Fairpoint Group Announcements

Holding(s) in Company

14 October 2008 15:22:33



RNS Number : 8272F Fairpoint Group PLC 14 October 2008  
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TR-1:   notification of major interests in shares 
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:
FAIRPOINT GROUP PLC   
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 financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An event changing the breakdown of voting rights

Other (please specify):___________________________________________

3. Full name of person(s) subject to the notification obligation:
   The Goldman Sachs Group, Inc.
4. Full name of shareholder(s) (if different from 3.):

Goldman Sachs International

5. Date of the transaction (and date on which the threshold is crossed or reached if different):
07 OCTOBER 2008
6. Date on which issuer notified:
09 OCTOBER 2008
7. Threshold(s) that is/are crossed or reached:
7%
8. Notified details:

A: Voting rights attached to shares
Class/type of shares 
 if possible using the ISIN CODE
Situation previous to the Triggering transaction 
Resulting situation after the triggering transaction
Number of Shares 
Number of Voting Rights viii
Number of shares 
Number of voting rights ix
% of voting rights

Direct  x
Indirect xi
Direct
Indirect
GB0032360280

Below 3%

3,002,857

7.07%
B: Financial Instruments
Resulting situation after the triggering transaction xii
Type of financial instrument 
Expiration date xiii
Exercise/ Conversion Period/ Date xiv 
Number of voting rights that may be acquired if the instrument is exercised/ converted. 
% of voting rights
Total (A+B)
Number of voting rights
% of voting rights
3,002,857
7.07%
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable xv:
The interest in 3,002,857 shares arose from a beneficial interest held by Goldman Sachs International, a wholly-owned indirect subsidiary of GS Inc. These shares are, or will be, registered at CREST in account CREPTEMP.

Proxy Voting:
10. Name of the proxy holder:
N/A
11. Number of voting rights proxy holder will cease to hold:
N/A
12. Date on which proxy holder will cease to hold voting rights:
N/A

13. Additional information:
General email contact:
shareholderdisclosures@gs.com
14. Contact name:
Sean Rogers / Alan Cox
15. Contact telephone number:
0207-552-9205 / 0207-774 -8774
 
 

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Risk Warning

There is an extra risk of losing money when shares are bought in some smaller companies including 'Penny Shares'. There is a big difference between the buying price and the selling price of these shares. If they have to be sold immediately, you may get back much less than you paid for them or you may have difficulty in selling them. Past performance is not a reliable indicator of future results. The price may change quickly and it may go down as well as up. You could lose every penny put into a particular share.

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