Punch Taverns PLC Holding(s) in Company (1070U)

TIDMPUB

RNS Number : 1070U

Punch Taverns PLC

13 October 2014

Punch Taverns plc (the "Company")

13 October 2014

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        X 
  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 similar economic effect to 
  qualifying financial instruments: 
------------------------------------------ 
 An event changing the breakdown 
  of voting rights: 
------------------------------------------ 
 Other (please specify): Increase 
  in Company's Issued Share Capital 
------------------------------------------

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):

Goldman Sachs & Co.

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

8 October 2014

6. Date on which issuer notified:

10 October 2014

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

19%, 20%, 21% and 22%

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 
---------------------  ------------  ----------------- 
 GB0031552861           121,030,371   121,030,371 
---------------------  ------------  ----------------- 
 
 
 Resulting situation after the triggering 
  transaction 
----------------------------------------------------------- 
 Number        Number of voting        % of voting rights 
  of shares     rights 
------------  ----------------------  --------------------- 
 Direct        Direct    Indirect      Direct     Indirect 
------------  --------  ------------  ---------  ---------- 
                         983,872,325              22.17% 
 ---------------------  ------------  ---------  ---------- 
 
   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 (A+B+C)

 
 Number of voting rights   % of voting rights 
------------------------  ------------------- 
 983,872,325               22.17% 
------------------------  -------------------

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:

Ed Bashforth, Company Secretary

15. Contact telephone number:

01283 501600

This information is provided by RNS