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Form 8.3 - Betair Group Plc

15th Jan 2016 15:00

RNS Number : 0199M

Citadel Group

15 January 2016

FORM 8.3

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY

A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE

Rule 8.3 of the Takeover Code (the "Code")

1. KEY INFORMATION

(a) Full name of discloser:	Citadel Group
(b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.
(c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree	Betfair Group Plc
(d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:
(e) Date position held/dealing undertaken: For an opening position disclosure, state the latest practicable date prior to the disclosure	14 January 2016
(f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer? If it is a cash offer or possible cash offer, state "N/A"	Yes - Paddy Power Plc

2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

Class of relevant security:	COMMON STOCK ISIN GB00BSPL1J93
	Interests		Short positions
	Number	%	Number	%
(1) Relevant securities owned and/or controlled:	3,540	0.00	0	0.00
(2) Cash-settled derivatives:	1,082,482	1.16	6,200	0.00
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:
TOTAL:	1,086,022	1.16	6,200	0.00

All interests and all short positions should be disclosed.

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

(b) Rights to subscribe for new securities (including directors' and other employee options)

Class of relevant security in relation to which subscription right exists:
Details, including nature of the rights concerned and relevant percentages:

3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

The currency of all prices and other monetary amounts should be stated.

(a) Purchases and sales

Class of relevant security	Purchase/sale	Number of securities	Price per unit
Common stock	Purchase	718	36.85
Common stock	Purchase	736	36.92
Common stock	Purchase	2,911	36.54
Common stock	Purchase	25	37.06
Common stock	Purchase	893	36.28
Common stock	Purchase	107	36.29
Common stock	Purchase	1,642	36.53
Common stock	Purchase	31	36.63
Common stock	Purchase	339	36.56
Common stock	Purchase	505	36.6
Common stock	Purchase	358	36.62
Common stock	Purchase	1,037	36.55
Common stock	Purchase	33	36.59
Common stock	Purchase	191	36.57
Common stock	Purchase	25	36.32
Common stock	Purchase	1,098	36.45
Common stock	Purchase	142	36.64
Common stock	Purchase	1,091	36.67
Common stock	Purchase	517	36.66
Common stock	Purchase	970	36.73
Common stock	Purchase	731	36.81
Common stock	Purchase	495	36.75
Common stock	Purchase	900	36.77
Common stock	Purchase	650	36.84
Common stock	Purchase	1,311	36.8
Common stock	Purchase	415	36.82
Common stock	Purchase	102	36.78
Common stock	Purchase	733	36.74
Common stock	Purchase	403	36.68
Common stock	Purchase	756	36.76
Common stock	Purchase	48	36.71
Common stock	Purchase	802	36.69
Common stock	Purchase	806	36.9
Common stock	Purchase	703	36.87
Common stock	Purchase	645	36.65
Common stock	Purchase	267	36.86
Common stock	Purchase	733	36.7
Common stock	Purchase	338	36.89
Common stock	Purchase	1,533	36.72
Common stock	Purchase	559	36.83
Common stock	Purchase	541	36.27
Common stock	Purchase	677	36.35
Common stock	Purchase	49	37.01
Common stock	Purchase	260	37.07
Common stock	Purchase	56	36.93
Common stock	Purchase	78	36.95
Common stock	Purchase	199	36.91
Common stock	Purchase	218	36.94
Common stock	Purchase	450	37
Common stock	Purchase	141	36.98
Common stock	Purchase	41	37.03
Common stock	Purchase	342	36.97
Common stock	Purchase	234	37.15
Common stock	Purchase	322	37.09
Common stock	Purchase	499	37.1
Common stock	Purchase	750	37.12
Common stock	Purchase	108	37.16
Common stock	Purchase	246	37.13
Common stock	Purchase	121	37.08
Common stock	Purchase	69	37.57
Common stock	Purchase	48	37.53
Common stock	Purchase	270	37.6
Common stock	Purchase	273	37.47
Common stock	Purchase	138	37.58
Common stock	Purchase	379	37.36
Common stock	Purchase	174	37.34
Common stock	Purchase	1	37.2
Common stock	Purchase	70	37.38
Common stock	Purchase	147	37.59
Common stock	Purchase	15	37.99
Common stock	Purchase	25	37.66
Common stock	Purchase	56	37.9
Common stock	Purchase	30	37.98
Common stock	Purchase	272	38
Common stock	Purchase	16	38.03
Common stock	Purchase	33	38.05
Common stock	Purchase	92	37.91
Common stock	Purchase	77	37.89
Common stock	Purchase	42	38.3
Common stock	Purchase	29	38.39
Common stock	Purchase	235	37.35
Common stock	Purchase	417	37.21
Common stock	Purchase	184	38.29
Common stock	Sale	-1,569	36.85
Common stock	Sale	-75	36.92
Common stock	Sale	-224	37.27
Common stock	Sale	-621	36.54
Common stock	Sale	-166	37.06
Common stock	Sale	-105	36.28
Common stock	Sale	-882	36.29
Common stock	Sale	-490	36.26
Common stock	Sale	-311	36.3
Common stock	Sale	-111	36.53
Common stock	Sale	-6	36.46
Common stock	Sale	-155	36.63
Common stock	Sale	-941	36.52
Common stock	Sale	-101	36.56
Common stock	Sale	-361	36.51
Common stock	Sale	-520	36.34
Common stock	Sale	-572	36.6
Common stock	Sale	-279	36.62
Common stock	Sale	-239	36.58
Common stock	Sale	-147	36.55
Common stock	Sale	-388	36.59
Common stock	Sale	-66	36.49
Common stock	Sale	-118	36.33
Common stock	Sale	-862	36.32
Common stock	Sale	-437	36.5
Common stock	Sale	-532	36.45
Common stock	Sale	-50	36.31
Common stock	Sale	-259	36.64
Common stock	Sale	-371	36.67
Common stock	Sale	-481	36.47
Common stock	Sale	-435	36.66
Common stock	Sale	-1,993	36.73
Common stock	Sale	-154	36.81
Common stock	Sale	-274	36.48
Common stock	Sale	-749	36.75
Common stock	Sale	-646	36.36
Common stock	Sale	-1,888	36.79
Common stock	Sale	-838	36.77
Common stock	Sale	-395	36.84
Common stock	Sale	-834	36.8
Common stock	Sale	-189	36.82
Common stock	Sale	-151	36.78
Common stock	Sale	-1,340	36.74
Common stock	Sale	-734	36.68
Common stock	Sale	-1,498	36.76
Common stock	Sale	-640	36.71
Common stock	Sale	-1,087	36.69
Common stock	Sale	-193	36.9
Common stock	Sale	-352	36.42
Common stock	Sale	-402	36.87
Common stock	Sale	-1,075	36.65
Common stock	Sale	-483	36.88
Common stock	Sale	-560	36.86
Common stock	Sale	-1,431	36.7
Common stock	Sale	-95	36.89
Common stock	Sale	-616	36.72
Common stock	Sale	-54	36.27
Common stock	Sale	-133	36.37
Common stock	Sale	-52	36.35
Common stock	Sale	-78	36.41
Common stock	Sale	-750	36.38
Common stock	Sale	-80	36.39
Common stock	Sale	-478	37.07
Common stock	Sale	-468	36.96
Common stock	Sale	-1,443	36.95
Common stock	Sale	-157	37.05
Common stock	Sale	-588	37.04
Common stock	Sale	-400	36.91
Common stock	Sale	-26	36.94
Common stock	Sale	-124	37
Common stock	Sale	-81	36.98
Common stock	Sale	-110	37.03
Common stock	Sale	-99	37.02
Common stock	Sale	-286	36.97
Common stock	Sale	-337	36.99
Common stock	Sale	-60	37.09
Common stock	Sale	-45	37.1
Common stock	Sale	-36	37.12
Common stock	Sale	-73	37.11
Common stock	Sale	-186	37.14
Common stock	Sale	-33	37.13
Common stock	Sale	-180	37.46
Common stock	Sale	-178	37.18
Common stock	Sale	-91	37.47
Common stock	Sale	-144	37.55
Common stock	Sale	-788	37.36
Common stock	Sale	-290	37.37
Common stock	Sale	-343	37.81
Common stock	Sale	-372	37.23
Common stock	Sale	-203	37.34
Common stock	Sale	-110	37.19
Common stock	Sale	-75	38.01
Common stock	Sale	-44	37.9
Common stock	Sale	-286	38.03
Common stock	Sale	-51	38.07
Common stock	Sale	-171	37.89
Common stock	Sale	-37	37.87
Common stock	Sale	-61	38.12
Common stock	Sale	-935	37.85
Common stock	Sale	-312	38.47
Common stock	Sale	-63	38.49
Common stock	Sale	-361	37.35
Common stock	Sale	-287	37.26
Common stock	Sale	-360	37.29
Common stock	Sale	-210	37.22
Common stock	Sale	-150	38.57
Common stock	Sale	-160	38.56
Common stock	Sale	-159	38.38
Common stock	Sale	-77	38.59
Common stock	Sale	-59	38.48
Common stock	Sale	-540	38.7

