Punch Taverns PLC Holding(s) in Company (3201I)

TIDMPUB

RNS Number : 3201I

Punch Taverns PLC

01 July 2013

Punch Taverns plc (the "Company")

1 July 2013

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   x 
  with 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:

Angelo, Gordon & Co., LP

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

AG MM, LP

AG Super Fund International Partners, LP

Nutmeg Partners, LP

AG Princess, LP

AG Super Fund, LP

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

27 June 2013

6. Date on which issuer notified:

28 June 2013

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

8. Notified details:

   A:    Voting rights attached to shares 
 
 Class/type of         Situation previous to the 
  shares if possible    triggering transaction 
  using the ISIN 
  CODE 
--------------------  ----------------------------- 
                       Number of   Number of voting 
                        shares      rights 
--------------------  ----------  ----------------- 
 
 
 
 Resulting situation after the triggering 
  transaction 
------------------------------------------------------- 
 Number       Number of voting     % of voting rights 
  of shares    rights 
-----------  -------------------  --------------------- 
 Direct       Direct    Indirect   Direct     Indirect 
-----------  --------  ---------  ---------  ---------- 
 
 
   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        rights 
  instrument                                              that 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 voting 
  financial       price       date          Date                          voting rights        rights 
  instrument                                                              that may 
                                                                          be acquired 
                                                                          if the instrument 
                                                                          is exercised/ 
                                                                          converted 
--------------  ----------  ------------  ----------------------------  -------------------  ----------------- 
                                                                                              Nominal   Delta 
--------------  ----------  ------------  ----------------------------  -------------------  --------  ------- 
 Total Return 
  Swap           N/A         N/A           N/A                           20,530,195                     3.085% 
--------------  ----------  ------------  ----------------------------  -------------------  --------  -------

Total (A+B+C)

 
 Number of voting rights   % of voting rights 
------------------------  ------------------- 
 20,530,195                3.085% 
------------------------  -------------------

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

The position is held in the following funds:

AG MM, LP; AG Super Fund International Partners, LP; Nutmeg Partners, LP; AG Princess, LP; and AG Super Fund, LP.

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