Fastjet PLC Replacement - Holding(s) in Company (9771G)
12 August 2016 - 12:53AM
UK Regulatory
TIDMFJET
RNS Number : 9771G
Fastjet PLC
11 August 2016
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
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1. Identity of the issuer or Fastjet PLC
the underlying issuer
of existing shares to which
voting rights are
attached: (ii)
----------------------------------------------------------- -------------------------------
2 Reason for the notification (please tick the appropriate
box or boxes):
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An acquisition or disposal of voting rights X
------------------------------------------------------------ ------------------------------
An acquisition or disposal of qualifying financial X
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 X
------------------------------------------------------------ ------------------------------
Other (please
specify):
---------------------------------------------------------- ------------------------------
3. Full name of person(s) GAM International Management
subject to the Limited
notification obligation:
(iii)
----------------------------------------------------------- -------------------------------
4. Full name of shareholder(s) State Street Nominees Limited
(if different from 3.):(iv)
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5. Date of the transaction 09 August 2016
and date on
which the threshold is
crossed or
reached: (v)
----------------------------------------------------------- -------------------------------
6. Date on which issuer 11 August 2016
notified:
----------------------------------------------------------- -------------------------------
7. Threshold(s) that is/are
crossed or
reached: (vi, vii) 5%, 10%, 11%
----------------------------------------------------------- -------------------------------
8. Notified details:
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A: Voting rights attached to shares (viii, ix)
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Class/type Situation previous Resulting situation after the
of to the triggering triggering transaction
shares transaction
if possible
using
the ISIN
CODE
------------- -------------------------------------------- ----------------------------------------------------------------
Number Number Number Number of % of voting
of of of shares voting rights (x)
Shares Voting rights
Rights
------------- -------------------------- ---------------- ------------ ----------------------- -------------------------
Direct Direct Indirect Direct Indirect
(xi) (xii)
------------- --------- ----------- ------------ ------------ ------------ --------- ------------ -----------
GB00BWGCH354 2,914,200 2,914,200 7,514,200 7,514,200 7.767%
-------------------------- ---------------- ------------ ------------ --------- ------------ -----------
B: Qualifying Financial Instruments
-----------------------------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
-----------------------------------------------------------------------------------------------------------------------------
Type of Expiration Exercise/ Number of voting % of voting
financial date Conversion rights that rights
instrument (xiii) Period (xiv) may 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
financial price date Conversion rights instrument rights (xix,
instrument (xvii) period refers to xx)
(xviii)
--------------- ----------- --------------- -------------------------- ------------------------- -----------------------
Warrant 31.5p 21/07/2021 NA 4,600,000 Nominal Delta
--------------- ----------- --------------- -------------------------- ------------------------- ------------ ---------
4.539% NA
------------- --------- ----------- ------------ ---------- ---------- --------- ------------ ---------
Total (A+B+C)
-----------------------------------------------------------------------------------------------------------------------------
Number of voting rights Percentage of voting rights
------------------------------------------------------------- --------------------------------------------------------------
12,114,200 11.953%
------------------------------------------------------------- --------------------------------------------------------------
9. Chain of controlled undertakings through which the
voting rights and/or the
financial instruments are effectively held, if applicable:
(xxi)
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GAM International Management Ltd (GIML) is a discretionary
investment manager acting in its capacity as investment
adviser for GAM Global Diversified Investments and GAM
UK Diversified Investments.
The share position in Fastjet PLC has increased from
2,914,200 (4.387%) shares to 7,514,200 (7.767%). The
breakdown across the funds is as follows:
* GAM Global Diversified Investments (5,254,713 shares;
5.431%)
* GAM UK Diversified Investments (2,259,487 shares;
2.335%)
GIML has an additional exposure of 4,600,000 (4.539%)
warrants which have an equivalent number of voting rights
of 4,600,000 (4.539%) should they be exercised. In the
event of exercising the warrants, the total number of
voting rights will increase with the number of warrants
exercised. The breakdown in warrants across the funds
is therefore as follows:
* GAM Global Diversified Investments (3,090,509
warrants; 3.049%)
* GAM UK Diversified Investments (1,509,491 warrants;
1.489%)
The total exposure in the event of exercising these
warrants is therefore 12,114,200 voting rights (11.953%).
Proxy Voting:
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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:
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13. Additional information:
-------------------------------------------------------------------- -----------------------------
14. Contact name: Barbara Langford, Compliance
Officer
-------------------------------------------------------------------- -----------------------------
15. Contact telephone number: 020 7917 2442
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Note: Annex should only be submitted to the FCA not
the issuer
Annex: Notification of major interests in share
A: Identity of the persons or legal entity subject to
the notification obligation
--------------------------------------------------------------------
Full name GAM International Management
(including legal form of Limited
legal entities)
------------------------------------- -----------------------------
Contact address 20 King Street
(registered office for legal London
entities) SW1Y 6QY
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Phone number & email 020 7493 9990
------------------------------------- -----------------------------
Other useful information FRN 122331
(at least legal representative
for legal persons)
------------------------------------- -----------------------------
B: Identity of the notifier, if applicable
--------------------------------------------------------------------
Full name Barbara Langford, Compliance
Officer
------------------------------------- -----------------------------
Contact address 20 King Street
London
SW1Y 6QY
------------------------------------- -----------------------------
Phone number & email 020 7917 2442
Barbara.langford@gam.com
------------------------------------- -----------------------------
Other useful information
(e.g. functional relationship
with the person or legal
entity subject to the notification
obligation)
------------------------------------- -----------------------------
C: Additional information
--------------------------------------------------------------------
For notes on how to complete form TR-1 please see the
FCA website.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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