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PPB Paddy Power Betfair Plc

5,676.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Paddy Power Betfair Plc LSE:PPB London Ordinary Share IE00BWT6H894 ORD EUR0.09
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 5,676.00 5,694.00 5,700.00 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Paddy Power Betfair plc Holding(s) in Company (6115R)

22/09/2017 3:03pm

UK Regulatory


Paddy Power Betfair (LSE:PPB)
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From Mar 2019 to Mar 2024

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TIDMPPB

RNS Number : 6115R

Paddy Power Betfair plc

22 September 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): 
  [ ] An acquisition or disposal of voting rights 
  [X] 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 
  Parvus Asset Management                office (if applicable): 
  Europe Limited                         London, United Kingdom 
-------------------------------------  ---------------------------------------------- 
 4. Full name of shareholder(s) (if different from 3.)(v) 
  : 
  Parvus Asset Management Europe Limited has been appointed 
  as Investment Manager to a number of funds and managed 
  accounts. Under the terms of the various investment 
  management agreements, Parvus Asset Management Europe 
  Limited holds the power to vote any physical shareholdings 
  held by these clients. No individual client holds voting 
  rights which equal or exceed the notifiable threshold. 
------------------------------------------------------------------------------------- 
 5. Date on which the threshold was crossed or reached(vi) 
  : 
  20 September 2017 
------------------------------------------------------------------------------------- 
 6. Date on which issuer notified: 
  22 September 2017 
------------------------------------------------------------------------------------- 
 7. Threshold(s) that is/are crossed or reached: 
  Going above 7% in aggregate. 
  Going above 7% in equity swaps. 
------------------------------------------------------------------------------------- 
 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                0%               7.01%           7.01%        84,396,097 
------------------  -----------------  ----------------  -------------  ------------- 
 Position 
  of previous 
  notification 
  (if applicable)           0%               6.11%           6.11% 
------------------  -----------------  ----------------  -------------  ------------- 
 
 
 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 
------------------  --------------------  ---------------  -------------------  ------------------------------ 
 
 
 
 SUBTOTAL 
  A 
------------------  --------------------  ---------------  -------------------  ------------------------------ 
 
 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. 
-------------------  ------------------  ----------------  --------------------------------  ----------------- 
 
 
 
                                          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) 
------------------  -------------------  ---------------  --------------------  -----------  ----------------- 
       Equity Swap           04/12/2017              N/A                  Cash      357,449              0.42% 
------------------  -------------------  ---------------  --------------------  -----------  ----------------- 
       Equity Swap           03/05/2018              N/A                  Cash    2,979,734              3.53% 
------------------  -------------------  ---------------  --------------------  -----------  ----------------- 
       Equity Swap           03/07/2018              N/A                  Cash      161,508              0.19% 
------------------  -------------------  ---------------  --------------------  -----------  ----------------- 
       Equity Swap           07/08/2018              N/A                  Cash       26,813              0.03% 
------------------  -------------------  ---------------  --------------------  -----------  ----------------- 
       Equity Swap           11/03/2019              N/A                  Cash    2,151,747              2.55% 
------------------  -------------------  ---------------  --------------------  -----------  ----------------- 
       Equity Swap           05/07/2019              N/A                  Cash       21,932              0.03% 
------------------  -------------------  ---------------  --------------------  -----------  ----------------- 
       Equity Swap           12/07/2019              N/A                  Cash      219,328              0.26% 
------------------  -------------------  ---------------  --------------------  -----------  ----------------- 
                                                                      SUBTOTAL 
                                                                           B.2    5,918,511              7.01% 
                                       --------------------                     -----------  ----------------- 
 
 
 
 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) : 
  Parvus Asset Management Europe Limited is controlled 
  by Parvus Asset Management Limited and Oakentree Limited. 
  Parvus Asset Management Limited is in turn controlled 
  by Parvus Asset Management (Cayman) Limited, which is 
  controlled by Edoardo Mercadante. 
  Oakentree Limited is in turn controlled by Mads Gensmann. 
  Messrs Mercadante and Gensmann are directors of Parvus 
  Asset Management Europe Limited, which company holds 
  the power to vote these shares. 
 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 
---------  ----------------  -----------------------  --------------------- 
 
 
 
 
 
 
 11. In case of proxy voting: [name of the proxy holder] 
  will cease to hold [% and number] voting rights as of 
  [date] 
 
  N/A 
--------------------------------------------------------------------------- 
 
 12. Additional information(xvi) : 
 
 
  N/A 
--------------------------------------------------------------------------- 
 

Done at London on 22 September 2017.

This information is provided by RNS

The company news service from the London Stock Exchange

END

HOLLTMITMBMTBTR

(END) Dow Jones Newswires

September 22, 2017 10:03 ET (14:03 GMT)

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