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 issuer
of existing shares to which voting rights are
attached: 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 the
notification 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 on
which the threshold is crossed or
reached: v

10 October 2014

6. Date on which issuer notified:

14 October 2014

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

5%


 

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

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 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

 





 

 

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 the
financial 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 cease
to hold:


12. Date on which proxy holder will cease to hold
voting 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
 
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