TIDMSKYW
RNS Number : 2038X
Skywest Airlines Limited
06 February 2013
ASX code SXR
AIM code SKYW
06 February 2013
SKYWEST AIRLINES LTD.
("the Company")
Holdings in Company
PROPOSED ACQUISITION BY VIRGIN AUSTRALIA HOLDINGS LTD (THE
"OFFEROR") OF ALL THE ISSUED SHARES IN THE CAPITAL OF SKYWEST
AIRLINES LTD (THE "COMPANY") BY WAY OF A SCHEME OF ARRANGEMENT
Centaurus Global Holding Limited ("Centaurus") refers to the
announcements made on 30 October 2012 and 6 December 2012 by the
Company and the Offeror in relation to the Offeror's proposed
acquisition of all the issued shares ("Skywest Shares") in the
capital of the Company by way of a scheme of arrangement under
Section 210 of the Companies Act (Chapter 50) of Singapore.
1. Dealings in Skywest Shares
Pursuant to Rule 12.1 of The Singapore Code on Take-overs and
Mergers, Centaurus hereby gives notice of the following dealings in
Skywest Shares by Centaurus Capital LP[1], a related entity of
Centaurus, for the account of various funds managed by Centaurus
Capital LP[2], on 4 February 2013:
(a) Purchase of Skywest Shares
Date of purchase 4 February 2013
Total number of Skywest
Shares[3] purchased
for the account of PM
Manager Fund SPC, on
behalf of and for the
account of Segregated
Portfolio 28 ("SP28"),
a fund managed by Centaurus
Capital LP 129,330
Percentage of total
number of Skywest Shares
in issue[4] 0.06%
Price paid per Skywest AUD0.44
Share (excluding brokerage
commission, clearing
fees and applicable
tax)
Resultant total number
of Skywest Shares held
for the account of SP28 8,212,984
Resultant total percentage
of total number of Skywest
Shares in issue 3.86%
(b) Sale of Skywest Shares
Date of sale 4 February 2013
Total number of Skywest
Shares[5] sold on behalf
of Centaurus Asia Pacific
Opportunities Master
Fund Limited ("CAPOMF"),
a fund managed by Centaurus
Capital LP 129,330
Percentage of total
number of Skywest Shares
in issue[6] 0.06%
Price paid per Skywest AUD0.44
Share (excluding brokerage
commission, clearing
fees and applicable
tax)
Resultant total number
of Skywest Shares held
for the account of CAPOMF 5,736,308
Resultant total percentage
of total number of Skywest
Shares in issue 2.69%
3. Aggregate Holding of the Centaurus Group in the Company
Although there is a change in the number of Skywest Shares held
for the account of SP28 and the number of Skywest Shares held for
the account of CAPOMF, there is no resultant change in the total
number of Skywest Shares held by funds managed by Centaurus Capital
LP.
Taking into account the dealing referred to above, as at 4
February 2013, details of securities of the Company owned or
controlled by Centaurus, its related entities and funds managed by
Centaurus Capital LP are as follows:
Name of entity Number of Percentage of Other Particulars
Securities total number
of Skywest Shares
in issue[7]
Skywest Shares
are owned by funds
under the discretionary
management of
Centaurus Centaurus Capital
Capital LP 17,698,220 8.31% LP.
Centaurus Contracts 0.16% CFDs are held
Capital LP for Difference by funds under
("CFDs") the discretionary
relating management of
to 340,000 Centaurus Capital
Skywest Shares LP.
