Paddy Power Betfair plc Holding(s) in Company (0354L)
July 13 2017 - 10:46AM
UK Regulatory
TIDMPPB
RNS Number : 0354L
Paddy Power Betfair plc
13 July 2017
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 attached(ii)
:
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 obligation(iv)
:
Name: City and country of registered
Marathon Asset Management office (if applicable):
LLP 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 reached(vi)
:
30 June 2017
-------------------------------------------------------------------------------------
6. Date on which issuer notified:
13 July 2017
-------------------------------------------------------------------------------------
7. Threshold(s) that is/are crossed or reached:
3%
-------------------------------------------------------------------------------------
8. Total positions of person(s) subject to the notification
obligation:
-------------------------------------------------------------------------------------
% of voting % of voting Total of Total number
rights attached rights through both in % of voting
to shares financial (9.A + 9.B) rights of
(total of instruments issuer(vii)
9.A) (total of
9.B.1 + 9.B.2)
------------------ ----------------- ---------------- ------------- -------------
Resulting
situation
on the date
on which
threshold
was crossed
or reached 2.99 0 2.99 2,518,109
------------------ ----------------- ---------------- ------------- -------------
Position
of previous
notification
(if applicable) 4.33 N/A 4.33
------------------ ----------------- ---------------- ------------- -------------
9. Notified details of the resulting situation on the
date on which the threshold was crossed or reached(viii)
:
--------------------------------------------------------------------------------------------------------------
A: Voting rights attached to shares
--------------------------------------------------------------------------------------------------------------
Class/type Number of voting rights(ix) % of voting rights
of
shares
ISIN code
(if possible)
--------------------
Direct Indirect Direct Indirect
-------------------- ---------------------- ------------- ------------------- ----------------------------
Ordinary
shares (IE00BWT6H894) 2,518,109 2.99
-------------------------------------------- ------------- ------------------- ----------------------------
SUBTOTAL
A 2,518,109 2.99
-------------------------------------------- ------------- ------------------- ----------------------------
B 1: Financial Instruments according to Regulation 17(1)(a)
of the Regulations
--------------------------------------------------------------------------------------------------------------
Type of financial Expiration Exercise/ Number of voting % of voting
instrument date(x) Conversion rights that rights
Period(xi) may be acquired
if the instrument
is exercised/converted.
--------------------- -------------------- -------------- -------------------------------- ---------------
None
--------------------- ----------------------------------- -------------------------------- ---------------
SUBTOTAL B.1
----------------------------------- -------------------------------- ---------------
B 2: Financial Instruments with similar economic effect
according to Regulation 17(1)(b) of the Regulations
--------------------------------------------------------------------------------------------------------------
Type of Expiration Exercise/ Physical Number % of voting
financial date(x) Conversion or cash of voting rights
instrument Period settlement(xii) rights
(xi)
-------------------- --------------------- -------------- ------------------- ----------- ---------------
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) :
Name(xv) % of voting % of voting Total of both
rights if it rights through if it equals
equals or is financial instruments or is higher
higher than if it equals than the notifiable
the notifiable or is higher threshold
threshold than the notifiable
threshold
----------------- ---------------- ----------------------- ---------------------
William Arah
----------------- ---------------- ----------------------- ---------------------
Jeremy Hosking
----------------- ---------------- ----------------------- ---------------------
Neil Ostrer
----------------- ---------------- ----------------------- ---------------------
Marathon Asset
Management LLP 2.99 0 2.99
----------------- ---------------- ----------------------- ---------------------
11. In case of proxy voting: [name of the proxy holder]
will cease to hold [% and number] voting rights as of
[date]
-----------------------------------------------------------------------------------
12. Additional information(xvi) :
Breakdown of Holdings:
Custodian Nominal
--------------------------- ----------
Bank of New York Mellon 683,390
BNP Paribas Securities
Services 26,990
Brown Brothers Harriman 27,628
JP Morgan Chase 170,518
Northern Trust 1,684,206
Royal Bank of Canada 2,946
State Street Bank & Trust
Company, Boston 970,378
--------------------------- ----------
Total 3,566,056
--------------------------- ----------
Note: Marathon Asset Management LLP controls a total
of 3,566,056 shares on behalf of underlying investors
but only has authority to vote in connection with 2,518,109
shares.
-----------------------------------------------------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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