Director/PDMR Shareholding

3 Dec 2008 07:00



3 December 2008

Fairpoint Group plc ("Fairpoint" or "the Company")

Director's Dealings

Fairpoint announces that, on 21 November 2008, Hanover Investors Management (Cayman) Limited bought 50,000 ordinary shares of 1p each in the Company at a price of 37.25p per share. 

Matthew Peacock, a non-executive director of the Company, is a director and shareholder of Hanover Investors Management (Cayman) Limited. Following this purchase, Mr Peacock has a beneficial interest in 180,000 ordinary shares of 1p each in the Company, representing approximately 0.42% of the Company's issued share capital; and Hanover Investors is interested in 9,547,635 ordinary shares of 1p each representing approximately 22.48% of the Company's issued share capital.