JET2 PLC — Major Shareholding Notification 2014

Oct 14, 2014

National Storage Mechanism | Additional information

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RNS Number : 3138U

Dart Group PLC

14 October 2014

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii			Dart 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 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
Other (please specify):
3. Full name of person(s) subject to the notification obligation: iii		Silver Point Capital, L.P. Edward A. Mulé
4. Full name of shareholder(s) (if different from 3.):iv		Silver Point Capital Fund, L.P. Silver Point Capital Offshore Master Fund, L.P.
5. Date of the transaction and date on which the threshold is crossed or reached: v		10 October 2014
6. Date on which issuer notified:		14 October 2014
7. Threshold(s) that is/are crossed or reached: vi, vii		5%

8. Notified details:
A: Voting rights attached to shares viii, ix
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			Number of shares		Number of voting rights			% of  voting rights x
Direct		Direct xi		Indirect xii	Direct			Indirect
GB00B1722W11 Ordinary	7,285,000						7,435,000		7,435,000			5.079
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument			Expiration date xiii		Exercise/ Conversion Period xiv					Number of voting rights that may be acquired if the instrument is exercised/ converted.				% of voting rights
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi
Resulting situation after the triggering transaction
Type of financial instrument		Exercise price		Expiration date xvii		Exercise/ Conversion period xviii			Number of voting rights instrument refers to				% of voting rights xix, xx
													Nominal			Delta
Total (A+B+C)
Number of voting rights								Percentage of voting rights
7,435,000								5.079%

9. Chain of controlled undertakings through which the voting rights and/or the

financial instruments are effectively held, if applicable: xxi

Silver Point Capital Fund, L.P. and Silver Point Capital Offshore Master Fund, L.P. are the direct holders of the shares and hold as follows:

·      Silver Point Capital Fund, L.P. -  3,036,610 shares representing 2.074% of voting rights; and
·      Silver Point Capital Offshore Master Fund, L.P. - 4,398,390 shares representing 3.005% of voting rights.

Silver Point Capital Fund, L.P. and Silver Point Capital Offshore Master Fund, L.P. are managed by Silver Point Capital, L.P.  Silver Point Capital, L.P.'s general partner is Silver Point Capital Management, LLC. Edward A. Mulé is the managing member of Silver Point Capital Management, LLC.

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:

This disclosure has been calculated on the basis that the number of shares currently in issue is 146,378,549 ordinary shares.

14. Contact name:

James S. Kasmarcik, Silver Point Capital

15. Contact telephone number:

001 (203) 542-4485

This information is provided by RNS

The company news service from the London Stock Exchange

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