Fastjet PLC Holding(s) in Company (2605V)
27 January 2017 - 5:04AM
UK Regulatory
TIDMFJET
RNS Number : 2605V
Fastjet PLC
26 January 2017
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
--------------------------------------------------------------------------------------------
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):
--------------------------------------------------------------------------------------------
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 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)
----------------------------------------------------------- -------------------------------
5. Date of the transaction 24 January 2017
and date on
which the threshold is
crossed or
reached: (v)
----------------------------------------------------------- -------------------------------
6. Date on which issuer 26 January 2017
notified:
----------------------------------------------------------- -------------------------------
7. Threshold(s) that is/are
crossed or
reached: (vi, vii) 10%, 11%
----------------------------------------------------------- -------------------------------
8. Notified details:
-------------------------------------------------------------------------------------------------------------------------------
A: Voting rights attached to shares (viii, ix)
-------------------------------------------------------------------------------------------------------------------------------
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 7,514,200 7,514,200 28,683,007 28,683,007 8.541%
-------------------------- ---------------- ------------- ------------- --------- ------------ -----------
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
--------------- ----------- --------------- --------------------------- -------------------------- ------------ ---------
1.351% NA
------------- --------- ----------- ------------ ----------- ----------- --------- ------------ ---------
Total (A+B+C)
-------------------------------------------------------------------------------------------------------------------------------
Number of voting rights Percentage of voting rights
------------------------------------------------------------- ----------------------------------------------------------------
33,283,007 9.776%
------------------------------------------------------------- ----------------------------------------------------------------
9. Chain of controlled undertakings through which the
voting rights and/or the
financial instruments are effectively held, if applicable:
(xxi)
--------------------------------------------------------------------------------------------------------
GAM International Management Ltd is a discretionary
investment manager acting in its capacity as investment
adviser for GAM Global Diversified Investments and GAM
UK Diversified Investments.
The number of shares held on behalf of GAM Global Diversified
Investments and GAM UK Diversified Investments in Fastjet
PLC has increased from 7,514,200 (7.767%) shares to
28,683,007 (8.541%) shares. In addition 4,600,000 warrants
(1.351%) are held on behalf of both funds which, if
exercised, would entitle the funds to buy 4,600,000
shares (1.351%) with 4,600,000 voting rights
The aggregate potential exposure is therefore 33,283,007
(9.776%) shares.
This aggregate potential exposure has decreased from
11.953% of the voting rights to 9.776% following the
placing of 239,082,993 new ordinary shares by Fastjet
PLC.
The breakdown across the funds is as follows:
* GAM Global Diversified Investments (19,424,920
shares; 5.706%)
* GAM Global Diversified Investments (3,090,509
warrants; 0.908%)
* GAM UK Diversified Investments (9,258,087 shares;
2.719%)
* GAM UK Diversified Investments (1,509,491 warrants;
0.443%)
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: Amrit Ryatt, Compliance Officer
---------------------------------------------------------------------- --------------------------------
15. Contact telephone number: 020 7917 2286
---------------------------------------------------------------------- --------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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