William Hill PLC Holding(s) in Company (8853M)

TIDMWMH

RNS Number : 8853M

William Hill PLC

19 October 2016

The following notification was received yesterday by William Hill PLC, relating to major interests in shares of William Hill PLC.

Tom Fuller

Assistant Company Secretary

19 October 2016

 
 TR-1: NOTIFICATION OF MAJOR INTERESTS IN SHARES 
------------------------------------------------------------------------------------------------------------------------ 
 
 1. Identity of the issuer or the underlying                                              William Hill PLC 
  issuer of existing shares to which voting 
  rights are attached: 
-------------------------------------------------------------------------  --------------------------------------------- 
 2 Reason for the notification (please tick the appropriate box or boxes): 
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 An acquisition or disposal of voting rights 
-----------------------------------------------------------------------------  ----------------------------------------- 
 An acquisition or disposal of qualifying financial instruments 
  which may result in the acquisition of shares already issued to 
  which voting rights are attached 
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 An acquisition or disposal of instruments with similar economic                                   X 
  effect to qualifying financial instruments 
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 An event changing the breakdown of voting rights 
-----------------------------------------------------------------------------  ----------------------------------------- 
 Other (please specify): 
---------------------------------------------------------------------  ------  ----------------------------------------- 
 3. Full name of person(s) subject                                           Morgan Stanley (Institutional Securities 
  to the                                                                        Group and Global Wealth Management) 
  notification obligation: 
-----------------------------------------------------------------------  ----------------------------------------------- 
 4. Full name of shareholder(s) 
  (if different from 3.): 
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 5. Date of the transaction and date                                                        14.10.2016 
  on 
  which the threshold is crossed 
  or 
  reached: 
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 6. Date on which issuer notified:                                                          18.10.2016 
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 7. Threshold(s) that is/are crossed                                                           8%* 
  or 
  reached: 
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 8. Notified details: 
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 A: Voting rights attached to shares 
---------------------------------------------------------------------------------------------------------------------- 
 Class/type     Situation previous               Resulting situation after the triggering 
 of              to the triggering                transaction 
 shares          transaction 
 
 if possible 
 using 
 the ISIN 
 CODE 
-------------  -------------------------------  ---------------------------------------------------------------------- 
                Number            Number         Number            Number of voting             % of voting 
                 of                of             of shares         rights                       rights 
                 Shares            Voting 
                                   Rights 
-------------  ----------------  -------------  ----------------  ---------------------------  ----------------------- 
                                                 Direct            Direct        Indirect       Direct     Indirect 
-------------    ------------    -----------    ----------------  ------------  -------------  ---------  ------------ 
 GB0031698896   24,362,604        24,362,604     20,118,247        20,118,247                   2.31% 
               ----------------  -------------  ----------------  ------------  -------------  ---------  ------------ 
 
 
 B: Qualifying Financial Instruments 
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 Resulting situation after the triggering transaction 
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 Type of          Expiration                   Exercise/         Number of voting    % of voting 
 financial         date                         Conversion       rights that may      rights 
 instrument                                     Period           be 
                                                                 acquired if the 
                                                                 instrument is 
                                                                 exercised/ 
                                                                 converted 
---------------  ---------------------------  ----------------  ------------------  ---------------------------------- 
 Call Option 
 (Physically 
 Settled)                 18.11.2016                 N/A              241,000                      0.03% 
---------------  ---------------------------  ----------------  ------------------  ---------------------------------- 
 Depositary 
 Receipt                     N/A                     N/A               5,012                       0.00% 
---------------  ---------------------------  ----------------  ------------------  ---------------------------------- 
 
