William Hill PLC Holding(s) in Company (9813J)

TIDMWMH

RNS Number : 9813J

William Hill PLC

03 July 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

3 July 2017

TR-1: Standard form for notification of major holdings

 
 NOTIFICATION OF MAJOR HOLDINGS 
------------------------------------------------------------------------------------------------------------------ 
 
 1a. Identity of the issuer or the                                           William Hill Plc 
  underlying issuer of existing shares 
  to which voting rights are attached: 
-----------------------------------------------------  ----------------------------------------------------------- 
 1b. Please indicate if the issuer is a non-UK issuer (please mark with 
  an "X" if appropriate) 
------------------------------------------------------------------------------------------------------------------ 
 Non-UK issuer 
----------------------------------------------------------------------------------------------  ------------------ 
 2. Reason for the notification (please mark the appropriate box or boxes 
  with an "X") 
------------------------------------------------------------------------------------------------------------------ 
 An acquisition or disposal of voting rights 
----------------------------------------------------------------------------------------------  ------------------ 
 An acquisition or disposal of financial instruments                                                     X 
----------------------------------------------------------------------------------------------  ------------------ 
 An event changing the breakdown of voting rights 
----------------------------------------------------------------------------------------------  ------------------ 
 Other (please specify): 
----------------------------------------------------------------------------------------------  ------------------ 
 3. Details of person subject to the notification obligation 
 Name                                                   Parvus Asset Management Europe Limited 
 City and country of registered office                  London, United Kingdom 
  (if applicable) 
 4. Full name of shareholder(s) (if different from 3.) 
------------------------------------------------------------------------------------------------------------------ 
 Name                                                   Parvus Asset Management Europe Limited 
                                                         has been appointed as Investment 
                                                         Manager of 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. 
-----------------------------------------------------  ----------------------------------------------------------- 
 City and country of registered office                  N/A 
  (if applicable) 
-----------------------------------------------------  ----------------------------------------------------------- 
 5. Date on which the threshold was                     29/06/2017 
  crossed or reached: 
-----------------------------------------------------  ----------------------------------------------------------- 
 6. Date on which issuer notified (DD/MM/YYYY):         03/07/2017 
-----------------------------------------------------  ----------------------------------------------------------- 
 7. Total positions of person(s) subject to the notification obligation 
------------------------------------------------------------------------------------------------------------------ 
                                    % of voting          % of voting rights     Total of both    Total number 
                                  rights attached        through financial       in % (8.A +      of voting rights 
                                  to shares (total          instruments              8.B)         of issuer 
                                      of 8. A)             (total of 8.B 
                                                             1 + 8.B 2) 
---------------------------  ------------------------  ---------------------  ----------------  ------------------ 
 Resulting situation 
  on the date 
  on which threshold 
  was crossed 
  or reached                                            135,436,382            15.79%            857,803,030 
-----------------------------------------------------  ---------------------  ----------------  ------------------ 
 Position of 
  previous notification 
  (if 
  applicable)                                           145,811,427            16.9985% 
-----------------------------------------------------  ---------------------  ----------------  ------------------ 
 
 
 8. Notified details of the resulting situation on the date on which the 
  threshold was crossed or reached 
------------------------------------------------------------------------------------------------------------------------ 
 A: Voting rights attached to shares 
------------------------------------------------------------------------------------------------------------------------ 
 Class/type of     Number of voting rights                      % of voting rights 
  shares 
  ISIN code (if 
  possible) 
---------------- 
                         Direct                Indirect                      Direct                       Indirect 
                   (Art 9 of Directive   (Art 10 of Directive          (Art 9 of Directive          (Art 10 of Directive 
                      2004/109/EC)           2004/109/EC)             2004/109/EC) (DTR5.1)             2004/109/EC) 
                        (DTR5.1)              (DTR5.2.1)                                                 (DTR5.2.1) 
----------------  --------------------  ---------------------  ----------------------------------  --------------------- 
 
 SUBTOTAL 8. A 
----------------  -------------------------------------------  --------------------------------------------------------- 
 
