Paddy Power Betfair plc Holding(s) in Company (0354L)

TIDMPPB

RNS Number : 0354L

Paddy Power Betfair plc

13 July 2017

Standard Form TR-1

Standard form for notification of major holdings

 
 NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant 
  issuer and to the Central Bank of Ireland)(i) 
------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or the underlying issuer of 
  existing shares to which voting rights are attached(ii) 
  : 
  Paddy Power Betfair Plc 
------------------------------------------------------------------------------------- 
 2. Reason for the notification (please tick the appropriate 
  box or boxes): 
  [X] An acquisition or disposal of voting rights 
  [ ] An acquisition or disposal of financial instruments 
  [ ] An event changing the breakdown of voting rights 
  [ ] Other (please specify)(iii) : 
------------------------------------------------------------------------------------- 
 3. Details of person subject to the notification obligation(iv) 
  : 
 Name:                                  City and country of registered 
  Marathon Asset Management              office (if applicable): 
  LLP                                    London, UK 
-------------------------------------  ---------------------------------------------- 
 4. Full name of shareholder(s) (if different from 3.)(v) 
  : 
  See attached breakdown 
------------------------------------------------------------------------------------- 
 5. Date on which the threshold was crossed or reached(vi) 
  : 
  30 June 2017 
------------------------------------------------------------------------------------- 
 6. Date on which issuer notified: 
  13 July 2017 
------------------------------------------------------------------------------------- 
 7. Threshold(s) that is/are crossed or reached: 
  3% 
------------------------------------------------------------------------------------- 
 8. Total positions of person(s) subject to the notification 
  obligation: 
------------------------------------------------------------------------------------- 
                     % of voting        % of voting       Total of       Total number 
                      rights attached    rights through    both in %      of voting 
                      to shares          financial         (9.A + 9.B)    rights of 
                      (total of          instruments                      issuer(vii) 
                      9.A)               (total of 
                                         9.B.1 + 9.B.2) 
------------------  -----------------  ----------------  -------------  ------------- 
 Resulting 
  situation 
  on the date 
  on which 
  threshold 
  was crossed 
  or reached         2.99               0                 2.99           2,518,109 
------------------  -----------------  ----------------  -------------  ------------- 
 Position 
  of previous 
  notification 
  (if applicable)    4.33               N/A               4.33 
------------------  -----------------  ----------------  -------------  ------------- 
 
 
 9. Notified details of the resulting situation on the 
  date on which the threshold was crossed or reached(viii) 
  : 
-------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares 
-------------------------------------------------------------------------------------------------------------- 
 Class/type            Number of voting rights(ix)            % of voting rights 
  of 
  shares 
  ISIN code 
  (if possible) 
-------------------- 
 
                               Direct             Indirect           Direct                  Indirect 
--------------------  ----------------------  -------------  -------------------  ---------------------------- 
 Ordinary 
  shares (IE00BWT6H894)                        2,518,109                           2.99 
--------------------------------------------  -------------  -------------------  ---------------------------- 
 
 
 SUBTOTAL 
  A                                            2,518,109                           2.99 
--------------------------------------------  -------------  -------------------  ---------------------------- 
 
 B 1: Financial Instruments according to Regulation 17(1)(a) 
  of the Regulations 
-------------------------------------------------------------------------------------------------------------- 
 Type of financial      Expiration            Exercise/       Number of voting                  % of voting 
  instrument             date(x)               Conversion      rights that                       rights 
                                               Period(xi)      may be acquired 
                                                               if the instrument 
                                                               is exercised/converted. 
---------------------  --------------------  --------------  --------------------------------  --------------- 
 None 
---------------------   -----------------------------------  --------------------------------  --------------- 
                         SUBTOTAL B.1 
                        -----------------------------------  --------------------------------  --------------- 
 
 B 2: Financial Instruments with similar economic effect 
  according to Regulation 17(1)(b) of the Regulations 
-------------------------------------------------------------------------------------------------------------- 
 Type of               Expiration             Exercise/       Physical             Number       % of voting 
  financial             date(x)               Conversion      or cash              of voting     rights 
  instrument                                  Period          settlement(xii)      rights 
                                              (xi) 
--------------------  ---------------------  --------------  -------------------  -----------  --------------- 
 None 
--------------------------------------------  -------------  -------------------  -----------  --------------- 
                                                              SUBTOTAL 
                                                               B.2 
                                                             -------------------  -----------  --------------- 
 
 
 
 10. Information in relation to the person subject to 
  the notification obligation (please tick the applicable 
  box): 
 
  [ ] Person subject to the notification obligation is 
  not controlled by any natural person or legal entity 
  and does not control any other undertaking(s) holding 
  directly or indirectly an interest in the (underlying) 
  issuer.(xiii) 
 
  [ X ] Full chain of controlled undertakings through 
  which the voting rights and/or the 
  financial instruments are effectively held starting 
  with the ultimate controlling natural person or legal 
  entity(xiv) : 
 Name(xv)           % of voting       % of voting              Total of both 
                     rights if it      rights through           if it equals 
                     equals or is      financial instruments    or is higher 
                     higher than       if it equals             than the notifiable 
                     the notifiable    or is higher             threshold 
                     threshold         than the notifiable 
                                       threshold 
-----------------  ----------------  -----------------------  --------------------- 
 William Arah 
-----------------  ----------------  -----------------------  --------------------- 
 Jeremy Hosking 
-----------------  ----------------  -----------------------  --------------------- 
 Neil Ostrer 
-----------------  ----------------  -----------------------  --------------------- 
 Marathon Asset 
  Management LLP    2.99              0                        2.99 
-----------------  ----------------  -----------------------  --------------------- 
 
 11. In case of proxy voting: [name of the proxy holder] 
  will cease to hold [% and number] voting rights as of 
  [date] 
----------------------------------------------------------------------------------- 
 
 12. Additional information(xvi) : 
  Breakdown of Holdings: 
   Custodian                    Nominal 
  ---------------------------  ---------- 
   Bank of New York Mellon        683,390 
   BNP Paribas Securities 
    Services                       26,990 
   Brown Brothers Harriman         27,628 
   JP Morgan Chase                170,518 
   Northern Trust               1,684,206 
   Royal Bank of Canada             2,946 
   State Street Bank & Trust 
    Company, Boston               970,378 
  ---------------------------  ---------- 
   Total                        3,566,056 
  ---------------------------  ---------- 
 
 
  Note: Marathon Asset Management LLP controls a total 
  of 3,566,056 shares on behalf of underlying investors 
  but only has authority to vote in connection with 2,518,109 
  shares. 
----------------------------------------------------------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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July 13, 2017 10:46 ET (14:46 GMT)