Holding(s) in Company (1322Z)

TIDMPUB

RNS Number : 1322Z

Punch Taverns PLC

07 January 2011

Punch Taverns plc (the "Company") 7 January 2011

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:

Maverick Capital, Ltd., as a discretionary manager of client accounts

4. Full name of shareholder(s) (if different from 3):

N/A

5. Date of the transaction (and date on which the threshold if crossed or reached if different):

5 January 2011

6. Date on which issuer notified:

7 January 2011

7. Threshold(s) that is/are crossed or reached:

8 Notified details:

A: Voting rights attached to shares

 
 Class/type of shares   Situation previous to the triggering 
  if possible using      transaction 
  the ISIN CODE 
---------------------  ------------------------------------------- 
                        Number of shares   Number of voting rights 
---------------------  -----------------  ------------------------ 
 N/A                    N/A                N/A 
---------------------  -----------------  ------------------------ 
 
 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------- 
 Number of      Number of voting rights     % of voting rights 
  shares 
-------------  --------------------------  --------------------- 
 Direct         Direct       Indirect       Direct    Indirect 
-------------  -----------  -------------  --------  ----------- 
 N/A            N/A          N/A            N/A       N/A 
-------------  -----------  -------------  --------  -----------

B: Qualifying Financial Instruments

 
 Resulting situation after the triggering transaction 
-------------------------------------------------------------------------------- 
 Type of      Expiration   Exercise/Conversion/Period   Number of    % of voting 
 financial     date         Date                        voting        rights 
 instrument                                             rights 
                                                        that may 
                                                        be 
                                                        acquired 
                                                        if the 
                                                        instrument 
                                                        is 
                                                        exercised/ 
                                                        converted 
-----------  -----------  ---------------------------  -----------  ------------ 
 N/A          N/A          N/A                          N/A          N/A 
-----------  -----------  ---------------------------  -----------  ------------

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------- 
                                                                       Number of 
                                                                       voting 
                                                                       rights that 
                                                                       may be 
                                                                       acquired if 
                                                                       the 
                                                                       instrument 
 Type of                                                               is 
  financial    Exercise    Expiration    Exercise/Conversion/Period    exercised/    % of voting 
  instrument    price       date          Date                         converted      rights 
------------  ----------  ------------  ----------------------------  ------------  ---------------- 
                           Greater 
                            than 12 
 Total                      months 
 Return Swap                from 9 
 (no voting                 August 
 rights)       N/A          2010         N/A                           17,979,977    Nominal   Delta 
------------  ----------  ------------  ----------------------------  ------------  --------  ------ 
                                                                                     2.80%     2.80% 
    ------------------------------------------------------------------------------  --------  ------

Total (A+B+C)

 
 Number of voting rights   % of voting rights 
------------------------  ------------------- 
 17,979,977                2.80% 
------------------------  -------------------

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:

N/A

Proxy Voting:

10. Name of the proxy holder:

N/A

11. Number of voting rights proxy holder will cease to hold:

N/A

12. Date on which proxy holder will cease to hold voting rights:

N/A

13. Additional information:

N/A

14. Contact name: