20 Jan 2012 17:44
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 | 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 thenotification 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 onwhich the threshold is crossed orreached:v | 13 JANUARY 2012 | |||
6. Date on which issuer notified: | 20 JANUARY 2012 | |||
7. Threshold(s) that is/are crossed orreached:vi, vii
| GOING UNDER 12% 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 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 rightsx | |||||||
Direct | Directxi | Indirectxii | Direct | Indirect | |||||||
CHRISTIAN LEONE | 5,110,912 | 5,110,912 | 5,100,284 | 5,100,284 | 9.99% | ||||||
COMMON STOCK GB00B00KV284 | |||||||||||
LUXOR MANAGEMENT LLC | 5,110,912 | 5,110,912 | 5,100,284 | 5,100,284 | 9.99% | ||||||
COMMON STOCK GB00B00KV284 | |||||||||||
LUXOR CAPITAL GROUP, LP | 5,110,912 | 5,110,912 | 5,100,284 | 5,100,284 | 9.99% | ||||||
COMMON STOCK GB00B00KV284 | |||||||||||
LCG HOLDINGS, LLC |
4,704,383 |
4,704,383 |
4,704,383 | 4,704,383 |
9.21% | ||||||
COMMON STOCK GB00B00KV284 | |||||||||||
B: Qualifying Financial Instruments | |||||||||||
Resulting situation after the triggering transaction | |||||||||||
Type of financialinstrument | Expirationdatexiii | Exercise/Conversion Periodxiv | Number of votingrights that may beacquired if theinstrument isexercised/ converted. | % of votingrights | |||||||
C: Financial Instruments with similar economic effect to Qualifying Financial Instrumentsxv, xvi | ||||||
Resulting situation after the triggering transaction | ||||||
Type of financialinstrument | Exercise price | Expiration datexvii | Exercise/Conversion periodxviii | Number of voting rights instrument refers to
| % of voting rightsxix, xx
| |
CHRISTIAN LEONE: TOTAL RETURN SWAP ON COMMON STOCK | Market Price | 27 NOV 2012 | N/A | 95,453 | Nominal | Delta |
0.19% | ||||||
LUXOR MANAGEMENT, LLC: TOTAL RETURN SWAP ON COMMON STOCK | Market Price | 27 NOV 2012 | N/A | 95,453 | Nominal | Delta |
0.19% | ||||||
LUXOR CAPITAL GROUP, LP: TOTAL RETURN SWAP ON COMMON STOCK | Market Price | 27 NOV 2012 | N/A | 95,453 | Nominal | Delta |
0.19% | ||||||
LCG HOLDINGS, LLC: TOTAL RETURN SWAP ON COMMON STOCK | Market Price | 27 NOV 2012 | N/A | 95,453 | Nominal | Delta |
0.19% | ||||||
CHRISTIAN LEONE: TOTAL RETURN SWAP ON COMMON STOCK | Market Price | 21 MAR 2012 | N/A | 855,140 | Nominal | Delta |
1.67% | ||||||
LUXOR MANAGEMENT, LLC: TOTAL RETURN SWAP ON COMMON STOCK | Market Price | 21 MAR 2012 | N/A | 855,140 | Nominal | Delta |
1.67% | ||||||
LUXOR CAPITAL GROUP, LP: TOTAL RETURN SWAP ON COMMON STOCK | Market Price | 21 MAR 2012 | N/A | 855,140 | Nominal | Delta |
1.67% | ||||||
LCG HOLDINGS, LLC: TOTAL RETURN SWAP ON COMMON STOCK | Market Price | 21 MAR 2012 | N/A | 855,140 | Nominal | Delta |
1.67% |
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 | 11.85% |
IN RESPECT OF LCG HOLDINGS, LLC | 11.07% |
9. Chain of controlled undertakings through which the voting rights and/or thefinancial 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 ceaseto hold: | ||
12. Date on which proxy holder will cease to holdvoting rights: | ||
13. Additional information: | ||
14. Contact name: | Graham Taggart | |
15. Contact telephone number: | 020 7290 1630 | |