Fairpoint Group Announcements

Holding(s) in Company

17 November 2008 12:03:19



RNS Number : 2900I Fairpoint Group PLC 17 November 2008  
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Form TR-1 with annex. FSA Version 2.1 updated April 2007

For filings with the FSA include the annex
For filings with issuer exclude the annex 

TR-1: Notifications 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 notification (yes/no)

An acquisition or disposal of voting rights
Yes

An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached 
No

An event changing the breakdown of voting rights
No

Other (please specify):______________
No

3. Full name of person(s) subject to notification obligation:

Hanover I Master Fund where the shares are registered in the name of Vidacos Nominees Limited

4. Full name of shareholder(s) (if different from 3):
As above

5. Date of transaction (and date on which the threshold is crossed or reached if different):
14 November 2008

6. Date on which issuer notified:
14 November 2008

7. Threshold(s) that is/are crossed or reached:
22% 
8: Notified Details
A: Voting rights attached to shares

Class/type of shares
If possible use ISIN code
Situation previous to the triggering transaction
Resulting situation after the triggering transaction
Number of shares
Number of voting rights
Number of shares
Number of voting rights
Percentage of voting rights

Direct

Indirect

Direct

Indirect
Ord 1p  9,347,635   9,347,635      9,547,635    9,547,635   22.48% 

B: Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument
Expiration date
Exercise/ conversion period/date 
No. of voting rights that may be acquired (if the instrument exercised/converted)
Percentage of voting rights
Total (A+B)

Number of voting rights
Percentage of voting rights
9,547,635   
22.48% 
9. Chain of controlled undertakings through which the voting rights and /or the financial instruments are effectively held, if applicable:
Vidacos Nominees Limited controls the total voting rights; being the vehicle managed by the Prime Broker to Hanover I Master Fund LP.

Proxy Voting:

10. Name of 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:

Barry Monks
15. Contact telephone name:

0207 766 8400

For notes on how to complete form TR-1 please see the FSA website. 
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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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