27 Sep 2010 17:30
| For filings with the FSA include the annex |
| ||||
| For filings with issuer exclude the annex |
| ||||
|
| |||||
| TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi | |||||
|
|
| ||||
| 1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: 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 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 the notification 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 on which the threshold is crossed or reached: v | 23 SEPTEMBER 2010 | ||||
| 6. Date on which issuer notified: | 27 SEPTEMBER 2010 | ||||
| 7. Threshold(s) that is/are crossed or reached: vi, vii | 15% IN RESPECT OF EACH OF CHRISTIAN LEONE, LUXOR MANAGEMENT, LLC, AND LUXOR CAPITAL GROUP | ||||
| 8. Notified details: | |||||||
| A: Voting rights attached to shares viii, ix | |||||||
| Class/type of shares if possible using the ISIN CODE | Situation previous to the triggering transaction | Resulting situation after the triggering transaction | |||||
| Number of Shares | Number of Voting Rights | Number of shares | Number of voting rights | % of voting rights x | |||
| Direct | Direct xi | Indirect xii | Direct | Indirect | |||
| CHRISTIAN LEONE | 5,001,111 | 5,001,111 | 4,876,862 |
| 4,876,862 |
| 9.56% |
| COMMON STOCK GB00B00KV284 | |||||||
| LUXOR MANAGEMENT LLC | 5,001,111 | 5,001,111 | 4,876,862 |
| 4,876,862 |
| 9.56% |
| COMMON STOCK GB00B00KV284 | |||||||
| LUXOR CAPITAL GROUP, LP | 5,001,111 | 5,001,111 | 4,876,862 |
| 4,876,862 |
| 9.56% |
| COMMON STOCK GB00B00KV284 | |||||||
| LCG HOLDINGS, LLC |
4,381,409 |
4,381,409 |
4,288,955 |
|
4,288,955 |
|
8.40% |
| COMMON STOCK GB00B00KV284 | |||||||
|
| ||||||||||
| B: Qualifying Financial Instruments | ||||||||||
| Resulting situation after the triggering transaction | ||||||||||
| Type of financial instrument | Expiration date xiii | Exercise/ Conversion Period xiv | Number of voting rights that may be acquired if the instrument is exercised/ converted. | % of voting rights | ||||||
|
|
|
|
|
| ||||||
|
| ||||||||||
| C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi | ||||||||||
| Resulting situation after the triggering transaction | ||||||||||
| Type of financial instrument | Exercise price | Expiration date xvii | Exercise/ Conversion period xviii | Number of voting rights instrument refers to
| % of voting rights xix, xx
| |||||
| CHRISTIAN LEONE: TOTAL RETURN SWAP ON COMMON STOCK | Market Price | 1 MAY 2011 | N/A | 700,000 | Nominal | Delta | ||||
| 1.37% |
| |||||||||
| LUXOR MANAGEMENT, LLC: TOTAL RETURN SWAP ON COMMON STOCK | Market Price | 1 MAY 2011 | N/A | 700,000 | Nominal | Delta | ||||
| 1.37% |
| |||||||||
| LUXOR CAPITAL GROUP, LP: TOTAL RETURN SWAP ON COMMON STOCK | Market Price | 1 MAY 2011 | N/A | 700,000 | Nominal | Delta | ||||
| 1.37% |
| |||||||||
| LCG HOLDINGS, LLC: TOTAL RETURN SWAP ON COMMON STOCK | Market Price | 1 MAY 2011 | N/A | 623,558 | Nominal | Delta | ||||
| 1.22% |
| |||||||||
| CHRISTIAN LEONE: TOTAL RETURN SWAP ON COMMON STOCK | Market Price | 31 MAR 2014 | N/A | 1,000,000 | Nominal | Delta | ||||
| 1.96% |
| |||||||||
| LUXOR MANAGEMENT, LLC: TOTAL RETURN SWAP ON COMMON STOCK | Market Price | 31 MAR 2014 | N/A | 1,000,000 | Nominal | Delta | ||||
| 1.96% |
| |||||||||
| LUXOR CAPITAL GROUP, LP: TOTAL RETURN SWAP ON COMMON STOCK | Market Price | 31 MAR 2014 | N/A | 1,000,000 | Nominal | Delta | ||||
| 1.96% |
| |||||||||
| LCG HOLDINGS, LLC: TOTAL RETURN SWAP ON COMMON STOCK | Market Price | 31 MAR 2014 | N/A | 1,000,000 | Nominal | Delta | ||||
| 1.96% |
| |||||||||
| CHRISTIAN LEONE: TOTAL RETURN SWAP ON COMMON STOCK | Market Price | 28 APRIL 2011 | N/A | 1,000,000 | Nominal | Delta | ||||
| 1.96% |
| |||||||||
| LUXOR MANAGEMENT, LLC: TOTAL RETURN SWAP ON COMMON STOCK | Market Price | 28 APRIL 2011 | N/A | 1,000,000 | Nominal | Delta |
| 1.96% |
| |||||
| LUXOR CAPITAL GROUP, LP: TOTAL RETURN SWAP ON COMMON STOCK | Market Price | 28 APRIL 2011 | N/A | 1,000,000 | Nominal | Delta |
| 1.96% |
| |||||
| LCG HOLDINGS, LLC: TOTAL RETURN SWAP ON COMMON STOCK | Market Price | 28 APRIL 2011 | N/A |
1,000,000 | Nominal | Delta |
| 1.96% |
| |||||
|
| ||||||
| 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 | 14.85% | |||||
| IN RESPECT OF LCG HOLDINGS, LLC | 13.55% | |||||
| 9. Chain of controlled undertakings through which the voting rights and/or the financial 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 cease to hold: | / | |
| 12. Date on which proxy holder will cease to hold voting rights: | / | |
|
| ||
| 13. Additional information: | / | |
| 14. Contact name: | RICHARD BRIMELOW | |
| 15. Contact telephone number: | 02072901630 | |
GCM Resources (GCM)