Total: 18,038,220 8.47%
4. Dealings in Shares in the Capital of the Offeror
Pursuant to Rule 12.1 of The Singapore Code on Take-overs and
Mergers, Centaurus hereby gives notice of the following dealings in
the issued shares ("Offeror Shares") in the capital of the Offeror
by Centaurus Capital LP, a related entity of Centaurus, for the
account of funds managed by Centaurus Capital LP, on 4 February
2013:
(a) Sale of Offeror Shares
Date of sale 4 February 2013
Total number of Offeror
Shares sold on behalf
of SP28 68,550
Percentage of total
number of Offeror Shares
in issue[8] 0.003%
Price paid per Offeror AUD0.43
Share (excluding brokerage
commission, clearing
fees and applicable
tax)
Resultant total number Nil
of Offeror Shares held
for the account of SP28
Resultant total percentage Nil
of total number of Offeror
Shares in issue
Note: SP28 does not hold any Offeror Shares. The Offeror Shares
which were sold pursuant to the transaction described above were
borrowed from third party securities lenders.
(b) Purchase of Offeror Shares
Date of Purchase 4 February 2013
Total number of Offeror
Shares purchased for
the account of CAPOMF 68,550
Percentage of total
number of Offeror Shares
in issue[9] 0.003%
Price paid per Offeror AUD0.43
Share (excluding brokerage
commission, clearing
fees and applicable
tax)
Resultant total number Nil
of Offeror Shares held
for the account of CAPOMF
Resultant total percentage Nil
of total number of Offeror
Shares in issue
Note: CAPOMF utilised the Offeror Shares which were purchased
pursuant to the transaction described above, to satisfy part of a
securities loan from a third party securities lender who had lent
Offeror Shares to CAPOMF for the purposes of covering prior short
sales.
5. Aggregate Holding of the Centaurus Group in the Offeror
Taking into account the dealing referred to above, as at 4
February 2013, details of the Offeror Shares owned or controlled by
Centaurus, its related entities and funds managed by Centaurus
Capital LP are as follows:
Name of entity Number of Percentage of
Offeror Shares total number
of Offeror Shares
in issue[10]
Centaurus Nil Nil
Capital LP
Any enquiries relating to this Announcement or the Scheme should
be directed during office hours to:
Skywest Airlines Ltd
Jeff Chatfield, Executive Chairman +65 9735 4151
Nominated Adviser
James Joyce, W H Ireland Limited +44 (0)207 220 1666
Company Stockbroker
W H Ireland Limited +44 (0)207 220 1670
Financial Public Relations
Bishopsgate Communications +44 (0)207 562 3350
Nick Rome
skywest@bishopsgatecommunications.com
Media Enquiries in Australia
Brian O'Dwyer +61 420 716 915
Websites
www.skywest.com.au
www.advent.com.sg
www.skywest.com.sg
[1] Centaurus is the sole shareholder of Centaurus Capital
Limited, the general partner of Centaurus Capital LP. Centaurus is
in turn wholly-owned by Bernard Oppetit.
[2] These funds are, namely, Centaurus Event Opportunities
Master Fund Limited, Nomura Centaurus International Risk Arbitrage
Fund, Centaurus Asia Pacific Opportunities Master Fund Limited and
PM Manager Fund SPC, on behalf of and for the account of Segregated
Portfolio 28.
[3] The securities purchased are Chess Depositary Interests
listed on the Australian Stock Exchange.
[4] References in this letter to the total number of Skywest
Shares in issue are based on 213,040,000 Skywest Shares in the
share capital of the Company.
[5] The securities purchased are Chess Depositary Interests
listed on the Australian Stock Exchange.
[6] References in this letter to the total number of Skywest
Shares in issue are based on 213,040,000 Skywest Shares in the
share capital of the Company.
[7] Any discrepancies in the percentages listed and the totals thereof are due to rounding.
[8] References in this letter to the total number of Offeror
Shares in issue are based on 2,455,774,902 Offeror Shares in the
share capital of the Offeror.
[9] References in this letter to the total number of Offeror
Shares in issue are based on 2,455,774,902 Offeror Shares in the
share capital of the Offeror.
[10] Any discrepancies in the percentages listed and the totals
thereof are due to rounding.
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCEAPASEFFDEFF
Skywest Airlines (LSE:SKYW)
Historical Stock Chart
From Jun 2024 to Jul 2024
Skywest Airlines (LSE:SKYW)
Historical Stock Chart
From Jul 2023 to Jul 2024