(b) Cash-settled derivative transactions

Class of relevant security	Product description e.g. CFD	Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position	Number of reference securities	Price per unit
Common stock	CFD	Reducing long position	-5,137	36.76075
Common stock	CFD	Reducing long position	-1,284	36.761542
Common stock	CFD	Reducing long position	-1,560	36.623058

(i) Writing, selling, purchasing or varying

Class of relevant security

Product description e.g. call option

Writing, purchasing, selling, varying etc.

Number of securities to which option relates

Exercise price per unit

Type

e.g. American, European etc.

Expiry date

Option money paid/ received per unit

(ii) Exercise

Class of relevant security

Product description

e.g. call option

Exercising/ exercised against

Number of securities

Exercise price per unit

(d) Other dealings (including subscribing for new securities)

Class of relevant security

Nature of dealing

e.g. subscription, conversion

Details

Price per unit (if applicable)

4. OTHER INFORMATION

(a) Indemnity and other dealing arrangements

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:

Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state "none"

(b) Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:

(i) the voting rights of any relevant securities under any option; or

(ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:

If there are no such agreements, arrangements or understandings, state "none"

Is a Supplemental Form 8 (Open Positions) attached?

Date of disclosure:	15 January 2016
Contact name:	Pauline Rogers
Telephone number:	020 7645 9708

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at [email protected]. The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

This information is provided by RNS

The company news service from the London Stock Exchange

END

RETBAMLTMBABMAF

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