Punch Taverns PLC Holding(s) in Company (7408M)

TIDMPUB

RNS Number : 7408M

Punch Taverns PLC

01 August 2017

Punch Taverns plc (the "Company")

1 August 2017

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

Sand Grove Capital Management LLP

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

Sand Grove Opportunities Master Fund Ltd

Sand Grove Tactical Fund LP

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

28 July 2017

6. Date on which issuer notified:

1 August 2017

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

Above 9%

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 
--------------------  ----------  ----------------- 
 
 
 Resulting situation after the triggering 
  transaction 
------------------------------------------------------- 
 Number       Number of voting     % of voting rights 
  of shares    rights 
-----------  -------------------  --------------------- 
 Direct       Direct    Indirect   Direct     Indirect 
-----------  --------  ---------  ---------  ---------- 
 N/A          N/A       N/A        N/A        N/A 
-----------  --------  ---------  ---------  ---------- 
 
   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 
 
 Type of        Expiration    Exercise/Conversion/Period    Physical       Number of            % of voting 
  financial      date          Date                          or             voting rights        rights 
  instrument                                                 cash           that may 
                                                             settlement     be acquired 
                                                                            if the instrument 
                                                                            is exercised/ 
                                                                            converted 
-------------  ------------  ----------------------------  -------------  -------------------  ------------ 
 EQUITY 
  CFD                                                         CASH         21,663,880           9.760% 
---------------------------------------------------------    -----------  -------------------  ------------ 
 

Total (A+B+C)

 
 Number of voting rights   % of voting rights 
------------------------  ------------------- 
 21,663,880                9.760% 
------------------------  ------------------- 
 

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

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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(END) Dow Jones Newswires

August 01, 2017 05:57 ET (09:57 GMT)