TIDMPUB

RNS Number : 2992R

Punch Taverns PLC

24 October 2013

Punch Taverns plc (the "Company")

24 October 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:

David Bonderman and James G Coulter

Augustus Advisors, LLC

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

Octavian Special Master Fund, LP

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

22 October 2013

6. Date on which issuer notified:

23 October 2013

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

7%

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 
-------------  ------------  ------------  ----------------------------  -------------------  --------  ------ 
 Equity 
  Swap          GBP0.13500    N/A           N/A                           45,136,028           6.78% 
-------------  ------------  ------------  ----------------------------  -------------------  --------  ------

Total (A+B+C)

 
 Number of voting rights   % of voting rights 
------------------------  ------------------- 
 45,136,028                6.78% 
------------------------  -------------------

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

David Bonderman and James G Coulter

TPG Opportunities II Advisors, Inc (Delaware)

Augustus Holdco, LLC (Delaware)

Augustus GP Interests Acquisition, LLC (Delaware)

Augustus Advisors, LLC (Delaware)

Octavian Special Master Fund, LP (Cayman Islands)

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:

Ed Bashforth, Company Secretary

15. Contact telephone number:

01283 501685

This information is provided by RNS

The company news service from the London Stock Exchange

END

HOLPGGRAUUPWURC

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