital Management, LLC.

 

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will ceaseto hold:

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

13. Additional information:

This disclosure has been calculated on the basis that the number of shares currently in issue is 146,378,549 ordinary shares.

 

14. Contact name:

James S. Kasmarcik, Silver Point Capital

15. Contact telephone number:

001 (203) 542-4485

 

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