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Form 8.3 - Betfair Group Plc

26th Jan 2016 15:00

RNS Number : 0200N

Citadel Group

26 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	25 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:	4,514	0.01	0	0.00
(2) Cash-settled derivatives:	1,027,353	1.10	17,122	0.02
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:
TOTAL:	1,031,867	1.11	17,122	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	1,771	40.5
Common stock	Purchase	1,220	39.02
Common stock	Purchase	137	39
Common stock	Purchase	140	39.14
Common stock	Purchase	171	39.17
Common stock	Purchase	86	39.2
Common stock	Purchase	252	39.1
Common stock	Purchase	103	39.09
Common stock	Purchase	1,124	39.05
Common stock	Purchase	479	39.03
Common stock	Purchase	250	39.01
Common stock	Purchase	9	39.04
Common stock	Purchase	533	39.07
Common stock	Purchase	211	39.32
Common stock	Purchase	11	39.18
Common stock	Purchase	348	39.12
Common stock	Purchase	816	39.06
Common stock	Purchase	560	39.08
Common stock	Purchase	58	39.26
Common stock	Purchase	312	39.28
Common stock	Purchase	1,477	39.47
Common stock	Purchase	1,082	39.45
Common stock	Purchase	28	39.59
Common stock	Purchase	104	39.6
Common stock	Purchase	292	39.43
Common stock	Purchase	540	39.65
Common stock	Purchase	170	39.63
Common stock	Purchase	283	39.57
Common stock	Purchase	608	39.58
Common stock	Purchase	1,115	39.83
Common stock	Purchase	175	39.82
Common stock	Purchase	656	39.9
Common stock	Purchase	351	39.91
Common stock	Purchase	692	39.93
Common stock	Purchase	57	39.76
Common stock	Purchase	168	39.81
Common stock	Purchase	1,135	39.85
Common stock	Purchase	499	39.75
Common stock	Purchase	67	39.77
Common stock	Purchase	102	39.34
Common stock	Purchase	841	39.35
Common stock	Purchase	865	39.41
Common stock	Purchase	514	39.48
Common stock	Purchase	112	39.55
Common stock	Purchase	408	39.53
Common stock	Purchase	470	39.52
Common stock	Purchase	33	39.68
Common stock	Purchase	94	39.86
Common stock	Purchase	67	39.73
Common stock	Purchase	92	39.67
Common stock	Purchase	32	39.8
Common stock	Purchase	340	39.4
Common stock	Purchase	3,225	39.5
Common stock	Purchase	873	39.54
Common stock	Purchase	597	39.87
Common stock	Purchase	376	39.36
Common stock	Purchase	220	39.38
Common stock	Purchase	285	39.42
Common stock	Purchase	144	39.56
Common stock	Purchase	342	39.13
Common stock	Purchase	849	39.29
Common stock	Purchase	804	39.3
Common stock	Purchase	277	39.23
Common stock	Purchase	444	39.37
Common stock	Purchase	217	39.44
Common stock	Purchase	301	39.19
Common stock	Purchase	513	39.24
Common stock	Purchase	126	39.66
Common stock	Purchase	584	39.89
Common stock	Purchase	831	39.84
Common stock	Purchase	362	39.46
Common stock	Purchase	294	39.49
Common stock	Purchase	237	39.51
Common stock	Purchase	717	39.88
Common stock	Purchase	441	39.92
Common stock	Purchase	62	39.94
Common stock	Purchase	656	39.95
Common stock	Purchase	624	39.11
Common stock	Purchase	156	39.16
Common stock	Purchase	73	39.15
Common stock	Purchase	1,933	39.98
Common stock	Purchase	231	40.02
