William Hill PLC Holding(s) in Company (1634G)

TIDMWMH

RNS Number : 1634G

William Hill PLC

24 May 2017

The following notification was received today by William Hill PLC, relating to a major interest in shares of William Hill PLC.

Tom Fuller

Deputy Company Secretary

24 May 2017

 
 TR-1: NOTIFICATION OF MAJOR INTEREST 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): 
------------------------------------------------------------------------------------------------------------------------ 
 An acquisition or disposal of voting rights 
-----------------------------------------------------------------------------  ----------------------------------------- 
 An acquisition or disposal of qualifying financial instruments                                    X 
  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                                           Morgan Stanley (Institutional Securities 
  to the                                                                        Group and Global Wealth Management) 
  notification obligation: 
-----------------------------------------------------------------------  ----------------------------------------------- 
 4. Full name of shareholder(s) 
  (if different from 3.): 
-----------------------------------------------------------------------  ----------------------------------------------- 
 5. Date of the transaction and date                                                        22.05.2017 
  on 
  which the threshold is crossed 
  or 
  reached: 
-----------------------------------------------------------------------  ----------------------------------------------- 
 6. Date on which issuer notified:                                                          24.05.2017 
-----------------------------------------------------------------------  ----------------------------------------------- 
 7. Threshold(s) that is/are crossed                                                           6%* 
  or 
  reached: 
-----------------------------------------------------------------------  ----------------------------------------------- 
 
 
 8. Notified details: 
------------------------------------------------------------------------------------------------------ 
 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      0            0            0             0                       0.00% 
                  -----------  -----------  ------------  -----------  ---------  -------  ----------- 
 
 
 B: Qualifying Financial Instruments 
------------------------------------------------------------------------------------------------------ 
 Resulting situation after the triggering transaction 
------------------------------------------------------------------------------------------------------ 
 Type of           Expiration                Exercise/     Number of    % of voting 
 financial          date                      Conversion   voting        rights 
 instrument                                   Period       rights 
                                                           that may 
                                                           be 
                                                           acquired 
                                                           if the 
                                                           instrument 
                                                           is 
                                                           exercised/ 
                                                           converted. 
----------------  ------------------------  ------------  -----------  ------------------------------- 
 Depositary 
  Receipt                    N/A                 N/A         3,272                 0.0004% 
----------------  ------------------------  ------------  -----------  ------------------------------- 
 Right of recall 
  over 
  securities 
  lending 
  agreements                 N/A                 N/A       51,025,313               5.95% 
----------------  ------------------------  ------------  -----------  ------------------------------- 
 
 C: Financial Instruments with similar economic effect to Qualifying Financial 
  Instruments 
------------------------------------------------------------------------------------------------------ 
 Resulting situation after the triggering transaction 
------------------------------------------------------------------------------------------------------ 
 Type of           Exercise     Expiration   Exercise/     Number of    % of voting rights 
 financial         price        date         Conversion    voting 
 instrument                                  period        rights 
                                                           instrument 
                                                           refers to 
----------------  -----------  -----------  ------------  -----------  ------------------------------- 
                                                                        Nominal           Delta 
----------------  -----------  -----------  ------------  -----------  ---------  -------------------- 
 Call Option 
  (Cash Settled)     322.82     26.07.2017       N/A         69,902       N/A             0.01% 
----------------  -----------  -----------  ------------  -----------  ---------  -------------------- 
 Equity Swap          N/A       28.11.2017       N/A        132,000       N/A             0.02% 
----------------  -----------  -----------  ------------  -----------  ---------  -------------------- 
 Equity Swap          N/A       01.02.2018       N/A         82,000       N/A             0.01% 
----------------  -----------  -----------  ------------  -----------  ---------  -------------------- 
 Equity Swap          N/A       08.10.2018       N/A        161,000       N/A             0.02% 
----------------  -----------  -----------  ------------  -----------  ---------  -------------------- 
 Equity Swap          N/A       31.10.2018       N/A        924,467       N/A             0.11% 
----------------  -----------  -----------  ------------  -----------  ---------  -------------------- 
 Equity Swap          N/A       19.11.2018       N/A         30,000       N/A            0.003% 
----------------  -----------  -----------  ------------  -----------  ---------  -------------------- 
 Equity Swap          N/A       18.01.2019       N/A        552,175       N/A             0.06% 
----------------  -----------  -----------  ------------  -----------  ---------  -------------------- 
 Equity Swap          N/A       28.02.2019       N/A         85,600       N/A             0.01% 
----------------  -----------  -----------  ------------  -----------  ---------  -------------------- 
 Equity Swap          N/A       16.05.2019       N/A         38,340       N/A            0.004% 
----------------  -----------  -----------  ------------  -----------  ---------  -------------------- 
 
 
 Total (A+B+C) 
------------------------------------------------------ 
 Number of voting rights   Percentage of voting rights 
------------------------  ---------------------------- 
 53,104,069                6.19% 
------------------------  ---------------------------- 
 
 
 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 51,307,592 voting rights (5.98%) 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 51,307,592 voting rights 
  (5.98%) 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 51,307,592 voting rights 
  (5.98%) 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 51,307,592 
  voting rights (5.98%) 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 51,307,592 voting rights 
  (5.98%) and is a subsidiary of Morgan Stanley 
 
 Proxy Voting: 
---------------------------------------------------------------------------------------------------------------- 
 10. Name of the proxy holder:                                            N/A 
-----------------------------------------------------------------------  --------------------------------------- 
 11. Number of voting rights proxy holder will                            N/A 
  cease to hold: 
-----------------------------------------------------------------------  --------------------------------------- 
 12. Date on which proxy holder will cease to                             N/A 
  hold 
  voting rights: 
-----------------------------------------------------------------------  --------------------------------------- 
 
                                                                          Morgan Stanley's total holding in 
  13. Additional information:                                              William Hill PLC remains above the 
                                                                           6.00% threshold previously disclosed 
                                                                           however, 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. 
-----------------------------------------------------------------------  --------------------------------------- 
 14. Contact name:                                                        Craig Horsley 
-----------------------------------------------------------------------  --------------------------------------- 
 15. Contact telephone number:                                            [phone] 
-----------------------------------------------------------------------  --------------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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May 24, 2017 12:45 ET (16:45 GMT)