Holding(s) in Company

RNS Number : 7163F

Paddy Power plc

13 November 2015

 



Standard Form TR-1
Voting rights attached to shares- Article 12(1) of directive 2004/109/EC
Financial instruments - Article 11(3) of the Commission Directive 2007/14/ECⁱ

1.         Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached ii:  Paddy Power Plc

2.         Reason for the notification (please tick the appropriate box or boxes):

[ü]    an acquisition or disposal of voting rights

[ ]      an acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

[ ]      an event changing the breakdown of voting rights

3.         Full name of person(s) subject to the notification obligationⁱⁱⁱ: Parvus Asset Management Europe Limited

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

Crescent III LP

The Caeruleus Fund

The PAM 1740 Fund

The Parvus Armadillo Fund

Vittoria Fund-P, L.P.

The Orange Partners Fund

The Packpar Fund

The Parvatrium Partners Fund

Parvus European Opportunities Master Fund

Parvus European Absolute Opportunities Master Fund 

5.         Date of the transaction and date on which the threshold is crossed or reached^v: 12 November 2015

6.         Date on which issuer notified; 13 November 2015

7.         Threshold(s) that is/are crossed or reached: Going below 8%

8.         Notified details:

1.    

1.     1.     1.    

A) Voting rights attached to shares
Class/type of shares (if possible using the ISIN CODE)	Situation previous to the Triggering transaction vi		Resulting situation after the triggering transactionvii
	Number of Sharesviii	Number of Voting rightsix	Number of sharesx	Number of voting rightsxi		% of voting rights
			Direct	Directxii	Indirectxiii	Direct	Indirect
IE00BWT6H894	3,543,335	3,543,335	3,485,935	3,485,935		7.91%
SUBTOTAL A (based on aggregate voting rights)	3,543,335	3,543,335	3,485,935	3,485,935		7.91%

B) Financial Instruments
Resulting situation after the triggering transactionxiv
Type of financial instrument	Expiration Datexv	Exercise/Conversion  Period/ Datexvi	Number of voting rights that may be acquired if the instrument is exercised/converted	% of voting rights
-	-	-	-	-
		SUBTOTAL B (in relation to all expiration dates)	-	-

Total (A+B)	number of voting rights	% of voting rights
3,485,935	3,485,935	7.91%

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

Parvus Asset Management Europe Limited has been appointed as Investment Manager to Crescent III LP, The Caeruleus Fund, The PAM 1740 Fund, The Parvus Armadillo Fund, The Vittoria Fund - P, L.P., The Orange Partners Fund, The Packpar Fund, The Parvatrium Partners Fund, Parvus European Opportunities Master Fund and Parvus European Absolute Opportunities Master Fund.

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.

10.       In case of proxy voting: N/A

11.       Additional information: N/A

Done at London on 13 November 2015 

Angus Milne

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