TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi
1. Identity of the issuer or the underlying RIGHTMOVE PLC
issuer
of existing shares to which voting rights are
attached: ii
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights YES
An acquisition or disposal of qualifying financial instruments which may result in the NO
acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to qualifying YES
financial instruments
An event changing the breakdown of voting rights NO
Other (please specify): Please see Box 13 ("Additional Information"), below. N/A
3. Full name of person(s) subject to the TREMBLANT CAPITAL LP
notification obligation: iii
4. Full name of shareholder(s)
(if different from 3.):iv TREMBLANT ASSET MANAGEMENT LP
TREMBLANT PARTNERS MASTER FUND LP
TREMBLANT PARTNERS LP
TREMBLANT CONCENTRATED MASTER FUND LP
TREMBLANT CONCENTRATED FUND LP
5. Date of the transaction and date on 28 JULY 2009
which the threshold is crossed or
reached: v
6. Date on which issuer notified: 30 JULY 2009
7. Threshold(s) that is/are crossed or
reached: vi, vii 10%
8. Notified details:
A: Voting rights attached to shares viii, ix
Class/type of Situation previous Resulting situation after the triggering transaction
shares to the triggering
transaction
if possible
using
the ISIN CODE
Number Number Number Number of voting % of voting rights
of of of shares rights x
Shares Voting
Rights
Direct Direct xi Indirect Direct Indirect
xii
ORDINARY
GB00B2987V85
Tremblant
Partners Master
Fund LP 6,335,305 6,335,305 5,942,831 5.06%
Tremblant
Partners LP Below 3% Below 3% 2,188,481 1.86%
Tremblant
Concentrated
Master Fund LP Below 3% Below 3% 2,713,008 2.31%
Tremblant
Concentrated
Fund LP Below 3% Below 3% 255,764 0.22%
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial Expiration Exercise/ Number of voting % of voting
instrument date xiii Conversion Period xiv rights that may be rights
acquired if the
instrument is
exercised/ converted.
N/A
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi
Resulting situation after the triggering transaction
Type of financial Exercise Expiration Exercise/ Number of voting rights % of voting
instrument price date xvii Conversion period instrument refers to rights xix, xx
xviii
Contract for Nominal Delta
Differences (Tremblant
Concentrated Master
Fund LP) N/A N/A N/A 589,342 Below 3% 1
Contract for Nominal Delta
Differences (Tremblant
Concentrated Fund LP) N/A N/A N/A 55,487 Below 3% 1
Total (A+B+C)
Number of voting rights Percentage of voting rights
11,744,913 9.99%
9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable: xxi
The shares of Rightmove Plc, and the financial instruments relating to such
shares, are held by Tremblant Partners Master Fund LP, Tremblant Partners LP,
Tremblant Concentrated Master Fund LP, and Tremblant Concentrated Fund LP.
Tremblant Capital LP is the investment manager of Tremblant Partners Master Fund
LP and Tremblant Partners LP, and has been granted full discretion to exercise
the voting rights relating to the shares and financial instruments held by these
funds under the related investment management agreements.
Tremblant Asset Management LP is the investment manager of Tremblant
Concentrated Master Fund LP and Tremblant Concentrated Fund LP, and has been
granted full discretion to exercise the voting rights relating to the shares and
financial instruments held by these funds under the related investment
management agreements.
Mr. Brett Barakett is the managing member of the general partners of each of
Tremblant Capital LP and Tremblant Asset Management LP, and therefore has an
indirect interest in all of the voting rights which are the subject of this
notification.
Proxy Voting:
10. Name of the proxy holder:
11. Number of voting rights proxy holder will cease
to hold:
12. Date on which proxy holder will cease to hold
voting rights:
13. Additional information:
14. Contact name: Liz Taylor
15. Contact telephone number: 02070870700
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.