REG - Paddy Power plc - Holding(s) in Company <Origin Href="QuoteRef">PLSA.I</Origin>

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05/01/2016 15:22

RNS Number : 9130K
Paddy Power plc
05 January 2016
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 attachedii:
Paddy Power Plc
2. Reason for the notification (please tick the appropriate box or boxes):
[X] An acquisition or disposal of voting rights
[ ] 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 obligationiv:
Name:
Parvus Asset Management Europe Limited
City and country of registered office (if applicable):
United Kingdom
4. Full name of shareholder(s) (if different from 3.)v:
Parvus Asset Management Europe Limited has been appointed as Investment Manager a number of funds and managed accounts. 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. No individual client holds voting rights which equal or exceed the notifiable threshold.
5. Date on which the threshold was crossed or reachedvi:
29 December 2015
6. Date on which issuer notified:
5 January 2016
7. Threshold(s) that is/are crossed or reached:
Going below 6%
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 9.B.1 + 9.B.2)
Total of both in % (9.A + 9.B)
Total number of voting rights of issuervii
Resulting situation on the date on which threshold was crossed or reached
5.998%
0%
5.998%
2,645,326
Position of previous notification (if applicable)
6.82%
0%
6.82%

9. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii:
A: Voting rights attached to shares
Class/type of
shares
ISIN code (if possible)
Number of voting rightsix
% of voting rights
Direct
Indirect
Direct
Indirect
IE00BWT6H894
2,645,326
0
5.998%
0%
SUBTOTAL A
2,645,326

5.998%


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












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
datex
Exercise/
Conversion Period xi
Physical or cash settlementxii
Number of voting rights 
% of voting rights















SUBTOTAL B.2


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 entityxiv:
Parvus Asset Management Europe Limited is controlled by Parvus Asset Management Limited and Oakentree Limited.
Parvus Asset Management Limited is in turn controlled by Parvus Asset Management (Cayman) Limited, which is controlled by Edoardo Mercadante.
Oakentree Limited is in turn controlled by Mads Gensmann.
Messrs Mercadante and Gensmann are directors of Parvus Asset Management Limited, which company holds the power to vote these shares.
Namexv
% 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 than the notifiable threshold
Total of both if it equals or is higher than the notifiable threshold
No individual fund holds voting rights equal to or greater than the notifiable threshold.








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 informationxvi:
N/A
Done at London on 5 January 2016.

This information is provided by RNS
The company news service from the London Stock Exchange
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