REG - Flutter Entertainmnt - Holding(s) in Company

Flutter EntertainmentAnnouncement

09/05/2022 13:00

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RNS Number : 7721K  Flutter Entertainment PLC  09 May 2022

Standard Form TR-1

Standard form for notification of major holdings

 NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the
 Central Bank of Ireland)(i)

 1. Identity of the issuer or the underlying issuer of existing shares to which
 voting rights are attached(ii):

 Flutter Entertainment 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

 [ ] An event changing the breakdown of voting rights

 [ ] Other (please specify)(iii):

 3. Details of person subject to the notification obligation(iv) :
 Name:                                                                                                                            City and country of registered office (if applicable):

 Parvus Asset Management Europe Limited                                                                                           London, United Kingdom
 4. Full name of shareholder(s) (if different from 3.)(v):

 Parvus Asset Management Europe Limited has been appointed as Investment
 Manager to a number of funds. Under the terms of the various investment
 management agreements, Parvus Asset Management Europe Limited holds the power
 to vote any physical shareholdings held by these clients.
 5. Date on which the threshold was crossed or reached(vi):

 04 May 2022

 6. Date on which issuer notified:

 06 May 2022

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

 Going above 6% voting rights (by way of equity swaps and options).

 8. Total positions of person(s) subject to the notification obligation:
                                                                            % of voting rights attached to shares (total of 9.A)  % of voting rights through financial instruments  Total of both in % (9.A + 9.B)  Total number of voting rights of issuer(vii)

(total of 9.B.1 + 9.B.2)
 Resulting situation on the date on which threshold was crossed or reached  0%                                                    6.03%                                             6.03%                           175,779,932
 Position of previous notification (if applicable)                          0%                                                    5.10%                                             5.10%

 

 9. Notified details of the resulting situation on the date on which the
 threshold was crossed or reached(viii):
 A: Voting rights attached to shares
 Class/type of                 Number of voting rights(ix)                                                  % of voting rights

shares

 ISIN code (if possible)

                                                Direct          Indirect                                                            Direct                                          Ind

                                               ire
                                                                                                                                                                                    ct

 SUBTOTAL A

 B 1: Financial Instruments according to Regulation 17(1)(a) of the
 Regulations
 Type of financial instrument                   Expiration      Exercise/                                   Number of voting rights that may be acquired if the instrument is       % of voting rights

date(x)
Conversion Period(xi)                      exercised/converted.

                                                                SUBTOTAL B.1

 B 2: Financial Instruments with similar economic effect according to
 Regulation 17(1)(b) of the Regulations
 Type of financial instrument  Expiration                       Exercise/                Physical or cash settlement(xii)           Number of voting rights                                     % of voting rights

date(x)
Conversion Period (xi)
 Equity Swap                   21/06/2022                       N/A                      Cash                                        95,792                                                     0.05%
 Equity Swap                   03/11/2022                       N/A                      Cash                                       151,496                                                     0.09%
 Equity Swap                   02/12/2022                       N/A                      Cash                                       4,839,218                                                   2.75%
 Equity Swap                   12/07/2023                       N/A                      Cash                                       2,294,235                                                   1.31%
 Equity Swap                   13/03/2023                       N/A                      Cash                                       1,398,115                                                   0.80%
 Equity Swap                   01/06/2023                       N/A                      Cash                                       156,835                                                     0.09%
 Equity Swap                   02/01/2024                       N/A                      Cash                                       80,735                                                      0.05%
 Equity Swap                   10/03/2025                       N/A                      Cash                                       1,118,721                                                   0.64%
 Put Option                    17/06/2022                       N/A                      Physical                                    465,000                                                    0.26%
                                                                                         SUBTOTAL B.2                               10,600,147                                                  6.03%

 

 

 

 

 

 

 

 

 

 

 10. Information in relation to the person subject to the notification
 obligation (please tick the applicable box):

 [ ] Person subject to the notification obligation is not controlled by any
 natural person or legal entity and does not control any other undertaking(s)
 holding directly or indirectly an interest in the (underlying) issuer.(xiii)

  X  Full chain of controlled undertakings through which the voting rights
 and/or the

financial instruments are effectively held starting with the ultimate
 controlling natural person or legal entity(xiv):

 Name(xv)                                  % of voting rights if it equals or is higher than the notifiable threshold  % of voting rights through financial instruments if it equals or is higher  Total of both if it equals or is higher than the notifiable threshold
                                                                                                                       than the notifiable threshold
 Edoardo Mercadante                         N/A                                                                        6.03%                                                                       6.03%
 Parvus Asset Management (Cayman) Limited   N/A                                                                        6.03%                                                                       6.03%
 Parvus Asset Management Limited            N/A                                                                        6.03%                                                                       6.03%
 Parvus Asset Management Europe Limited     N/A                                                                        6.03%                                                                       6.03%

 11. In case of proxy voting: [name of the proxy holder] will cease to hold [%
 and number] voting rights as of  date 

 N/A

 12. Additional information(xvi):

 N/A

Completed in London on 06 May 2022.

 

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