Common stock	Purchase	146	40.01
Common stock	Purchase	2,533	40.23
Common stock	Purchase	618	39.99
Common stock	Purchase	449	40.26
Common stock	Purchase	1,001	39.97
Common stock	Purchase	134	40.35
Common stock	Purchase	503	40.29
Common stock	Purchase	1,207	40.3
Common stock	Purchase	444	40.34
Common stock	Purchase	806	40.28
Common stock	Purchase	740	40.25
Common stock	Purchase	888	40.44
Common stock	Purchase	177	40.49
Common stock	Purchase	295	40.54
Common stock	Purchase	1,009	40.27
Common stock	Purchase	308	40.09
Common stock	Purchase	669	40.39
Common stock	Purchase	254	40.33
Common stock	Purchase	1,853	40.31
Common stock	Purchase	381	40.19
Common stock	Purchase	1,652	39.96
Common stock	Purchase	325	40.15
Common stock	Purchase	491	40.45
Common stock	Purchase	471	40.58
Common stock	Purchase	102	40.42
Common stock	Purchase	938	40.24
Common stock	Purchase	262	40.41
Common stock	Purchase	565	40.4
Common stock	Purchase	944	40.1
Common stock	Purchase	124	40.18
Common stock	Purchase	350	40.14
Common stock	Purchase	311	40.36
Common stock	Purchase	41	40.37
Common stock	Purchase	364	40.7
Common stock	Purchase	435	40.2
Common stock	Purchase	37	40.47
Common stock	Purchase	522	40
Common stock	Purchase	150	40.59
Common stock	Purchase	101	40.32
Common stock	Purchase	533	40.03
Common stock	Purchase	60	40.12
Common stock	Purchase	60	40.22
Common stock	Purchase	200	40.11
Common stock	Purchase	80	40.04
Common stock	Purchase	20	40.61
Common stock	Purchase	102	40.08
Common stock	Purchase	82	40.52
Common stock	Purchase	143	40.17
Common stock	Purchase	259	40.69
Common stock	Sale	-94	40.68
Common stock	Sale	-922	40.5
Common stock	Sale	-110	38.96
Common stock	Sale	-388	39.02
Common stock	Sale	-471	39
Common stock	Sale	-521	39.14
Common stock	Sale	-25	39.17
Common stock	Sale	-530	38.99
Common stock	Sale	-522	39.2
Common stock	Sale	-1,254	39.1
Common stock	Sale	-447	39.09
Common stock	Sale	-517	39.05
Common stock	Sale	-113	38.98
Common stock	Sale	-620	39.03
Common stock	Sale	-200	39.01
Common stock	Sale	-9	39.04
Common stock	Sale	-216	39.07
Common stock	Sale	-307	39.32
Common stock	Sale	-177	39.12
Common stock	Sale	-326	39.25
Common stock	Sale	-317	39.06
Common stock	Sale	-77	39.08
Common stock	Sale	-82	39.26
Common stock	Sale	-461	39.28
Common stock	Sale	-211	39.27
Common stock	Sale	-828	39.47
Common stock	Sale	-206	39.45
Common stock	Sale	-212	39.59
Common stock	Sale	-227	39.69
Common stock	Sale	-150	39.43
Common stock	Sale	-600	39.65
Common stock	Sale	-145	39.63
Common stock	Sale	-260	39.57
Common stock	Sale	-173	39.83
Common stock	Sale	-578	39.82
Common stock	Sale	-835	39.9
Common stock	Sale	-611	39.91
Common stock	Sale	-795	39.93
Common stock	Sale	-110	39.81
Common stock	Sale	-315	39.85
Common stock	Sale	-302	39.74
Common stock	Sale	-766	39.75
Common stock	Sale	-123	39.79
Common stock	Sale	-50	39.34
Common stock	Sale	-325	39.35
Common stock	Sale	-117	39.41
Common stock	Sale	-726	39.48
Common stock	Sale	-219	39.55
Common stock	Sale	-1,410	39.53
Common stock	Sale	-707	39.52
Common stock	Sale	-1,049	39.68
