Dart Group PLC Holding(s) in Company (3138U)

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 [phone] 
-----------------------------------------  ------------------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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