Betfair Group PLC Holding(s) in Company (2635F)
February 18 2015 - 9:30AM
UK Regulatory
TIDMBET
RNS Number : 2635F
Betfair Group PLC
18 February 2015
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
--------------------------------------------------
1. Identity of the issuer or the underlying Betfair Group Plc
issuer
of existing shares to which voting rights
are
attached: (ii)
---------------------------------------------------- ------------------------------------
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 ü
effect to qualifying financial instruments
--------------------------------------------------------------------------------- -------
An event changing the breakdown of voting rights
--------------------------------------------------------------------------------- -------
Other (please
specify):
------------------ ------------------------------------------------------------- -------
3. Full name of person(s) subject Parvus Asset Management Europe Limited
to the
notification obligation: (iii)
------------------------------------------ ----------------------------------------------
4. Full name of shareholder(s) The Parvus Armadillo Fund
(if different from 3.):(iv) The Gallinule Fund
The Caeruleus Fund
Crescent III LP
Vittoria Fund-P, L.P.
The Orange Partners Fund
The Packpar Fund
The Parvatrium Partners Fund
The PAM 1740 Fund
Parvus European Opportunities Master
Fund
Parvus European Absolute Opportunities
Master Fund
------------------------------------------ ----------------------------------------------
5. Date of the transaction and date 16/02/2015
on
which the threshold is crossed
or
reached: (v)
------------------------------------------ ----------------------------------------------
6. Date on which issuer notified: 18/02/2015
------------------------------------------ ----------------------------------------------
7. Threshold(s) that is/are crossed Going above 5%
or
reached: (vi, vii)
------------------------------------------ ----------------------------------------------
8. Notified details:
------------------------------------------------------------------------------------------------------------------------
A: Voting rights attached to shares (viii, ix)
------------------------------------------------------------------------------------------------------------------------
Class/type Situation previous Resulting situation after the triggering
of to the triggering transaction
shares transaction
if
possible
using
the ISIN
CODE
----------- --------------------------------------- ------------------------------------------------------------------
Number Number Number Number of voting % of voting rights
of of of rights (x)
Shares Voting shares
Rights
----------- ---------------- --------------------- --------- ----------------------- ------------------------------
Direct Direct Indirect Direct Indirect
(xi) (xii)
----------- ----- ------- ------- ------ ---- --------- ------------ --------- ------------- ---------------
- - - - - - - -
---------------- --------------------- --------- ------------ --------- ------------- ---------------
B: Qualifying Financial Instruments
------------------------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
------------------------------------------------------------------------------------------------------------------------
Type of financial Expiration Exercise/ Number of voting % of voting
instrument date (xiii) Conversion Period rights that may rights
(xiv) be
acquired if the
instrument is
exercised/ converted.
-------------------- ---------------- ----------------------------- -------------------------- ---------------------
- - - - -
-------------------- ---------------- ----------------------------- -------------------------- ---------------------
C: Financial Instruments with similar economic effect to Qualifying Financial
Instruments (xv, xvi)
------------------------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
------------------------------------------------------------------------------------------------------------------------
Type of Exercise Expiration Exercise/ Number of voting % of voting rights
financial price date (xvii) Conversion rights instrument (xix, xx)
instrument period refers to
(xviii)
------------- -------------- --------------- --------------- --------------------------- --------------------------
Equity Swap N/A N/A N/A 4,669,344 Nominal Delta
------------- -------------- --------------- --------------- --------------------------- ------------ ------------
5.05% -
----------- ----- ------- ------- ------ ---- ------- ---- ------ --------- ------------ ------------
Total (A+B+C)
------------------------------------------------------------------------------------------------------------------------
Number of voting rights Percentage of voting rights
------------------------------------------------------------- ---------------------------------------------------------
4,669,344 5.05%
------------------------------------------------------------- ---------------------------------------------------------
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 Gallinule Fund, The Caeruleus
Fund, Crescent III LP, The Packpar Fund, Parvus European Opportunities
Master Fund, Parvus European Absolute Opportunities Master Fund, The
Orange Partners Fund, The Parvatrium Partners Fund, The PAM 1740 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:
------------------------------------------------------ -------------------------------
TCI Fund Services LLP provides compliance
13. Additional information: 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
----------------------------------------- --------------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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