William Hill PLC Holding(s) in Company (2941L)

TIDMWMH

RNS Number : 2941L

William Hill PLC

17 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

17 July 2017

TR-1: Standard form for notification of major holdings

 
 NOTIFICATION OF MAJOR HOLDINGS 
-------------------------------------------------------------------------------------------------- 
 
 1a. Identity of the issuer                                       William Hill Plc 
  or the 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                   London, United Kingdom 
  office (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                   N/A 
  office (if applicable) 
-----------------------------------------------  ------------------------------------------------- 
 5. Date on which the threshold                   13/07/2017 
  was crossed or reached: 
-----------------------------------------------  ------------------------------------------------- 
 6. Date on which issuer notified                 17/07/2017 
  (DD/MM/YYYY): 
-----------------------------------------------  ------------------------------------------------- 
 7. Total positions of person(s) subject to the notification 
  obligation 
-------------------------------------------------------------------------------------------------- 
                       % of voting                % of voting        Total of         Total number 
                        rights attached           rights through      both in %        of voting 
                        to shares                 financial           (8.A + 8.B)      rights of 
                        (total of                 instruments                          issuer 
                        8. A)                     (total of 
                                                  8.B 1 + 8.B 
                                                  2) 
--------------------  -------------------------  -----------------  ---------------  ------------- 
 Resulting 
  situation 
  on the date 
  on which 
  threshold 
  was crossed 
  or reached                                      123,254,415        14.37%           857,803,030 
-----------------------------------------------  -----------------  ---------------  ------------- 
 Position 
  of previous 
  notification 
  (if 
  applicable)                                     135,436,382        15.79% 
-----------------------------------------------  -----------------  ---------------  ------------- 
 
 
 
 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           Number of voting rights                   % of voting rights 
  of 
  shares 
  ISIN code 
  (if possible) 
------------------- 
                              Direct              Indirect                Direct                Indirect 
                             (Art 9 of            (Art 10 of             (Art 9 of              (Art 10 of 
                             Directive            Directive              Directive              Directive 
                            2004/109/EC)         2004/109/EC)           2004/109/EC)           2004/109/EC) 
                              (DTR5.1)            (DTR5.2.1)              (DTR5.1)              (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 financial    Expiration                Exercise/       Number of voting              % of voting 
  instrument           date                      Conversion      rights that                   rights 
                                                 Period          may 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      Number          % of voting 
  financial            date                     Conversion      or cash        of voting       rights 
  instrument                                    Period          settlement     rights 
-------------------  ------------------------  --------------  ------------  --------------  -------------- 
 
   Equity 
   Swap                 04/12/2017                N/A             Cash          41,948,803      4.89% 
-------------------  ------------------------  --------------  ------------  --------------  -------------- 
 
   Equity 
   Swap                 02/07/2018                N/A             Cash          1,393,421       0.16% 
-------------------  ------------------------  --------------  ------------  --------------  -------------- 
 
   Equity 
   Swap                 11/07/2018                N/A             Cash          33,420,964      3.90% 
-------------------  ------------------------  --------------  ------------  --------------  -------------- 
 
   Equity 
   Swap                 07/08/2018                N/A             Cash          489,648         0.06% 
-------------------  ------------------------  --------------  ------------  --------------  -------------- 
 
   Equity 
   Swap                 08/08/2018                N/A             Cash          1,499,565       0.17% 
-------------------  ------------------------  --------------  ------------  --------------  -------------- 
 
   Equity 
   Swap                 31/10/2018                N/A             Cash          2,344,108       0.27% 
-------------------  ------------------------  --------------  ------------  --------------  -------------- 
 
   Equity 
   Swap                 21/11/2018                N/A             Cash          375,579         0.04% 
-------------------  ------------------------  --------------  ------------  --------------  -------------- 
 
   Equity 
   Swap                 26/11/2018                N/A             Cash          41,342,764      4.82% 
-------------------  ------------------------  --------------  ------------  --------------  -------------- 
 
   Equity 
   Swap                 28/06/2019                N/A             Cash          198,177         0.02% 

-------------------  ------------------------  --------------  ------------  --------------  -------------- 
 
   Equity 
   Swap                 05/07/2019                N/A             Cash          241,386         0.03% 
-------------------  ------------------------  --------------  ------------  --------------  -------------- 
                                                                SUBTOTAL 
                                                                 8.B.2          123,254,415     14.37% 
                                                               ------------  --------------  -------------- 
 
 
 
 
 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                          X 
  the voting rights 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           % of voting            Total of both 
                           rights if it         rights through           if it equals 
                           equals or is      financial instruments       or is higher 
                            higher than          if it equals         than the notifiable 
                          the notifiable         or is higher              threshold 
                             threshold        than the notifiable 
                                                   threshold 
----------------------  -----------------  -----------------------  --------------------- 
 Edoardo Mercadante                         14.37%                   14.37% 
-----------------------------------------  -----------------------  --------------------- 
 Parvus Asset 
  Management (Cayman) 
  Limited                                   14.37%                   14.37% 
-----------------------------------------  -----------------------  --------------------- 
 Parvus Asset 
  Management Limited                        14.37%                   14.37% 
-----------------------------------------  -----------------------  --------------------- 
 
 
 10. In case of proxy voting, please identify: 
----------------------------------------------------------------------------------------- 
 Name of the proxy holder                   N/A 
-----------------------------------------  ---------------------------------------------- 
 The number and % of voting                 N/A 
  rights held 
-----------------------------------------  ---------------------------------------------- 
 The date until which the                   N/A 
  voting rights will be held 
-----------------------------------------  ---------------------------------------------- 
 11. Additional information 
----------------------------------------------------------------------------------------- 
 
   N/A 
----------------------------------------------------------------------------------------- 
 
 
 
 Place of completion   London, United Kingdom 
--------------------  ----------------------- 
 Date of completion    17/07/2017 
--------------------  ----------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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July 17, 2017 12:00 ET (16:00 GMT)