Dart Group PLC Holding(s) in Company (3138U)
October 14 2014 - 12:25PM
UK Regulatory
TIDMDTG
RNS Number : 3138U
Dart Group PLC
14 October 2014
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
--------------------------------------------------
1. Identity of the issuer or the underlying Dart Group PLC
issuer
of existing shares to which voting rights
are
attached: (ii)
--------------------------------------------------- -----------------------------------
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 Silver Point Capital, L.P.
to the Edward A. Mulé
notification obligation: (iii)
-------------------------------------------- ------------------------------------------
4. Full name of shareholder(s) Silver Point Capital Fund, L.P.
(if different from 3.):(iv) Silver Point Capital Offshore Master
Fund, L.P.
-------------------------------------------- ------------------------------------------
5. Date of the transaction and date 10 October 2014
on
which the threshold is crossed
or
reached: (v)
-------------------------------------------- ------------------------------------------
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 Situation previous Resulting situation after the triggering
of to the triggering transaction
shares transaction
if possible
using
the ISIN
CODE
------------- ------------------------------------ ---------------------------------------------------------------------
Number Number Number Number of voting % of voting rights
of of of shares rights (x)
Shares Voting
Rights
------------- ---------------- ------------------ ------------ ------------------------ -----------------------------
Direct Direct Indirect Direct Indirect
(xi) (xii)
------------- ----- ------- ------ ----- --- ------------ ------------- --------- ------------- --------------
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 Expiration Exercise/ Number of voting % of voting
instrument date (xiii) Conversion Period rights that may rights
(xiv) be
acquired if the
instrument is
exercised/ converted.
---------------------- --------------- ------------------------------ --------------------------- --------------------
C: Financial Instruments with similar economic effect to Qualifying Financial
Instruments (xv, xvi)
--------------------------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
--------------------------------------------------------------------------------------------------------------------------
Type of Exercise Expiration Exercise/ Number of voting % of voting rights
financial price date (xvii) Conversion rights instrument (xix, xx)
instrument period refers to
(xviii)
--------------- -------------- ------------- ----------------- ---------------------------- -------------------------
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
END
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