Holding(s) in Company

 

TIDMDTG 
 
RNS Number : 4717O 
Dart Group PLC 
29 June 2010 
 

 
+----------------+--------------------+------+----------------------------+--------+ 
| TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES                                   | 
+----------------------------------------------------------------------------------+ 
|                                            |                                     | 
+--------------------------------------------+-------------------------------------+ 
| 1. Identity of the issuer or the           |                      Dart Group Plc | 
| underlying issuer                          |                                     | 
| of existing shares to which voting rights  |                                     | 
| are                                        |                                     | 
| attached:                                  |                                     | 
+--------------------------------------------+-------------------------------------+ 
| 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   |    Baker Street Capital Ltd., Baker Street | 
| to the                              |                Capital LLC, Vadim Perelman | 
| notification obligation:            |                                            | 
+-------------------------------------+--------------------------------------------+ 
| 4. Full name of shareholder(s)      |                                            | 
|  (if different from 3.):            |                                            | 
+-------------------------------------+--------------------------------------------+ 
| 5. Date of the transaction and date |                               28 June 2010 | 
| on                                  |                                            | 
| which the threshold is crossed or   |                                            | 
| reached:                            |                                            | 
+-------------------------------------+--------------------------------------------+ 
| 6. Date on which issuer notified:   |                               28 June 2010 | 
+-------------------------------------+--------------------------------------------+ 
| 7. Threshold(s) that is/are crossed |                                         3% | 
| or                                  |                                            | 
| reached:                            |                                            | 
+-------------------------------------+--------------------------------------------+ 
|                |                    |      |                            |        | 
+----------------+--------------------+------+----------------------------+--------+ 
 
+--------------+----------------+----+------+--------+-----+----+------------------+----+----+------+----------+-------+--------------------+----+--+-----------+ 
| 8. Notified details:                                                                                                                                          | 
+---------------------------------------------------------------------------------------------------------------------------------------------------------------+ 
| A: Voting rights attached to shares                                                                                                                           | 
+---------------------------------------------------------------------------------------------------------------------------------------------------------------+ 
| Class/type   | Situation previous                             | Resulting situation after the triggering transaction                                          | 
| of           | to the triggering                              |                                                                                               | 
| shares       | transaction                                    |                                                                                               | 
| if           |                                                |                                                                                               | 
| possible     |                                                |                                                                                               | 
| using        |                                                |                                                                                               | 
| the ISIN     |                                                |                                                                                               | 
| CODE         |                                                |                                                                                               | 
+              +------------------------------------------------+-----------------------------------------------------------------------------------------------+ 
|              | Number                     | Number            | Number                | Number of            | % of  voting rights                            | 
|              | of                         | of                | of                    | voting               |                                                | 
|              | Shares                     | Voting            | shares                | rights               |                                                | 
|              |                            | Rights            |                       |                      |                                                | 
+              +                            +                   +-----------------------+----------------------+------------------------------------------------+ 
|              |                            |                   |                       | Direct    | Indirect | Direct                          | Indirect     | 
|              |                            |                   |                       |           |          |                                 |              | 
+--------------+----------------------------+-------------------+-----------------------+-----------+----------+---------------------------------+--------------+ 
| GB00B1722W11 | 4,531,757                  | 4,531,757         | 4,031,757             | 4,031,757 |          | 2.855%                          |              | 
+--------------+----------------------------+-------------------+-----------------------+-----------+----------+---------------------------------+--------------+ 
|                                                                                                                                                               | 
+---------------------------------------------------------------------------------------------------------------------------------------------------------------+ 
| B: Qualifying Financial Instruments                                                                                                                           | 
+---------------------------------------------------------------------------------------------------------------------------------------------------------------+ 
| Resulting situation after the triggering transaction                                                                                                          | 
+---------------------------------------------------------------------------------------------------------------------------------------------------------------+ 
| Type of financial                  | Expiration    | Exercise/                             | Number of voting                             | % of voting       | 
| instrument                         | date          | Conversion Period                     | rights that may be                           | rights            | 
|                                    |               |                                       | acquired if the                              |                   | 
|                                    |               |                                       | instrument is                                |                   | 
|                                    |               |                                       | exercised/                                   |                   | 
|                                    |               |                                       | converted.                                   |                   | 
+------------------------------------+---------------+---------------------------------------+----------------------------------------------+-------------------+ 
|                                    |               |                                       |                                              |                   | 
+------------------------------------+---------------+---------------------------------------+----------------------------------------------+-------------------+ 
|                                                                                                                                                               | 
+---------------------------------------------------------------------------------------------------------------------------------------------------------------+ 
| C: Financial Instruments with similar economic effect to Qualifying Financial Instruments                                                                     | 
+---------------------------------------------------------------------------------------------------------------------------------------------------------------+ 
| Resulting situation after the triggering transaction                                                                                                          | 
+---------------------------------------------------------------------------------------------------------------------------------------------------------------+ 
| Type of financial             | Exercise  | Expiration   | Exercise/                  | Number of voting             | % of voting rights                     | 
| instrument                    | price     | date         | Conversion                 | rights instrument            |                                        | 
|                               |           |              | period                     | refers to                    |                                        | 
|                               |           |              |                            |                              |                                        | 
+-------------------------------+-----------+--------------+----------------------------+------------------------------+----------------------------------------+ 
|                               |           |              |                            |                              | Nominal                    | Delta     | 
|                               |           |              |                            |                              |                            |           | 
+                               +           +              +                            +                              +----------------------------+-----------+ 
|                               |           |              |                            |                              |                            |           | 
+-------------------------------+-----------+--------------+----------------------------+------------------------------+----------------------------+-----------+ 
|                                                                                                                                                               | 
+---------------------------------------------------------------------------------------------------------------------------------------------------------------+ 
| Total (A+B+C)                                                                                                                                                 | 
+---------------------------------------------------------------------------------------------------------------------------------------------------------------+ 
| Number of voting rights                                                          | Percentage of voting rights                                                | 
+----------------------------------------------------------------------------------+----------------------------------------------------------------------------+ 
| 4,031,757                                                                        | 2.855%                                                                     | 
+----------------------------------------------------------------------------------+----------------------------------------------------------------------------+ 
|              |                |    |      |        |     |    |                  |    |    |      |          |       |                    |    |  |           | 
+--------------+----------------+----+------+--------+-----+----+------------------+----+----+------+----------+-------+--------------------+----+--+-----------+ 
 
+--------------------------------------+-----------+------------------------------+ 
| 9. Chain of controlled undertakings through which the voting rights and/or the  | 
| financial instruments are effectively held, if applicable:                      | 
+---------------------------------------------------------------------------------+ 
|                                                                                 | 
| Vadim Perelman is the Managing Partner of Baker Street Capital LLC, a           | 
| California LLC, which is the investment manager of Baker Street Capital LP., a  | 
| Delaware Limited Partnership that is the shareholder of Dart Group.  Both Vadim | 
| Perelman and Baker Street Capital LLC could be considered shareholders by way   | 
| of their control of the shares owned by Baker Street Capital LP.                | 
+---------------------------------------------------------------------------------+ 
|                                                                                 | 
+---------------------------------------------------------------------------------+ 
| 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:                    |                                          | 
+--------------------------------------+------------------------------------------+ 
| 15. Contact telephone number:        |                                          | 
+--------------------------------------+------------------------------------------+ 
|                                      |           |                              | 
+--------------------------------------+-----------+------------------------------+ 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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