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Form 8.3 - Betfair Group Plc

11th Nov 2015 15:00

RNS Number : 3459F

Citadel Group

11 November 2015

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	10 November 2015
(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:	0	0.00	2,092	0.00
(2) Cash-settled derivatives:	1,256,033	1.35	15,919	0.02
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:
TOTAL:	1,256,033	1.35	18,011	0.02

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	120	33.26
Common stock	Purchase	60	33.2
Common stock	Purchase	43	33.3
Common stock	Purchase	10	33.31
Common stock	Purchase	171	33.16
Common stock	Purchase	476	33.15
Common stock	Purchase	120	33.23
Common stock	Purchase	287	32.9
Common stock	Purchase	655	32.81
Common stock	Purchase	405	32.99
Common stock	Purchase	255	32.84
Common stock	Purchase	460	33.09
Common stock	Purchase	69	33.02
Common stock	Purchase	848	33
Common stock	Purchase	1,199	32.85
Common stock	Purchase	887	32.96
Common stock	Purchase	173	32.97
Common stock	Purchase	169	32.98
Common stock	Purchase	2,809	32.86
Common stock	Purchase	32	33.07
Common stock	Purchase	89	33.01
Common stock	Purchase	2,144	32.64
Common stock	Purchase	1,396	32.63
Common stock	Purchase	423	32.75
Common stock	Purchase	1,825	32.67
Common stock	Purchase	393	32.89
Common stock	Purchase	450	32.91
Common stock	Purchase	733	32.82
Common stock	Purchase	2,131	32.87
Common stock	Purchase	53	33.06
Common stock	Purchase	277	32.83
Common stock	Purchase	53	33.03
Common stock	Purchase	175	32.46
Common stock	Purchase	160	32.45
Common stock	Purchase	50	32.44
Common stock	Purchase	645	32.6
Common stock	Purchase	204	32.54
Common stock	Purchase	1,464	32.61
Common stock	Purchase	1,135	32.88
Common stock	Purchase	50	32.43
Common stock	Purchase	2,288	32.62
Common stock	Purchase	268	32.73
Common stock	Purchase	667	32.74
Common stock	Purchase	305	32.47
Common stock	Purchase	27	32.55
Common stock	Purchase	1,106	32.65
Common stock	Purchase	342	32.8
Common stock	Purchase	117	32.49
Common stock	Purchase	220	32.53
Common stock	Purchase	95	32.59
Common stock	Purchase	15	32.48
Common stock	Purchase	126	32.52
Common stock	Purchase	65	32.57
Common stock	Purchase	764	32.5
Common stock	Purchase	30	32.51
Common stock	Purchase	528	32.66
Common stock	Purchase	169	32.92
Common stock	Purchase	111	33.05
Common stock	Purchase	1,636	32.7
Common stock	Purchase	2,562	32.71
Common stock	Purchase	400	32.95
Common stock	Purchase	140	33.14
Common stock	Purchase	125	33.08
Common stock	Purchase	27	33.11
Common stock	Purchase	5	33.12
Common stock	Purchase	35	33.34
Common stock	Purchase	568	32.77
Common stock	Purchase	2,534	32.69
Common stock	Purchase	1,894	32.72
Common stock	Purchase	1,018	32.68
Common stock	Purchase	340	33.21
Common stock	Purchase	390	33.25
Common stock	Purchase	664	33.29
Common stock	Sale	-374	33.18
Common stock	Sale	-51	33.26
Common stock	Sale	-234	33.32
Common stock	Sale	-380	33.31
Common stock	Sale	-327	33.16
Common stock	Sale	-106	33.15
Common stock	Sale	-215	33.23
Common stock	Sale	-180	33.19
Common stock	Sale	-134	32.76
Common stock	Sale	-1,288	32.81
Common stock	Sale	-149	32.99
Common stock	Sale	-2	32.78
Common stock	Sale	-658	32.84
Common stock	Sale	-235	33.09
Common stock	Sale	-19	33.02
Common stock	Sale	-314	33
Common stock	Sale	-292	33.04
Common stock	Sale	-2,156	32.85
Common stock	Sale	-69	32.96
Common stock	Sale	-242	32.97
Common stock	Sale	-159	32.98
Common stock	Sale	-1,287	32.86
Common stock	Sale	-664	33.07
Common stock	Sale	-2,761	32.64
Common stock	Sale	-1,223	32.63
Common stock	Sale	-1,173	32.67
Common stock	Sale	-425	32.89
Common stock	Sale	-353	33.28
Common stock	Sale	-623	33.24
Common stock	Sale	-290	32.82
Common stock	Sale	-3,229	32.87
Common stock	Sale	-393	33.06
Common stock	Sale	-573	32.83
Common stock	Sale	-103	33.03
Common stock	Sale	-5,495	32.6
Common stock	Sale	-320	32.56
Common stock	Sale	-1,938	32.61
Common stock	Sale	-120	32.88
Common stock	Sale	-923	32.62
Common stock	Sale	-588	32.73
Common stock	Sale	-138	32.74
Common stock	Sale	-118	32.47
Common stock	Sale	-484	32.55
Common stock	Sale	-536	32.65
Common stock	Sale	-921	32.8
Common stock	Sale	-247	32.49
Common stock	Sale	-157	32.53
Common stock	Sale	-354	32.59
Common stock	Sale	-60	32.4
Common stock	Sale	-350	32.48
Common stock	Sale	-675	32.58
Common stock	Sale	-342	32.52
Common stock	Sale	-155	32.57
Common stock	Sale	-688	32.5
Common stock	Sale	-388	32.51
Common stock	Sale	-1,780	32.66
Common stock	Sale	-111	32.92
Common stock	Sale	-1,096	33.05
Common stock	Sale	-900	32.7
Common stock	Sale	-1,007	32.71
Common stock	Sale	-330	32.95
Common stock	Sale	-270	33.08
Common stock	Sale	-60	33.11
Common stock	Sale	-129	32.77
Common stock	Sale	-1,456	32.69
Common stock	Sale	-670	32.79
Common stock	Sale	-428	32.72
Common stock	Sale	-1,582	32.68
Common stock	Sale	-126	33.25
Common stock	Sale	-154	33.29
Common stock	Sale	-186	33.17

(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	-4,156	32.784817
Common stock	CFD	Reducing long position	-2,907	32.877652
Common stock	CFD	Reducing short position	-3,842	32.784875

(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:	11 November 2015
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

RETUAVRRVVAAAAA

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