 C: Financial Instruments with similar economic effect to Qualifying Financial 
  Instruments 
---------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------- 
 Type of        Exercise        Expiration     Exercise/       Number of voting    % of voting rights 
 financial      price           date           Conversion      rights instrument 
 instrument                                    period          refers to 
-------------  --------------  -------------  --------------  ------------------  ------------------------------------ 
                                                                                     Nominal             Delta 
-------------  --------------  -------------  --------------  ------------------  -------------  --------------------- 
 Equity Swap         N/A         21.10.2016         N/A           13,000,000           N/A               1.50% 
-------------  --------------  -------------  --------------  ------------------  -------------  --------------------- 
 Equity Swap         N/A         27.10.2016         N/A           27,000,000           N/A               3.11% 
-------------  --------------  -------------  --------------  ------------------  -------------  --------------------- 
 Equity Swap         N/A         28.12.2016         N/A            6,195,277           N/A               0.71% 
-------------  --------------  -------------  --------------  ------------------  -------------  --------------------- 
 Equity Swap         N/A         06.06.2017         N/A             42,532             N/A               0.00% 
-------------  --------------  -------------  --------------  ------------------  -------------  --------------------- 
 Equity Swap         N/A         27.10.2017         N/A            1,515,762           N/A               0.17% 
-------------  --------------  -------------  --------------  ------------------  -------------  --------------------- 
 Equity Swap         N/A         03.04.2018         N/A            2,266,692           N/A               0.26% 
-------------  --------------  -------------  --------------  ------------------  -------------  --------------------- 
 Total (A+B+C) 
---------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                       Percentage of voting rights 
------------------------------------------------------------  -------------------------------------------------------- 
 70,384,522                                                    8.10% 
------------------------------------------------------------  -------------------------------------------------------- 
 
 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the 
  financial instruments are effectively held, if applicable: 
---------------------------------------------------------------------------------------------------------------- 
 Morgan Stanley & Co. International plc, Legal & Compliance Department, 
  25 Cabot Square, Canary Wharf, London, E14 4QA, UNITED KINGDOM. is a 
  direct holder of 64,184,233 voting rights (7.38%) and is a subsidiary 
  of Morgan Stanley Investments (UK) 
 
  Morgan Stanley Investments (UK), 20 Bank Street, Canary Wharf, London, 
  E14 4AD, UNITED KINGDOM. is an indirect holder of 64,184,233 voting rights 
  (7.38%) and is a subsidiary of Morgan Stanley UK Group 
 
  Morgan Stanley UK Group, 25 Cabot Square, LNCS/5, Canary Wharf, London, 
  E14 4QA, UNITED KINGDOM. is an indirect holder of 64,184,233 voting rights 

  (7.38%) and is a subsidiary of Morgan Stanley International Limited 
 
  Morgan Stanley International Limited, 25 Cabot Square, Canary Wharf, 
  London, E14 4QA, UNITED KINGDOM. is an indirect holder of 64,184,233 
  voting rights (7.38%) and is a subsidiary of Morgan Stanley International 
  Holdings Inc. 
 
  Morgan Stanley International Holdings Inc., c/o The Corporation Trust 
  Company (DE), Corporation Trust Center, 1209 Orange Street, Wilmington, 
  Delaware, 19801, USA. is an indirect holder of 64,184,233 voting rights 
  (7.38%) and is a subsidiary of Morgan Stanley 
 
 Proxy Voting: 
---------------------------------------------------------------------------------------------------------------- 
 10. Name of the proxy holder:                                            N/A 
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 11. Number of voting rights proxy holder will                            N/A 
  cease 
  to hold: 
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 12. Date on which proxy holder will cease to                             N/A 
  hold 
  voting rights: 
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                                                                          Morgan Stanley's total holding in 
  13. Additional information:                                              William Hill PLC remains above the 
                                                                           8.00% threshold previously disclosed, 
                                                                           this notification is being made on 
                                                                           the basis that Morgan Stanley & Co. 
                                                                           International plc, a wholly owned 
                                                                           subsidiary of Morgan Stanley, has 
                                                                           crossed a relevant threshold in its 
                                                                           own right. 
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 14. Contact name:                                                        Craig Horsley 
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 15. Contact telephone number:                                            [phone] 
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This information is provided by RNS

The company news service from the London Stock Exchange

END

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October 19, 2016 04:30 ET (08:30 GMT)