Frp Advisory Group Regulatory News (FRP)

13 Oct 2009 17:44



FAIRPOINT PLC

13 October 2009

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 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

CHARLES MINDENHALL 

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: 

N/A

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 3 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

CHARLES MINDENHALL 

8 State the nature of the transaction

PURCHASE OF SHARES

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

10,000 ON 29 SEPTEMBER 2009

5,000 ON 2 OCTOBER 2009 

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

0.04% 

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

15,000 SHARES PURCHASED AT 67p

14. Date and place of transaction

10,000 PURCHASED ON 29 SEPTEMBER 2009, LONDON

5,000 PURCHASED ON 2 OCTOBER 2009, LONDON

15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when

calculating percentage)

1,924,074 - 4.49%

16. Date issuer informed of transaction

9 OCTOBER 2009

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

Name and signature of duly authorised officer of issuer responsible for making

Notification

Date of notification

13 October 2009