Common stock	Sale	-351	39.86
Common stock	Sale	-79	39.73
Common stock	Sale	-184	39.67
Common stock	Sale	-374	39.8
Common stock	Sale	-48	39.31
Common stock	Sale	-418	39.5
Common stock	Sale	-335	39.54
Common stock	Sale	-84	39.87
Common stock	Sale	-354	39.42
Common stock	Sale	-755	39.13
Common stock	Sale	-946	39.29
Common stock	Sale	-60	39.3
Common stock	Sale	-27	39.22
Common stock	Sale	-186	39.23
Common stock	Sale	-312	39.44
Common stock	Sale	-277	39.64
Common stock	Sale	-85	39.24
Common stock	Sale	-483	39.66
Common stock	Sale	-277	39.89
Common stock	Sale	-612	39.84
Common stock	Sale	-121	39.46
Common stock	Sale	-403	39.49
Common stock	Sale	-843	39.51
Common stock	Sale	-623	39.88
Common stock	Sale	-303	39.33
Common stock	Sale	-745	39.92
Common stock	Sale	-1,768	39.94
Common stock	Sale	-1,066	39.95
Common stock	Sale	-121	39.11
Common stock	Sale	-5	39.16
Common stock	Sale	-134	39.21
Common stock	Sale	-2,023	39.98
Common stock	Sale	-294	40.02
Common stock	Sale	-228	40.01
Common stock	Sale	-171	40.23
Common stock	Sale	-190	39.99
Common stock	Sale	-928	40.26
Common stock	Sale	-562	39.97
Common stock	Sale	-60	40.35
Common stock	Sale	-1,044	40.29
Common stock	Sale	-575	40.3
Common stock	Sale	-720	40.34
Common stock	Sale	-1,378	40.28
Common stock	Sale	-264	40.25
Common stock	Sale	-723	40.44
Common stock	Sale	-50	40.49
Common stock	Sale	-566	40.54
Common stock	Sale	-471	40.27
Common stock	Sale	-122	40.09
Common stock	Sale	-379	40.39
Common stock	Sale	-99	40.33
Common stock	Sale	-94	40.31
Common stock	Sale	-524	40.19
Common stock	Sale	-678	39.96
Common stock	Sale	-563	40.15
Common stock	Sale	-509	40.45
Common stock	Sale	-247	40.58
Common stock	Sale	-603	40.42
Common stock	Sale	-458	40.24
Common stock	Sale	-246	40.41
Common stock	Sale	-460	40.4
Common stock	Sale	-93	40.1
Common stock	Sale	-372	40.18
Common stock	Sale	-21	40.14
Common stock	Sale	-1,405	40.36
Common stock	Sale	-782	40.37
Common stock	Sale	-214	40.2
Common stock	Sale	-328	40.47
Common stock	Sale	-585	40
Common stock	Sale	-330	40.32
Common stock	Sale	-199	40.22
Common stock	Sale	-206	40.11
Common stock	Sale	-36	40.61
Common stock	Sale	-681	40.08
Common stock	Sale	-202	40.52
Common stock	Sale	-388	40.17
Common stock	Sale	-100	40.69
Common stock	Sale	-288	40.06
Common stock	Sale	-1,583	40.38
Common stock	Sale	-367	40.65
Common stock	Sale	-417	40.64
Common stock	Sale	-248	40.55
Common stock	Sale	-209	40.62
Common stock	Sale	-586	40.46
Common stock	Sale	-291	40.16
Common stock	Sale	-104	40.13
Common stock	Sale	-822	40.21
Common stock	Sale	-157	40.57
Common stock	Sale	-703	40.53
Common stock	Sale	-90	40.63
Common stock	Sale	-212	40.6
Common stock	Sale	-756	40.43
Common stock	Sale	-35	40.51
Common stock	Sale	-31	40.67
Common stock	Sale	-35	40.56

(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 short position	-840	40.265071
Common stock	CFD	Reducing long position	-1,421	40.008705

(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:	26 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

RETUNUARNSAAUAR

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