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Form 8.3 - Betfair Group Plc

12th Jan 2016 15:00

RNS Number : 6090L

Citadel Group

12 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	11 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:	8,458	0.01	0	0.00
(2) Cash-settled derivatives:	1,122,009	1.21	17,500	0.02
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:
TOTAL:	1,130,467	1.22	17,500	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	686	39.47
Common stock	Purchase	419	39.6
Common stock	Purchase	1,058	39.69
Common stock	Purchase	1,036	39.43
Common stock	Purchase	330	39.65
Common stock	Purchase	191	39.63
Common stock	Purchase	88	39.57
Common stock	Purchase	95	39.58
Common stock	Purchase	523	39.71
Common stock	Purchase	988	39.82
Common stock	Purchase	2,529	39.76
Common stock	Purchase	1,372	39.78
Common stock	Purchase	1,279	39.81
Common stock	Purchase	1,699	39.74
Common stock	Purchase	2,840	39.75
Common stock	Purchase	766	39.79
Common stock	Purchase	1,444	39.77
Common stock	Purchase	337	39.34
Common stock	Purchase	292	39.41
Common stock	Purchase	60	39.48
Common stock	Purchase	415	39.55
Common stock	Purchase	605	39.52
Common stock	Purchase	749	39.68
Common stock	Purchase	1,740	39.73
Common stock	Purchase	1,659	39.67
Common stock	Purchase	782	39.8
Common stock	Purchase	1,101	39.7
Common stock	Purchase	330	39.4
Common stock	Purchase	2,008	39.5
Common stock	Purchase	449	39.54
Common stock	Purchase	523	39.62
Common stock	Purchase	142	39.87
Common stock	Purchase	1,105	39.72
Common stock	Purchase	1,116	39.42
Common stock	Purchase	921	39.56
Common stock	Purchase	1,321	39.61
Common stock	Purchase	577	39.44
Common stock	Purchase	835	39.64
Common stock	Purchase	165	39.66
Common stock	Purchase	64	39.84
Common stock	Purchase	561	39.39
Common stock	Purchase	145	39.46
Common stock	Purchase	1,494	39.49
Common stock	Purchase	68	39.51
Common stock	Purchase	914	39.88
Common stock	Sale	-50	39.32
Common stock	Sale	-66	39.26
Common stock	Sale	-730	39.28
Common stock	Sale	-387	39.47
Common stock	Sale	-140	39.45
Common stock	Sale	-340	39.59
Common stock	Sale	-44	39.6
Common stock	Sale	-665	39.69
Common stock	Sale	-261	39.43
Common stock	Sale	-514	39.65
Common stock	Sale	-559	39.63
Common stock	Sale	-169	39.57
Common stock	Sale	-668	39.58
Common stock	Sale	-383	39.71
Common stock	Sale	-85	39.83
Common stock	Sale	-633	39.82
Common stock	Sale	-1,379	39.76
Common stock	Sale	-1,945	39.78
Common stock	Sale	-110	39.81
Common stock	Sale	-100	39.85
Common stock	Sale	-552	39.74
Common stock	Sale	-935	39.75
Common stock	Sale	-618	39.79
Common stock	Sale	-1,863	39.77
Common stock	Sale	-238	39.34
Common stock	Sale	-90	39.35
Common stock	Sale	-23	39.41
Common stock	Sale	-698	39.48
Common stock	Sale	-173	39.55
Common stock	Sale	-268	39.53
Common stock	Sale	-389	39.52
Common stock	Sale	-574	39.68
Common stock	Sale	-595	39.86
Common stock	Sale	-721	39.73
Common stock	Sale	-547	39.67
Common stock	Sale	-1,751	39.8
Common stock	Sale	-1,054	39.7
Common stock	Sale	-222	39.31
Common stock	Sale	-247	39.4
Common stock	Sale	-417	39.5
Common stock	Sale	-553	39.54
Common stock	Sale	-102	39.62
Common stock	Sale	-114	39.87
Common stock	Sale	-1,698	39.72
Common stock	Sale	-65	39.38
Common stock	Sale	-84	39.42
Common stock	Sale	-1,186	39.61
Common stock	Sale	-330	39.29
Common stock	Sale	-100	39.3
Common stock	Sale	-257	39.44
Common stock	Sale	-146	39.64
Common stock	Sale	-635	39.66
Common stock	Sale	-150	39.84
Common stock	Sale	-486	39.39
Common stock	Sale	-334	39.46
Common stock	Sale	-231	39.49
Common stock	Sale	-498	39.51
Common stock	Sale	-200	39.33

(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	-7,567	39.701294
Common stock	CFD	Reducing long position	-1,088	39.795
Common stock	CFD	Reducing long position	-1,891	39.701245
Common stock	CFD	Reducing long position	-3,353	39.812829
Common stock	CFD	Reducing long position	-343	39.798192
Common stock	CFD	Reducing long position	-8,734	39.812848
Common stock	CFD	Reducing long position	-3,219	39.795
Common stock	CFD	Reducing long position	-1,377	39.798192
Common stock	CFD	Reducing long position	-4,672	39.812848
Common stock	CFD	Reducing long position	-2,339	39.792807
Common stock	CFD	Reducing long position	-2,338	39.79281
Common stock	CFD	Reducing long position	-585	39.792803
Common stock	CFD	Reducing long position	-584	39.792808
Common stock	CFD	Reducing long position	-5,112	39.6577

(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:	12 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

RETUUAURNWAAAAR

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