Holding(s) in Company

RNS Number : 5662R

Paddy Power Betfair plc

12 December 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 Betfair 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: The Capital Group Companies, Inc.		City and country of registered office (if applicable): Los Angeles, California 90071 U.S.A.
4. Full name of shareholder(s) (if different from 3.)v: See Box 10
5. Date on which the threshold was crossed or reachedvi: 08 December 2016
6. Date on which issuer notified: 09 December 2016
7. Threshold(s) that is/are crossed or reached:  Above 10% - Aggregate of voting rights from shares
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	10.0788%	0.0000%	10.0788%	83,977,995
Position of previous notification (if applicable)	9.0274%	0.0000%	9.0274%

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 (ISIN: IE00BWT6H894)				8,464,010				10.0788%
SUBTOTAL A				8,464,010				10.0788%
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
Not applicable
			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
Not applicable
					SUBTOTAL B.2

10. Information in relation to the person subject to the notification obligation [ ] 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
The Capital Group Companies, Inc. Holdings by CG Management companies are set out below:	10.0788%	0.0000%	10.0788%
Capital Research and Management Company1	10.0788%	0.0000%	10.0788%
EuroPacific Growth Fund2 (Direct shareholding that does not exercise its own voting shares. Voting shares are exercised by CRMC)	See box 12
1.        Wholly-owned subsidiary of The Capital Group Companies, Inc. 2.        Mutual fund managed by Capital Research and Management Company.
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: The Capital Group Companies, Inc. ("CGC") is the parent company of Capital Research and Management Company ("CRMC").  CRMC is a U.S.-based investment management company that manages the American Funds family of mutual funds.  CRMC manages equity assets for various investment companies through three divisions, Capital Research Global Investors, Capital International Investors and Capital World Investors.  CRMC in turn is the parent company of Capital Group International, Inc. ("CGII"), which in turn is the parent company of five investment management companies ("CGII management companies"): Capital Guardian Trust Company, Capital International, Inc., Capital International Limited, Capital International Sàrl and Capital International K.K.  The CGII management companies primarily serve as investment managers to institutional clients. Neither CGC nor any of its affiliates own shares of your company for its own account.  Rather, the shares reported on this Notification are owned by accounts under the discretionary investment management of one or more of the investment management companies described above. This notice is due to CGC and CRMC increasing above 10% of voting rights. EuroPacific Growth Fund ("EUPAC") is a mutual fund registered in the United States under the Investment Company Act of 1940. EUPAC is the legal owner of 5,600,736 ordinary shares (6.6693% of the outstanding shares) and it has granted proxy voting authority to its investment adviser CRMC. EUPAC has made a separate notification disclosing its holdings as of 29 November 2016.

Done at Los Angeles, California on 09 December 2016

 

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