Holding(s) in Company

RNS Number : 4974P
Paddy Power Betfair plc
08 February 2019
 

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 Betfair Plc

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

[ ] 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)iii:

3. Details of person subject to the notification obligationiv :

Name:

Marathon Asset Management LLP

City and country of registered office (if applicable):

London, UK

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

See attached breakdown

5. Date on which the threshold was crossed or reachedvi:

7th February 2019

6. Date on which issuer notified:

8th February 2019

7. Threshold(s) that is/are crossed or reached:

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

3.06

0

3.06

78,429,856

Position of previous notification (if applicable)

2.99

0

2.99


 

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

 

Ordinary Shares IE00BWT6H894


2,398,866


3.06

SUBTOTAL A


2,398,866


3.06


B 1: Financial Instruments according to Regulation 17(1)(a) of the Regulations 

Type of financial instrument

Expiration
date
x

Exercise/
Conversion Period
xi

Number of voting rights that may be acquired if the instrument is exercised/converted.

% of voting rights

None







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
date
x

Exercise/
Conversion Period
xi

Physical or cash settlementxii

Number of voting rights

% of voting rights

None









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 entity
xiv:

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

William Arah




Jeremy Hosking




Neil Ostrer




Marathon Asset Management LLP

3.06

0

3.06


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:

Breakdown of Holdings:

 

Custodian

Nominal

Bank of New York Mellon

516,109

Bank of America Merill Lynch

129,120

Brown Brothers Harriman

1,687

JP Morgan Chase

112,254

Northern Trust

1,278,754

Royal Bank of Canada

2,018

State Street Bank & Trust Company, Boston

1,312,664

Total

3,352,606

 

The shares referred to in this disclosure correspond to a number of funds and accounts managed by portfolio managers under the control of Marathon Asset Management LLP.  The provided breakdown of holdings refer to the total number of shares in Irish Continental Group controlled by Marathon Asset Management LLP but the firm only has authority to vote in connection with 2,398,866 shares.

 

Done at London on 8th February 2019.

 


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END
 
 
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