Holding(s) in Company

RNS Number : 4612L

Paddy Power plc

11 January 2016

 



Standard Form TR-1

Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the Central Bank of Ireland)i
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii: Paddy Power PLC
2. Reason for the notification (please tick the appropriate box or boxes): [x ] An acquisition or disposal of voting rights [ ] An acquisition or disposal of financial instruments [ ] An event changing the breakdown of voting rights [ ] Other (please specify)iii:
3. Details of person subject to the notification obligationiv :
Name: Threadneedle Asset Management Limited		City and country of registered office (if applicable): London, England
4. Full name of shareholder(s) (if different from 3.)v: Vidacos Nominees Ltd Bank Lombard Odier & Co Ltd Nortrust Nominees LTD HSBC Global Custody Nominees (UK) Ltd Chase Nominees Ltd Securities Services Nominees Limited State Street Bank & Trust Boston BNY (OCS) Nominees Ltd BNP Paribas Nominees Pty Limited Please note Threadneedle Asset Manager Limited ("TAML") is a discretionary investment manager. A number of different investment funds and institutional clients managed by TAML are shareholders of the issuer. These funds and institutional clients have delegated voting rights to TAML. The above entities are the nominee companies used to hold the shares in the issuer for and on behalf of the various shareholders.
5. Date on which the threshold was crossed or reachedvi: 06/01/2016
6. Date on which issuer notified: 08/01/2016
7. Threshold(s) that is/are crossed or reached: Above 3%
8. Total positions of person(s) subject to the notification obligation:
	% of voting rights attached to shares (total of 9.A)	% of voting rights through financial instruments (total of 9.B.1 + 9.B.2)	Total of both in % (9.A + 9.B)	Total number of voting rights of issuervii
Resulting situation on the date on which threshold was crossed or reached	3.042%	0%	3.042%	44,106,553
Position of previous notification (if applicable)	Not Applicable	Not Applicable	Not Applicable

9. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii:
A: Voting rights attached to shares
Class/type of shares ISIN code (if possible)	Number of voting rightsix					% of voting rights
	Direct			Indirect		Direct		Indirect
IE00BWT6H894				1,341,667				3.042%
SUBTOTAL A				1,341,667				3.042%
B 1: Financial Instruments according to Regulation 17(1)(a) of the Regulations
Type of financial instrument		Expiration datex	Exercise/ Conversion Periodxi			Number of voting rights that may be acquired if the instrument is exercised/converted.			% of voting rights
			SUBTOTAL B.1
B 2: Financial Instruments with similar economic effect according to Regulation 17(1)(b) of the Regulations
Type of financial instrument	Expiration datex		Exercise/ Conversion Period xi		Physical or cash settlementxii		Number of voting rights		% of voting rights
					SUBTOTAL B.2

10. Information in relation to the person subject to the notification obligation (please tick the applicable box): [ ] 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.xiii [x ] Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv:
Namexv	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial instruments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold
Ameriprise Financial, Inc.	3.042		3.042
Ameriprise International Holdings GmbH	3.042		3.042
Threadneedle Asset Management Holdings Sàrl	3.042		3.042
Threadneedle Holdings Limited	3.042		3.042
TAM UK Holdings Limited	3.042		3.042
Threadneedle Asset Management Holdings Limited	3.042		3.042
TC Financing Limited	3.042		3.042
Threadneedle Asset Management Limited	3.042		3.042
11. In case of proxy voting: [name of the proxy holder] will cease to hold [% and number] voting rights as of [date]
12. Additional informationxvi: For clarity to the market: ·     Threadneedle Asset Management Limited is not the only controlled entity within the Ameriprise Financial, Inc. group of companies to hold Paddy Power Plc. The total holding attributable to Ameriprise Financial, Inc. effective 6th January 2016 is 3.12% ·     A TR-1 notification effective 18th December 2015 was submitted on 22nd December 2015 showing the Ameriprise Financial, Inc. group holding crossing the 3% threshold upwards.  Since that disclosure the Threadneedle Asset Management Limited holding has increased from 2.98% to 3.04% and the Columbia Management Investment Advisers, LLC holding has remained static at 0.08%.

Done at Threadneedle Asset Management Holdings Ltd, Holbrook House, Station Road, Swindon SN1 1HH on 8^th January 2016.

 

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