Holding(s) in Company

RNS Number : 6191H

Paddy Power plc

01 December 2015

 



For filings with the FCA include the annex
For filings with issuer exclude the annex
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

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):
An acquisition or disposal of voting rights
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments
An event changing the breakdown of voting rights
Other (please specify): Baseline Disclosure (Transparency Directive 2)					ü
3. Full name of person(s) subject to the notification obligation: iii		Parvus Asset Management Europe Limited
4. Full name of shareholder(s)  (if different from 3.):iv		The Parvus Armadillo Fund The Caeruleus Fund Crescent III LP The Orange Partners Fund The Packpar Fund The PAM 1740 Fund The Parvatrium Partners Fund Parvus European Opportunities Master Fund Parvus European Absolute Opportunities Master Fund  Vittoria Fund-P, L.P
5. Date of the transaction and date on which the threshold is crossed or reached: v		26/11/2015
6. Date on which issuer notified:		01/12/2015
7. Threshold(s) that is/are crossed or reached: vi, vii		Going above 5%

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type of shares if possible using the ISIN CODE

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of Shares

Number of Voting Rights

Number of shares

Number of voting rights

% of  voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

2,868,280

2,868,280

2,868,280

2,868,280

-

6.51

-

Equity IE00BWT6H894

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date xiii

Exercise/ Conversion Period xiv

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

% of voting rights

-

-

-

-

-

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date xvii

Exercise/ Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

Equity Swap

N/A

N/A

N/A

36,082

Nominal

Delta

0.08

-

Total (A+B+C)

Number of voting rights

Percentage of voting rights

2,904,362

6.59

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
Parvus Asset Management Europe Limited has been appointed as Investment Manager to The Parvus Armadillo Fund, The Caeruleus Fund, Crescent III LP, The Orange Partners Fund, The Packpar Fund, The PAM 1740 Fund, The Parvatrium Partners Fund, Parvus European Opportunities Master Fund, Parvus European Absolute Opportunities Master Fund and The Vittoria Fund - P, L.P. Under the terms of the various investment management agreements, Parvus Asset Management Europe Limited holds the power to vote on any physical shareholdings held by these clients.
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:	TCI Fund Services LLP provides compliance services to Parvus Asset Management Europe Limited and is completing this disclosure on behalf of Parvus Asset Management Europe Limited. Please contact Angus Milne for any further information.
14. Contact name:	Angus Milne
15. Contact telephone number:	0207 440 2330

 

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