TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi
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1. Identity of the issuer or the underlying issuer |
Playtech Limited |
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2 Reason for the notification (please tick the appropriate box or boxes): |
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An acquisition or disposal of voting rights |
X |
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An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached |
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An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments |
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An event changing the breakdown of voting rights |
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Other (please specify): |
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3. Full name of person(s) subject to the |
Greenlight Capital, Inc. and each of its affiliates listed below:
DME Advisors, LP DME Capital Management, LP Mr. David Einhorn
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4. Full name of shareholder(s) |
Greenlight Capital, Inc. DME Advisors, LP DME Capital Management, LP
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5. Date of the transaction and date on |
April 10, 2015 |
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6. Date on which issuer notified: |
April 14, 2015 |
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7. Threshold(s) that is/are crossed or |
Crossing below reportable threshold of 3%. |
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8. Notified details: |
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A: Voting rights attached to shares viii, ix |
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Class/type of
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Situation previous |
Resulting situation after the triggering transaction |
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Number |
Number |
Number |
Number of voting |
% of voting rights x |
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Direct |
Direct xi |
Indirect xii |
Direct |
Indirect |
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Ordinary shares |
4,976,752 |
4,976,752 |
4,100,000 |
4,100,000 |
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1.40% |
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VGG7131X1078 |
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B: Qualifying Financial Instruments |
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Resulting situation after the triggering transaction |
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Type of financial |
Expiration |
Exercise/ |
Number of voting |
% of voting |
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C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi |
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Resulting situation after the triggering transaction |
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Type of financial |
Exercise price |
Expiration date xvii |
Exercise/ |
Number of voting rights instrument refers to
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% of voting rights xix, xx
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Total Return Swap |
N/A |
N/A |
N/A |
3,843,896 |
Nominal |
Delta |
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1.31% |
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Total (A+B+C) |
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Number of voting rights |
Percentage of voting rights |
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7,943,896 |
2.71% |
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9. Chain of controlled undertakings through which the voting rights and/or the |
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Shares and financial instruments are held by Greenlight Capital, L.P., Greenlight Capital Qualified, L.P., Greenlight Capital Offshore Partners, Greenlight Reinsurance, Ltd., Greenlight Capital (Gold), LP, and Greenlight Capital Offshore Master (Gold), Ltd.
The investment manager for Greenlight Capital, LP and Greenlight Capital Qualified, LP is Greenlight Capital, Inc., a Delaware corporation ("GCI"). The investment advisor for Greenlight Capital Offshore Partners is GCI. The investment advisor for Greenlight Reinsurance, Ltd. is DME Advisors, LP, a Delaware limited partnership. The investment manager for Greenlight Capital (Gold), LP is DME Capital Management, LP, a Delaware limited partnership ("DMECM"). The investment advisor for Greenlight Capital Offshore Master (Gold), Ltd. is DMECM.
Each of GCI, DME Advisors, LP, and DMECM is controlled by David Einhorn.
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Proxy Voting: |
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10. Name of the proxy holder: |
N/A |
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11. Number of voting rights proxy holder will cease |
N/A |
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12. Date on which proxy holder will cease to hold |
N/A |
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14. Contact name: |
Harry Brandler, Chief Financial Officer |
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15. Contact telephone number: |
1-212-973-1900 |
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