Fastjet PLC Holding(s) in Company (9546G)

TIDMFJET

RNS Number : 9546G

Fastjet PLC

11 August 2016

 
 
 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
-------------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or                                                    Fastjet PLC 
  the underlying 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                          X 
  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                            X 
------------------------------------------------------------  ------------------------------ 
 Other (please 
  specify): 
----------------------------------------------------------    ------------------------------ 
 3. Full name of person(s)                                      GAM International Management 
  subject to the                                                                     Limited 
  notification obligation: 
  (iii) 
-----------------------------------------------------------  ------------------------------- 
 4. Full name of shareholder(s)                                State Street Nominees Limited 
  (if different from 3.):(iv) 
-----------------------------------------------------------  ------------------------------- 
 5. Date of the transaction                                                   09 August 2016 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-----------------------------------------------------------  ------------------------------- 
 6. Date on which issuer                                                      11 August 2016 
  notified: 
-----------------------------------------------------------  ------------------------------- 
 7. Threshold(s) that is/are 
  crossed or 
  reached: (vi, vii)                                                       5%, 10%, 11%, 12% 
-----------------------------------------------------------  ------------------------------- 
 
 
 
 8. Notified details: 
----------------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares (viii, ix) 
----------------------------------------------------------------------------------------------------------------------------- 
 Class/type     Situation previous                            Resulting situation after the 
  of             to the triggering                             triggering transaction 
  shares         transaction 
 
  if possible 
  using 
  the ISIN 
  CODE 
-------------  --------------------------------------------  ---------------------------------------------------------------- 
                Number                      Number            Number        Number of                % of voting 
                 of                          of               of shares      voting                   rights (x) 
                 Shares                      Voting                          rights 
                                             Rights 
-------------  --------------------------  ----------------  ------------  -----------------------  ------------------------- 
                                                              Direct        Direct        Indirect   Direct        Indirect 
                                                                             (xi)          (xii) 
-------------      ---------  -----------      ------------  ------------  ------------  ---------  ------------  ----------- 
 GB00BWGCH354   2,914,200                   2,914,200         7,514,200     7,514,200                7.767% 
               --------------------------  ----------------  ------------  ------------  ---------  ------------  ----------- 
 
 B: Qualifying Financial Instruments 
----------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
----------------------------------------------------------------------------------------------------------------------------- 
 Type of            Expiration                Exercise/                       Number of voting           % of voting 
 financial           date                      Conversion                      rights that                rights 
 instrument          (xiii)                    Period (xiv)                    may 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 
 financial        price         date             Conversion                  rights instrument          rights (xix, 
 instrument                     (xvii)           period                      refers to                  xx) 
                                                 (xviii) 
---------------  -----------  ---------------  --------------------------  -------------------------  ----------------------- 
 Warrant          31.5p        21/07/2021       NA                          4,600,000                  Nominal       Delta 
---------------  -----------  ---------------  --------------------------  -------------------------  ------------  --------- 
                                                                                                       4.755%        NA 
-------------      ---------  -----------      ------------    ----------    ----------  ---------    ------------  --------- 
 
 Total (A+B+C) 
----------------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                        Percentage of voting rights 
-------------------------------------------------------------  -------------------------------------------------------------- 
 12,114,200                                                     12.521% 
-------------------------------------------------------------  -------------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
--------------------------------------------------------------------------------------------------- 
 
        GAM International Management Ltd is a discretionary 
        investment manager acting in its capacity as investment 
        adviser for GAM Global Diversified Investments and GAM 
        UK Diversified Investments. 
 
        The position in Fastjet PLC has increased from 2,914,200 
        (4.387%) shares to 7,514,200 (7.767%) shares, with an 
        additional exposure of 4,600,000 (4.755%) warrants which 
        have an equivalent number of voting rights of 4,600,000 
        (4.755%) should they be exercised. The aggregate potential 
        exposure is therefore 12,114,200 (12.521%) shares. The 
        breakdown across the funds is as follows: 
 
         *    GAM Global Diversified Investments (5,254,713 shares; 
              5.431%) 
 
 
         *    GAM Global Diversified Investments (3,090,509 
              warrants; 3.194%) 
 
 
 
         *    GAM UK Diversified Investments (2,259,487 shares; 
              2.335%) 
 
 
         *    GAM UK Diversified Investments (1,509,491 warrants; 
              1.560%) 
 
 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:                                                     Barbara Langford, Compliance 

                                                                                            Officer 
--------------------------------------------------------------------  ----------------------------- 
 15. Contact telephone number:                                                        020 7917 2442 
--------------------------------------------------------------------  ----------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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August 11, 2016 07:25 ET (11:25 GMT)