TIDMPUB
RNS Number : 6226N
Punch Taverns PLC
27 October 2016
Punch Taverns plc (the "Company")
27 October 2016
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):
------------------------------------------
3. Full name of person(s) subject to the notification
obligation:
Avenue Europe International Management L.P.
4. Full name of shareholder(s) (if different from 3):
Avenue-SLP European Opportunities Fund, L.P.
Avenue Europe Opportunities Master Fund, L.P.
Avenue Europe Special Situations Fund II (Euro), L.P.
Avenue Europe Special Situations Fund II (US), L.P.
Avenue - COPPERS Opportunities Fund, L.P.
Avenue ASRS Europe Opportunities Fund, L.P.
Avenue Europe Special Situations Fund III (Euro), L.P.
Avenue Europe Special Situations Fund III (US), L.P.
5. Date of the transaction (and date on which the threshold if
crossed or reached if different):
26 October 2016
6. Date on which issuer notified:
26 October 2016
7. Threshold(s) that is/are crossed or reached:
Above 16%
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
--------------------- ----------- -----------------
GB00BPXRVT80 29,649,519 29,649,519
--------------------- ----------- -----------------
Resulting situation after the triggering
transaction
----------------------------------------------------------
Number Number of voting % of voting rights
of shares rights
------------ --------------------- ---------------------
Direct Direct Indirect Direct Indirect
------------ -------- ----------- --------- ----------
- - 29,649,519 - 13.36%
------------ -------- ----------- --------- ----------
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
------------ ----------- --------------------------- ------------------- ------------
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
------------------------------------------------------------------------------------------------------------
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
------------- ---------- ------------ ---------------------------- ------------------- -------- ------
N/A N/A N/A N/A 7,014,943 N/A 3.16%
------------- ---------- ------------ ---------------------------- ------------------- -------- ------
Total (A+B+C)
Number of voting rights % of voting rights
------------------------ -------------------
36,664,462 16.52%
------------------------ -------------------
9. Chain of controlled undertakings through which the voting
rights and/or the financial instruments are effectively held, if
applicable:
Avenue - COPPERS Opportunities Fund, L.P.
Avenue Europe Opportunities Master Fund, L.P.
Avenue-SLP European Opportunities Fund, L.P.
Avenue Europe Special Situations Fund II (Euro), L.P.
Avenue Europe Special Situations Fund II (US), L.P.
Avenue ASRS Europe Opportunities Fund, L.P.
Avenue Europe Special Situations Fund III (Euro), L.P.
Avenue Europe Special Situations Fund III (US), L.P.
Funds holdings greater than 3% of voting rights:
Avenue Europe Special Situations Fund II (Euro), L.P.: Number of
Shares + Number of CfDs = 9,364,197; Number of Voting Rights =
9,364,197; % of Voting Rights = 4.22%
Avenue Europe Special Situations Fund II (US), L.P.: Number of
Shares + Number of CfDs = 10,886,780; Number of Voting Rights =
10,886,780; % of Voting Rights = 4.90%
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:
Francesca Appleby, Financial Reporting Manager
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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