Punch Taverns PLC Holding(s) in Company (3525U)
January 17 2017 - 4:44AM
UK Regulatory
TIDMPUB TIDM42SB
RNS Number : 3525U
Punch Taverns PLC
17 January 2017
Punch Taverns plc (the "Company")
17 January 2017
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
with similar economic effect to
qualifying financial instruments:
------------------------------------------
An event changing the breakdown X
of voting rights:
------------------------------------------
Other (please specify):
------------------------------------------
3. Full name of person(s) subject to the notification
obligation:
The Goldman Sachs Group, Inc.
4. Full name of shareholder(s) (if different from 3):
Goldman Sachs International
Goldman Sachs Asset Management, L.P.
5. Date of the transaction (and date on which the threshold if
crossed or reached if different):
12 January 2017
6. Date on which issuer notified:
16 January 2017
7. Threshold(s) that is/are crossed or reached:
N/A
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 13,414,572 13,414,572
--------------------- ----------- -----------------
Resulting situation after the triggering
transaction
---------------------------------------------------------
Number Number of voting % of voting rights
of shares rights
------------ -------------------- ---------------------
Direct Direct Indirect Direct Indirect
------------ -------- ---------- --------- ----------
2,120,055 0.96%
--------------------- ---------- --------- ----------
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
------------- ---------- ------------ ---------------------------- ------------------- -------- ------
Swap (Cash) 16-Feb-17 10,000,000 4.51%
------------------------- ------------------------------------------ ------------------- -------- ------
Swap (Cash) 18-Apr-17 1,950,000 0.88%
------------------------- ------------------------------------------ ------------------- -------- ------
Total (A+B+C)
Number of voting rights % of voting rights
------------------------ -------------------
14,070,055 6.34%
------------------------ -------------------
9. Chain of controlled undertakings through which the voting
rights and/or the financial instruments are effectively held, if
applicable:
The Goldman Sachs Group, Inc.; 14,070,055 shares; 6.34%
Goldman Sachs (UK) L.L.C. (Controlled by The Goldman Sachs
Group, Inc.); 14,065,219 shares; 6.34%
Goldman Sachs Group UK Limited (Controlled by Goldman Sachs (UK)
L.L.C.); 14,065,219 shares; 6.34%
Goldman Sachs International (Controlled by Goldman Sachs Group
UK Limited); 14,065,219 shares; 6.34%
GSAM Holdings LLC (Controlled by The Goldman Sachs Group,
Inc.)
Goldman Sachs Asset Management, L.P. (Controlled by GSAM
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:
Please note, total amount of voting rights have been rounded to
2 decimal places therefore there is a possibility of a rounding
error.
14. Contact name:
Francesca Appleby, Financial Reporting Manager
15. Contact telephone number:
01283 501 600
This information is provided by RNS
The company news service from the London Stock Exchange
END
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