Holding(s) in Company
November 01 2010 - 12:09PM
UK Regulatory
TIDMPUB
RNS Number : 4003V
Punch Taverns PLC
01 November 2010
Punch Taverns plc (the "Company")
1 November 2010
TR-1 NOTIFICATION OF MAJOR INTERESTS IN SHARES
1. Identity of the issuer or the underlying issuer of existing shares to which
voting rights are attached:
Punch Taverns 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 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 | X |
| similar economic effect to qualifying | |
| financial instruments: | |
+------------------------------------------------+------+
| An event changing the breakdown of voting | |
| rights: | |
+------------------------------------------------+------+
| Other (please specify): | |
+------------------------------------------------+------+
3. Full name of person(s) subject to the notification obligation:
Glenview Capital Management, LLC
4. Full name of shareholder(s) (if different from 3):
5. Date of the transaction (and date on which the threshold if crossed or
reached if different):
28 October 2010
6. Date on which issuer notified:
1 November 2010
7. Threshold(s) that is/are crossed or reached:
16% (aggregate), 14% (swap)
A: Voting rights attached to shares
+--------------------+----------------------+----------------------+
| Class/type of | Situation previous to the triggering |
| shares if possible | transaction |
| using the ISIN | |
| CODE | |
+ +---------------------------------------------+
| | Number of shares | Number of voting |
| | | rights |
+--------------------+--------------------+----------------------+
| GB0031552861 | 12,852,181 | 12,852,181 |
+--------------------+----------------------+----------------------+
+----------+-----------+-------------+----------+-----------+
| Resulting situation after the triggering transaction |
+-----------------------------------------------------------+
| Number | Number of voting rights | % of voting rights |
| of | | |
| shares | | |
+----------+-------------------------+----------------------+
| Direct | Direct | Indirect | Direct | Indirect |
+----------+-----------+-------------+----------+-----------+
| | | 12,852,181 | | 2.00% |
+----------+-----------+-------------+----------+-----------+
B: Qualifying Financial Instruments
+------------+------------+----------------------------+--------------+-----------+
| Resulting situation after the triggering transaction |
+---------------------------------------------------------------------------------+
| Type of | Expiration | Exercise/Conversion/Period | Number of | % of |
| financial | date | Date | voting | voting |
| instrument | | | rights that | rights |
| | | | may be | |
| | | | acquired if | |
| | | | the | |
| | | | instrument | |
| | | | is | |
| | | | exercised/ | |
| | | | converted | |
+------------+------------+----------------------------+--------------+-----------+
| | | | | |
+------------+------------+----------------------------+--------------+-----------+
C: Financial Instruments with similar economic effect to Qualifying Financial
Instruments
+------------+----------+------------+----------------------------+--------------+---------+-------+
| Resulting situation after the triggering transaction |
+--------------------------------------------------------------------------------------------------+
| Type of | Exercise | Expiration | Exercise/Conversion/Period | Number of | % of |
| financial | price | date | Date | voting | voting |
| instrument | | | | rights that | rights |
| | | | | may be | |
| | | | | acquired if | |
| | | | | the | |
| | | | | instrument | |
| | | | | is | |
| | | | | exercised/ | |
| | | | | converted | |
+------------+----------+------------+----------------------------+--------------+-----------------+
| Total | | 2-Nov-12 | | 94,956,429 | Nominal | Delta |
| Return | | 25-Jul-11 | | | | |
| Swap | | 26-Jul-12 | | | | |
+ + + + + +---------+-------+
| | | | | | 14.77% | |
+------------+----------+------------+----------------------------+--------------+---------+-------+
Total (A+B+C)
+-------------------------------+-----------------------------+
| Number of voting rights | % of voting rights |
+-------------------------------+-----------------------------+
| 107,808,610 | 16.77% |
+-------------------------------+-----------------------------+
9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:
Larry Robbins, the CEO of Glenview Capital Management, LLC ("Glenview"), is the
ultimate controller of Glenview.
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:
14. Contact name:
Claire Stewart, Deputy Company Secretary
15. Contact telephone number:
(01283) 501 858
This information is provided by RNS
The company news service from the London Stock Exchange
END
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