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Form 8.3 - Betfair Group Plc

7th Jan 2016 15:00

RNS Number : 1497L

Citadel Group

07 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	6 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:	1,899	0.00	0	0.00
(2) Cash-settled derivatives:	1,182,963	1.27	17,954	0.02
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:
TOTAL:	1,184,862	1.27	17,954	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	129	38.15
Common stock	Purchase	25	38.17
Common stock	Purchase	50	38.13
Common stock	Purchase	397	38.24
Common stock	Purchase	876	38.23
Common stock	Purchase	521	38.22
Common stock	Purchase	587	38.25
Common stock	Purchase	182	38.21
Common stock	Purchase	303	38.26
Common stock	Purchase	144	38.18
Common stock	Purchase	297	38.16
Common stock	Purchase	1,084	38.36
Common stock	Purchase	74	38.41
Common stock	Purchase	788	38.31
Common stock	Purchase	2,952	38.3
Common stock	Purchase	150	38.39
Common stock	Purchase	544	38.37
Common stock	Purchase	81	38.2
Common stock	Purchase	50	38.49
Common stock	Purchase	109	38.19
Common stock	Purchase	603	38.42
Common stock	Purchase	733	38.52
Common stock	Purchase	337	38.57
Common stock	Purchase	271	38.56
Common stock	Purchase	71	38.51
Common stock	Purchase	430	38.5
Common stock	Purchase	60	38.55
Common stock	Purchase	1,688	38.28
Common stock	Purchase	1,497	38.35
Common stock	Purchase	313	38.38
Common stock	Purchase	191	38.54
Common stock	Purchase	2,219	38.33
Common stock	Purchase	1,431	38.34
Common stock	Purchase	27	38.43
Common stock	Purchase	1,494	38.29
Common stock	Purchase	375	38.59
Common stock	Purchase	253	38.48
Common stock	Purchase	250	38.4
Common stock	Purchase	523	38.27
Common stock	Purchase	261	38.62
Common stock	Purchase	622	38.61
Common stock	Purchase	171	38.6
Common stock	Purchase	1,704	38.63
Common stock	Purchase	1,383	38.65
Common stock	Purchase	65	38.68
Common stock	Purchase	1,334	38.7
Common stock	Purchase	207	38.64
Common stock	Purchase	325	38.67
Common stock	Purchase	210	38.66
Common stock	Purchase	100	38.71
Common stock	Purchase	623	38.69
Common stock	Purchase	520	38.73
Common stock	Purchase	162	38.74
Common stock	Purchase	753	38.78
Common stock	Purchase	284	38.76
Common stock	Purchase	370	38.79
Common stock	Purchase	233	38.77
Common stock	Purchase	1,685	38.86
Common stock	Purchase	838	38.88
Common stock	Purchase	359	38.81
Common stock	Purchase	1,085	38.87
Common stock	Purchase	1,590	38.8
Common stock	Purchase	888	38.83
Common stock	Purchase	171	38.94
Common stock	Purchase	737	38.82
Common stock	Purchase	759	38.85
Common stock	Purchase	566	38.89
Common stock	Purchase	56	38.95
Common stock	Purchase	667	38.9
Common stock	Purchase	129	38.91
Common stock	Purchase	912	38.84
Common stock	Purchase	148	38.92
Common stock	Purchase	130	38.96
Common stock	Purchase	60	39
Common stock	Purchase	60	38.99
Common stock	Purchase	120	39.05
Common stock	Purchase	761	38.98
Common stock	Purchase	290	39.32
Common stock	Purchase	10	39.18
Common stock	Purchase	50	39.12
Common stock	Sale	-80	38.15
Common stock	Sale	-100	38.17
Common stock	Sale	-118	38.13
Common stock	Sale	-787	38.24
Common stock	Sale	-160	38.23
Common stock	Sale	-231	38.22
Common stock	Sale	-475	38.25
Common stock	Sale	-276	38.21
Common stock	Sale	-522	38.26
Common stock	Sale	-1,536	38.32
Common stock	Sale	-1,638	38.36
Common stock	Sale	-162	38.41
Common stock	Sale	-464	38.31
Common stock	Sale	-1,001	38.3
Common stock	Sale	-167	38.39
Common stock	Sale	-853	38.37
Common stock	Sale	-438	38.2
Common stock	Sale	-138	38.49
Common stock	Sale	-116	38.14
Common stock	Sale	-79	38.52
Common stock	Sale	-199	38.57
Common stock	Sale	-164	38.56
Common stock	Sale	-138	38.53
Common stock	Sale	-117	38.5
Common stock	Sale	-389	38.55
Common stock	Sale	-1,335	38.28
Common stock	Sale	-1,330	38.35
Common stock	Sale	-113	38.38
Common stock	Sale	-300	38.58
Common stock	Sale	-1,001	38.33
Common stock	Sale	-735	38.34
Common stock	Sale	-686	38.29
Common stock	Sale	-197	38.59
Common stock	Sale	-1,151	38.4
Common stock	Sale	-751	38.27
Common stock	Sale	-1,743	38.62
Common stock	Sale	-478	38.61
Common stock	Sale	-762	38.6
Common stock	Sale	-583	38.63
Common stock	Sale	-47	38.65
Common stock	Sale	-372	38.68
Common stock	Sale	-60	38.7
Common stock	Sale	-484	38.64
Common stock	Sale	-2	38.72
Common stock	Sale	-320	38.66
Common stock	Sale	-734	38.69
Common stock	Sale	-579	38.73
Common stock	Sale	-500	38.74
Common stock	Sale	-212	38.78
Common stock	Sale	-1,482	38.79
Common stock	Sale	-1,427	38.77
Common stock	Sale	-906	38.86
Common stock	Sale	-2,014	38.88
Common stock	Sale	-422	38.81
Common stock	Sale	-600	38.87
Common stock	Sale	-144	38.8
Common stock	Sale	-582	38.83
Common stock	Sale	-137	38.93
Common stock	Sale	-202	38.94
Common stock	Sale	-1,086	38.82
Common stock	Sale	-566	38.85
Common stock	Sale	-1,218	38.89
Common stock	Sale	-132	38.95
Common stock	Sale	-120	38.9
Common stock	Sale	-522	38.91
Common stock	Sale	-1,073	38.84
Common stock	Sale	-863	38.92
Common stock	Sale	-188	39.1
Common stock	Sale	-491	39.09
Common stock	Sale	-584	39.05
Common stock	Sale	-50	39.03
Common stock	Sale	-410	39.32
Common stock	Sale	-57	39.25
Common stock	Sale	-527	39.06
Common stock	Sale	-780	39.08

(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	1108	38.740688
Common stock	CFD	Reducing short position	335	38.584776

(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:	7 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

RETUBVRRNWAARAR

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