Skywest Airlines Limited Dealings Disclosure (7895T)

TIDMSKYW

RNS Number : 7895T

Skywest Airlines Limited

18 December 2012

ASX code SXR

AIM code SKYW

PROPOSED ACQUISITION BY VIRGIN AUSTRALIA HOLDINGS LTD (THE "OFFEROR") OF ALL THE ISSUED SHARES IN THE CAPITAL OF SKYWEST AIRLINES LTD (THE "COMPANY") BY WAY OF A SCHEME OF ARRANGEMENT

- DEALINGS DISCLOSURE

   1.         Introduction 

Centaurus Global Holding Limited ("Centaurus") refers to the announcements made on 30 October 2012 and 6 December 2012 by the Company and the Offeror in relation to the Offeror's proposed acquisition of all the issued shares ("Skywest Shares") in the capital of the Company by way of a scheme of arrangement under Section 210 of the Companies Act (Chapter 50) of Singapore.

   2.         Dealings in Skywest Shares 

Pursuant to Rule 12.1 of The Singapore Code on Take-overs and Mergers, Centaurus hereby gives notice of the following dealings in Skywest Shares by Centaurus Capital LP(1) , a related entity of Centaurus, for the account of funds managed by Centaurus Capital LP, on 13 December 2012:

 
 Date of purchase               13 December 2012 
 Total number of Skywest 
  Shares purchased              117,685(2) 
 Percentage of total 
  number of Skywest Shares 
  in issue(3)                   0.06% 
 Price paid per Skywest         AUD0.42 
  Share (excluding brokerage 
  commission, clearing 
  fees and applicable 
  tax) 
 Resultant total number 
  of Skywest Shares owned 
  or controlled by Centaurus 
  Capital LP                    12,616,230(4) 
 Resultant total percentage 
  of total number of Skywest 
  Shares in issue owned 
  or controlled by Centaurus 
  Capital LP                    5.92% 
 

1.Centaurus is the sole shareholder of Centaurus Capital Limited, the general partner of Centaurus Capital LP. Centaurus is in turn wholly-owned by Bernard Oppetit.

2.The securities purchased are Chess Depositary Interests listed on the Australian Stock Exchange.

3.References in this letter to the total number of Skywest Shares in issue are based on 213,040,000 Skywest Shares in the share capital of the Company.

4.These interests are held through Chess Depositary Interests listed on the Australian Stock Exchange in respect of 12,616,230 Skywest Shares.

   3.         Aggregate Holding of the Centaurus Group in the Company 

Taking into account the dealing referred to above, as at 13 December 2012, details of securities of the Company owned or controlled by Centaurus and its related entities are as follows:

 
 Name of entity       Number of         Percentage of         Other Particulars 
                      Securities         total number 
                                       of Skywest Shares 
                                          in issue(5) 
                                                                   Skywest Shares 
                                                                 are owned by funds 
                                                               under the discretionary 
                                                                    management of 
  Centaurus                                                       Centaurus Capital 
   Capital LP         12,616,230             5.92%                       LP. 
  Centaurus            Contracts             0.16%                 CFDs are held 
   Capital LP        for Difference                                by funds under 
                        ("CFDs")                                  the discretionary 
                        relating                                    management of 
                       to 340,000                                 Centaurus Capital 
                     Skywest Shares                                      LP. 
  Total:              12,956,230             6.08% 
 

5.Any discrepancies in the percentages listed and the totals thereof are due to rounding.

   4.         Dealings in Shares in the Capital of the Offeror 

Pursuant to Rule 12.1 of The Singapore Code on Take-overs and Mergers, Centaurus hereby gives notice of the following dealings in the issued shares ("Offeror Shares") in the capital of the Offeror by Centaurus Capital LP, a related entity of Centaurus, for the account of funds managed by Centaurus Capital LP, on 13 December 2012:

 
 Date of sale                   13 December 2012 
 Total number of Offeror 
  Shares sold                   62,373 
 Percentage of total 
  number of Offeror Shares 
  in issue(6)                   0.003% 
 Price paid per Offeror         AUD0.43 (in respect of 15,900 Offeror 
  Share (excluding brokerage     Shares) 
  commission, clearing           AUD0.4274 (in respect of 46,473 
  fees and applicable            Offeror Shares) 
  tax) 
 Resultant total number         Nil 
  of Offeror Shares owned 
  or controlled by Centaurus 
  Capital LP 
 Resultant total percentage     Nil 
  of total number of Offeror 
  Shares in issue owned 
  or controlled by Centaurus 
  Capital LP 
 

Note: None of the funds managed by Centaurus Capital LP hold any Offeror Shares. The Offeror Shares which were sold pursuant to the transactions described above were borrowed from third party securities lenders.

6. References in this letter to the total number of Offeror Shares in issue are based on 2,455,774,902 Offeror Shares in the share capital of the Offeror.

   5.         Aggregate Holding of the Centaurus Group in the Offeror 

Taking into account the dealing referred to above, as at 13 December 2012, details of the Offeror Shares owned or controlled by Centaurus and its related entities are as follows:

 
 Name of entity      Number of        Percentage of 
                   Offeror Shares      total number 
                                     of Offeror Shares 
                                        in issue(7) 
  Centaurus             Nil                 Nil 
   Capital LP 
 

7.Any discrepancies in the percentages listed and the totals thereof are due to rounding.

Any enquiries relating to this Announcement or the Scheme should be directed during office hours to:

Skywest Airlines Ltd

   Jeff Chatfield, Executive Chairman                                                   [phone] 

Nominated Adviser

James Joyce, W H Ireland Limited [phone]

Company Stockbroker

W H Ireland Limited [phone]

Financial Public Relations

Bishopsgate Communications [phone]

Nick Rome

[e-mail]

Media Enquiries in Australia

Brian O'Dwyer [phone]

Websites

www.skywest.com.au

www.advent.com.sg

www.skywest.com.sg

This information is provided by RNS

The company news service from the London Stock Exchange

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