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Form 8.3 - Betfair Group Plc

11th Jan 2016 15:00

RNS Number : 4407L

Citadel Group

11 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	8 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:	0	0.00	991	0.00
(2) Cash-settled derivatives:	1,165,211	1.25	17,500	0.02
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:
TOTAL:	1,165,211	1.25	18,491	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	144	38.83
Common stock	Purchase	170	38.93
Common stock	Purchase	35	38.94
Common stock	Purchase	65	38.9
Common stock	Purchase	132	38.92
Common stock	Purchase	239	39.14
Common stock	Purchase	200	39.2
Common stock	Purchase	233	39.25
Common stock	Purchase	92	39.08
Common stock	Purchase	445	39.26
Common stock	Purchase	613	39.28
Common stock	Purchase	802	39.27
Common stock	Purchase	25	39.47
Common stock	Purchase	164	39.45
Common stock	Purchase	354	39.59
Common stock	Purchase	1,361	39.6
Common stock	Purchase	66	39.69
Common stock	Purchase	485	39.43
Common stock	Purchase	4,165	39.65
Common stock	Purchase	3,315	39.63
Common stock	Purchase	144	39.57
Common stock	Purchase	701	39.71
Common stock	Purchase	523	39.83
Common stock	Purchase	1,107	39.82
Common stock	Purchase	61	39.9
Common stock	Purchase	42	39.91
Common stock	Purchase	435	39.76
Common stock	Purchase	887	39.78
Common stock	Purchase	652	39.81
Common stock	Purchase	840	39.85
Common stock	Purchase	584	39.74
Common stock	Purchase	1,129	39.75
Common stock	Purchase	239	39.79
Common stock	Purchase	2,142	39.77
Common stock	Purchase	48	39.34
Common stock	Purchase	176	39.35
Common stock	Purchase	633	39.41
Common stock	Purchase	740	39.48
Common stock	Purchase	519	39.55
Common stock	Purchase	19	39.53
Common stock	Purchase	93	39.52
Common stock	Purchase	20	39.68
Common stock	Purchase	139	39.86
Common stock	Purchase	188	39.73
Common stock	Purchase	231	39.67
Common stock	Purchase	158	39.8
Common stock	Purchase	610	39.7
Common stock	Purchase	235	39.31
Common stock	Purchase	1,328	39.4
Common stock	Purchase	2,808	39.5
Common stock	Purchase	178	39.54
Common stock	Purchase	333	39.62
Common stock	Purchase	123	39.87
Common stock	Purchase	1	39.36
Common stock	Purchase	8	39.38
Common stock	Purchase	40	39.56
Common stock	Purchase	168	39.61
Common stock	Purchase	147	39.13
Common stock	Purchase	648	39.29
Common stock	Purchase	123	39.3
Common stock	Purchase	501	39.22
Common stock	Purchase	115	39.23
Common stock	Purchase	50	39.37
Common stock	Purchase	63	39.44
Common stock	Purchase	51	39.64
Common stock	Purchase	269	39.19
Common stock	Purchase	128	39.24
Common stock	Purchase	140	39.46
Common stock	Sale	-234	38.94
Common stock	Sale	-187	39
Common stock	Sale	-141	39.2
Common stock	Sale	-62	39.01
Common stock	Sale	-161	39.32
Common stock	Sale	-1,121	39.25
Common stock	Sale	-445	39.26
Common stock	Sale	-32	39.28
Common stock	Sale	-201	39.27
Common stock	Sale	-46	39.47
Common stock	Sale	-69	39.45
Common stock	Sale	-90	39.59
Common stock	Sale	-705	39.69
Common stock	Sale	-779	39.43
Common stock	Sale	-114	39.65
Common stock	Sale	-2,223	39.63
Common stock	Sale	-772	39.58
Common stock	Sale	-531	39.71
Common stock	Sale	-1,340	39.83
Common stock	Sale	-766	39.82
Common stock	Sale	-454	39.93
Common stock	Sale	-1,881	39.76
Common stock	Sale	-1,108	39.78
Common stock	Sale	-827	39.81
Common stock	Sale	-2,113	39.74
Common stock	Sale	-2,091	39.75
Common stock	Sale	-1,121	39.79
Common stock	Sale	-2,759	39.77
Common stock	Sale	-385	39.41
Common stock	Sale	-760	39.48
Common stock	Sale	-114	39.55
Common stock	Sale	-100	39.53
Common stock	Sale	-900	39.52
Common stock	Sale	-1,115	39.68
Common stock	Sale	-512	39.73
Common stock	Sale	-302	39.67
Common stock	Sale	-2,259	39.8
Common stock	Sale	-494	39.7
Common stock	Sale	-479	39.31
Common stock	Sale	-141	39.4
Common stock	Sale	-180	39.54
Common stock	Sale	-82	39.62
Common stock	Sale	-760	39.72
Common stock	Sale	-127	39.38
Common stock	Sale	-163	39.42
Common stock	Sale	-140	39.56
Common stock	Sale	-164	39.61
Common stock	Sale	-60	39.29
Common stock	Sale	-282	39.22
Common stock	Sale	-364	39.37
Common stock	Sale	-749	39.66
Common stock	Sale	-193	39.89
Common stock	Sale	-1,124	39.84
Common stock	Sale	-86	39.39
Common stock	Sale	-107	39.46
Common stock	Sale	-96	39.49

(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	Increasing long position	2,016	39.672669
Common stock	CFD	Reducing long position	-798	39.805169
Common stock	CFD	Reducing long position	-3,191	39.805165
Common stock	CFD	Reducing long position	-6,956	39.855
Common stock	CFD	Reducing long position	-2,343	39.855
Common stock	CFD	Reducing long position	-26	39.82
Common stock	CFD	Reducing long position	-1,475	39.73
Common stock	CFD	Reducing long position	-800	39.82
Common stock	CFD	Reducing long position	-701	39.855
Common stock	CFD	Reducing long position	-3,774	39.73
Common stock	CFD	Reducing long position	-558	39.731425
Common stock	CFD	Reducing long position	-2,230	39.731357
Common stock	CFD	Reducing short position	214	39.769956
Common stock	CFD	Reducing short position	240	39.769956

(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 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

RETUARARNBAAAAR

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