 B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC 
  (DTR5.3.1.1 (a)) 
------------------------------------------------------------------------------------------------------------------------ 
 Type of           Expiration            Exercise/              Number of voting                    % of voting 
 financial          date                  Conversion Period      rights that may                     rights 
 instrument                                                      be acquired if 
                                                                 the instrument 
                                                                 is 
                                                                 exercised/converted. 
----------------  --------------------  ---------------------  ----------------------------------  --------------------- 
 
 
 
                                         SUBTOTAL 8. B 1 
                                        ---------------------  ----------------------------------  --------------------- 
 
 B 2: Financial Instruments with similar economic effect according to 
  Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) 
------------------------------------------------------------------------------------------------------------------------ 
 Type of           Expiration            Exercise/              Physical or      Number of          % of voting 
 financial          date                 Conversion              cash             voting rights      rights 
 instrument                              Period                  settlement 
----------------  --------------------  ---------------------  ---------------  -----------------  --------------------- 
 
   Equity Swap       04/12/2017            N/A                    Cash             51,850,882         6.04% 
----------------  --------------------  ---------------------  ---------------  -----------------  --------------------- 
 
   Equity Swap       02/07/2018            N/A                    Cash             1,511,569          0.18% 
----------------  --------------------  ---------------------  ---------------  -----------------  --------------------- 
 
   Equity Swap       11/07/2018            N/A                    Cash             35,963,610         4.19% 
----------------  --------------------  ---------------------  ---------------  -----------------  --------------------- 
 
   Equity Swap       08/08/2018            N/A                    Cash             1,569,986          0.18% 
----------------  --------------------  ---------------------  ---------------  -----------------  --------------------- 
 
   Equity Swap       31/10/2018            N/A                    Cash             2,492,629          0.29% 
----------------  --------------------  ---------------------  ---------------  -----------------  --------------------- 
 
   Equity Swap       21/11/2018            N/A                    Cash             463,856            0.05% 
----------------  --------------------  ---------------------  ---------------  -----------------  --------------------- 
 
   Equity Swap       26/11/2018            N/A                    Cash             41,584,150         4.85% 
----------------  --------------------  ---------------------  ---------------  -----------------  --------------------- 
 
                                                                SUBTOTAL 8.B.2     135,436,682        15.79% 
                                                               ---------------  -----------------  --------------------- 
 
 

 9. Information in relation to the person subject to the notification 
  obligation (please mark the 
  applicable box with an "X") 
 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 
 Full chain of controlled undertakings through which the voting rights                    X 
  and/or the 
  financial instruments are effectively held starting with the ultimate 
  controlling natural person or legal entity (please add additional 
  rows as necessary) 
-----------------------------------------------------------------------------  ---------------------- 
            Name                % of voting rights       % of voting rights       Total of both if 
                                  if it equals or         through financial        it equals or is 
                                   is higher than         instruments if it        higher than the 
                                   the notifiable        equals or is higher     notifiable threshold 
                                     threshold           than the notifiable 
                                                              threshold 
----------------------------  ----------------------  -----------------------  ---------------------- 
 Edoardo Mercadante                                    15.79%                   15.79% 
----------------------------------------------------  -----------------------  ---------------------- 
 Parvus Asset Management 
  (Cayman) Limited                                     15.79%                   15.79% 
----------------------------------------------------  -----------------------  ---------------------- 
 Parvus Asset Management 
  Limited                                              15.79%                   15.79% 
----------------------------------------------------  -----------------------  ---------------------- 
 
 
 10. In case of proxy voting, please identify: 
----------------------------------------------------------------------------------------------------- 
 Name of the proxy holder                              N/A 
----------------------------------------------------  ----------------------------------------------- 
 The number and % of voting rights                     N/A 
  held 
----------------------------------------------------  ----------------------------------------------- 
 The date until which the voting rights                N/A 
  will be held 
----------------------------------------------------  ----------------------------------------------- 
 
 11. Additional information 
----------------------------------------------------------------------------------------------------- 
 
   N/A 
----------------------------------------------------------------------------------------------------- 
 
 
 Place of completion   London, United Kingdom 
--------------------  ----------------------- 
 Date of completion    03/07/2017 
--------------------  ----------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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July 03, 2017 11:45 ET (15:45 GMT)