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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 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMPPB
RNS Number : 0892K
Paddy Power Betfair plc
16 September 2016
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) : 12 September 2016 ------------------------------------------------------------------------------------- 6. Date on which issuer notified: 14 September 2016 ------------------------------------------------------------------------------------- 7. Threshold(s) that is/are crossed or reached: Going above 3% 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% 3.02% 3.02% 83,853,834 ------------------ ----------------- ---------------- ------------- ------------- Position of previous notification (if applicable) 0% 2.89% 2.89% ------------------ ----------------- ---------------- ------------- ------------- 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 04/10/2016 N/A Cash 23,379 0.03% ------------------ ------------------- --------------- -------------------- ----------- ----------------- Equity Swap 30/11/2016 N/A Cash 299,709 0.36% ------------------ ------------------- --------------- -------------------- ----------- ----------------- Equity Swap 10/03/2017 N/A Cash 385,330 0.46% ------------------ ------------------- --------------- -------------------- ----------- ----------------- Equity Swap 28/04/2017 N/A Cash 1,804,298 2.15% ------------------ ------------------- --------------- -------------------- ----------- ----------------- Equity Swap 30/06/2017 N/A Cash 8,401 0.01% ------------------ ------------------- --------------- -------------------- ----------- ----------------- Equity Swap 05/07/2018 N/A Cash 9,992 0.01% ------------------ ------------------- --------------- -------------------- ----------- ----------------- SUBTOTAL B.2 2,531,109 3.02% -------------------- ----------- ----------------- 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 14 September 2016.
This information is provided by RNS
The company news service from the London Stock Exchange
END
HOLLFMBTMBABBFF
(END) Dow Jones Newswires
September 16, 2016 07:58 ET (11:58 GMT)
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