Form 8 (OPD) Paddy Power plc

RNS Number : 5274Y

Paddy Power plc

09 September 2015

 



FORM 8 (OPD)

PUBLIC OPENING POSITION DISCLOSURE BY A PARTY TO AN OFFER

Rules 8.1 and 8.2 of the Takeover Code (the "Code")

1.         KEY INFORMATION

(a) Full name of discloser:	Paddy Power plc
(b) Owner or controller of interests and short positions disclosed, if different from 1(a):      The naming of nominee or vehicle companies is insufficient.  For a trust, the trustee(s), settlor and beneficiaries must be named.
(c) Name of offeror/offeree in relation to whose relevant securities this form relates:      Use a separate form for each offeror/offeree	Paddy Power plc
(d) Is the discloser the offeror or the offeree?	OFFEROR
(e) Date position held:      The latest practicable date prior to the disclosure	9 September 2015
(f)  In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?      If it is a cash offer or possible cash offer, state "N/A"	Disclosure made in respect of Betfair Group plc on 7 September 2015

2.         POSITIONS OF THE PARTY TO THE OFFER MAKING THE DISCLOSURE

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

(a)        Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates

Class of relevant security:	Ordinary shares of €0.09 each
	Interests		Short positions
	Number	%	Number	%
(1) Relevant securities owned and/or controlled:	Nil		Nil
(2) Cash-settled derivatives:	Nil		Nil
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	Nil		Nil
TOTAL:	Nil		Nil

All interests and all short positions should be disclosed.

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).

(b)        Rights to subscribe for new securities

Class of relevant security in relation to which subscription right exists:	Nil
Details, including nature of the rights concerned and relevant percentages:	Nil

3.         POSITIONS OF PERSONS ACTING IN CONCERT WITH THE PARTY TO THE OFFER MAKING THE DISCLOSURE

Details of any interests, short positions and rights to subscribe (including directors' and other employee options) of any person acting in concert with the party to the offer making the disclosure:

a)   Beneficial holdings of directors of Paddy Power plc in its ordinary shares:  Name Position Number of shares Percentage holding  Andy McCue Chief Executive Officer 21,938 0.050% Gary McGann Chairman 610 0.001% Cormac McCarthy Chief Financial Officer 16,443 0.037% Michael Cawley Non-Executive Director 3,600 0.008% Stewart Kenny Non-Executive Director 354,651 0.805% Pádraig Ó Ríordáin Non-Executive Director 7,200 0.016%  b)   Options and awards held by directors of Paddy Power plc in its ordinary shares  Andy McCue  Name of Plan Shares in respect of which options granted Exercise Price Exercise Date / Vesting Date (Note) Paddy Power Share Save Scheme (2014, 5 Year)       778 €39.60  04-Dec-19 Paddy Power LTIP 2004 Paddy Power LTIP 2013 Paddy Power LTIP 2013 Paddy Power LTIP 2013     6,136     18,396   18,835   30,257 Nil Nil Nil Nil   05-Mar-16 14-May-16 04-Mar-17 03-Mar-18 Total:   74,402  Cormac McCarthy Name of Plan Shares in respect of which options granted Exercise Price Exercise Date / Vesting Date (Note) Paddy Power Share Save Scheme (2013, 5 Year) 676 €45.52 04-Dec-18 Paddy Power LTIP 2013 Paddy Power LTIP 2013 Paddy Power LTIP 2013  18,396  18,835  13,753 Nil Nil Nil 14-May-16 04-Mar-17 03-Mar-18 Total: 51,660 (Note: LTIP awards are subject to the rules of the schemes and will vest if growth performance targets are met over the allowable vesting period. Where exercise / vesting may take place over a period of time, the earliest date is stated above)

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).

4.         OTHER INFORMATION

(a)        Indemnity and other dealing arrangements

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the party to the offer making the disclosure or any person acting in concert with it: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state "none"

None

(b)        Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the party to the offer making the disclosure, or any person acting in concert with it, and any other person relating to: (i)  the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state "none"

None

(c)        Attachments

Are any Supplemental Forms attached?

Supplemental Form 8 (Open Positions)	NO
Supplemental Form 8 (SBL)	NO

Date of disclosure:	9 September 2015
Contact name:	Barry Knowles
Telephone number:	[phone]

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at [e-mail].  The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on [phone].

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

 

END

 

 

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