Punch Taverns PLC Holding(s) in Company (6226N)

TIDMPUB

RNS Number : 6226N

Punch Taverns PLC

27 October 2016

Punch Taverns plc (the "Company")

27 October 2016

TR-1 NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

Punch Taverns plc

2. Reason for the notification (please tick the appropriate box or boxes)

 
 An acquisition or disposal of voting        X 
  rights: 
------------------------------------------ 
 An acquisition or disposal of 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:

Avenue Europe International Management L.P.

4. Full name of shareholder(s) (if different from 3):

Avenue-SLP European Opportunities Fund, L.P.

Avenue Europe Opportunities Master Fund, L.P.

Avenue Europe Special Situations Fund II (Euro), L.P.

Avenue Europe Special Situations Fund II (US), L.P.

Avenue - COPPERS Opportunities Fund, L.P.

Avenue ASRS Europe Opportunities Fund, L.P.

Avenue Europe Special Situations Fund III (Euro), L.P.

Avenue Europe Special Situations Fund III (US), L.P.

5. Date of the transaction (and date on which the threshold if crossed or reached if different):

26 October 2016

6. Date on which issuer notified:

26 October 2016

7. Threshold(s) that is/are crossed or reached:

Above 16%

8. Notified details:

   A:    Voting rights attached to shares 
 
 Class/type of          Situation previous to the 
  shares if possible     triggering transaction 
  using the ISIN 
  CODE 
---------------------  ------------------------------ 
                        Number of    Number of voting 
                         shares       rights 
---------------------  -----------  ----------------- 
 GB00BPXRVT80           29,649,519   29,649,519 
---------------------  -----------  ----------------- 
 
 
 Resulting situation after the triggering 
  transaction 
---------------------------------------------------------- 
 Number        Number of voting       % of voting rights 
  of shares     rights 
------------  ---------------------  --------------------- 
 Direct        Direct    Indirect     Direct     Indirect 
------------  --------  -----------  ---------  ---------- 
 -             -         29,649,519   -          13.36% 
------------  --------  -----------  ---------  ---------- 
 
   B:    Qualifying Financial Instruments 
 
 Resulting situation after the triggering 
  transaction 
----------------------------------------------------------------------------------------- 
 Type of       Expiration   Exercise/Conversion/Period   Number of            % of voting 
  financial     date         Date                         voting rights        rights 
  instrument                                              that may 
                                                          be acquired 
                                                          if the instrument 
                                                          is exercised/ 
                                                          converted 
------------  -----------  ---------------------------  -------------------  ------------ 
 N/A           N/A          N/A                          N/A                  N/A 
------------  -----------  ---------------------------  -------------------  ------------ 
 
   C:    Financial Instruments with similar economic effect to Qualifying Financial Instruments 
 
 Resulting situation after the triggering 
  transaction 
------------------------------------------------------------------------------------------------------------ 
 Type of        Exercise    Expiration    Exercise/Conversion/Period    Number of            % of voting 
  financial      price       date          Date                          voting rights        rights 
  instrument                                                             that may 
                                                                         be acquired 
                                                                         if the instrument 
                                                                         is exercised/ 
                                                                         converted 
-------------  ----------  ------------  ----------------------------  -------------------  ---------------- 
                                                                                             Nominal   Delta 
-------------  ----------  ------------  ----------------------------  -------------------  --------  ------ 
 N/A            N/A         N/A           N/A                           7,014,943            N/A       3.16% 
-------------  ----------  ------------  ----------------------------  -------------------  --------  ------ 
 

Total (A+B+C)

 
 Number of voting rights   % of voting rights 
------------------------  ------------------- 
 36,664,462                16.52% 
------------------------  ------------------- 
 

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:

Avenue - COPPERS Opportunities Fund, L.P.

Avenue Europe Opportunities Master Fund, L.P.

Avenue-SLP European Opportunities Fund, L.P.

Avenue Europe Special Situations Fund II (Euro), L.P.

Avenue Europe Special Situations Fund II (US), L.P.

Avenue ASRS Europe Opportunities Fund, L.P.

Avenue Europe Special Situations Fund III (Euro), L.P.

Avenue Europe Special Situations Fund III (US), L.P.

Funds holdings greater than 3% of voting rights:

Avenue Europe Special Situations Fund II (Euro), L.P.: Number of Shares + Number of CfDs = 9,364,197; Number of Voting Rights = 9,364,197; % of Voting Rights = 4.22%

Avenue Europe Special Situations Fund II (US), L.P.: Number of Shares + Number of CfDs = 10,886,780; Number of Voting Rights = 10,886,780; % of Voting Rights = 4.90%

Proxy Voting:

10. Name of the proxy holder:

N/A

11. Number of voting rights proxy holder will cease to hold:

N/A

12. Date on which proxy holder will cease to hold voting rights:

N/A

13. Additional information:

N/A

14. Contact name:

Francesca Appleby, Financial Reporting Manager

15. Contact telephone number:

01283 501600

This information is provided by RNS

The company news service from the London Stock Exchange

END

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October 27, 2016 04:28 ET (08:28 GMT)