Punch Taverns PLC Holding(s) in Company (2572V)
October 24 2014 - 8:20AM
UK Regulatory
TIDMPUB
RNS Number : 2572V
Punch Taverns PLC
24 October 2014
Punch Taverns plc (the "Company")
24 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 rights: X
-----------------------------------------------------
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):
-----------------------------------------------------
3. Full name of person(s) subject to the notification
obligation:
Christian Leone
Luxor Management, LLC
Luxor Capital Group, LP
LCG Holdings LLC
4. Full name of shareholder(s) (if different from 3):
Luxor Capital Partners, LP
Luxor Capital Partners Offshore Master Fund, LP
Luxor Spectrum Offshore Master Fund, LP
Luxor Wavefront, LP
OC19 Master Fund, L.P.-LCG
5. Date of the transaction (and date on which the threshold if
crossed or reached if different):
21 October 2014
6. Date on which issuer notified:
23 October 2014
7. Threshold(s) that is/are crossed or reached:
In respect of each of Christian Leone, Luxor Management, LLC and
Luxor Capital Group, LP going below 15% in respect of voting rights
held as direct or indirect shareholder.
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
--------------------- ----------------- ------------------------
Christian Leone
GB00BPXRVT80
--------------------- ----------------- ------------------------
Luxor Management LLC
GB00BPXRVT80
--------------------- ----------------- ------------------------
Luxor Capital Group,
LP
GB00BPXRVT80
--------------------- ----------------- ------------------------
LCG Holdings LLC
GB00BPXRVT80
--------------------- ----------------- ------------------------
Resulting situation after the triggering transaction
----------------------------------------------------------------
Number of Number of voting rights % of voting rights
shares
------------- -------------------------- ---------------------
Direct Direct Indirect Direct Indirect
------------- -------------- ---------- -------- -----------
32,494,645 32,494,645 14.65%
------------- -------------- ---------- -------- -----------
32,494,645 32,494,645 14.65%
------------- -------------- ---------- -------- -----------
32,494,645 32,494,645 14.65%
------------- -------------- ---------- -------- -----------
31,575,771 31,575,771 14.23%
------------- -------------- ---------- -------- -----------
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
-----------------------------------------------------------------------------------------
Type of Expiration Exercise/Conversion/Period Number of voting % of voting
financial date Date rights that rights
instrument 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 financial Exercise Expiration Exercise/Conversion/Period Number of % of voting
instrument price date Date voting rights rights
that may be
acquired if
the instrument
is exercised/
converted
------------------ --------- ----------- --------------------------- ---------------- ----------------
Nominal Delta
------------------ --------- ----------- --------------------------- ---------------- -------- ------
Total (A+B+C)
Number of voting rights % of voting rights
--------------------------------- -------------------
In respect of each of Christian
Leone; Luxor Management, LLC;
and Luxor Capital Group, LP 14.65%
--------------------------------- -------------------
In respect of LCG Holdings,
LLC 14.23%
--------------------------------- -------------------
Aggregate voting rights in
respect of Christian Leone;
Luxor Management , LLC; Luxor
Capital Group, LP; and LCG
Holdings, LLC 14.65%
--------------------------------- -------------------
9. Chain of controlled undertakings through which the voting
rights and/or the financial instruments are effectively held, if
applicable:
The shares in which Christian Leone is interested are managed by
the following entities each of which is controlled by Christian
Leone.
Luxor Management, LLC;
Luxor Capital Group, LP; and
LCG Holdings, LLC
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 501600
This information is provided by RNS
The company news service from the London Stock Exchange
END
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