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Form 8.3 - Betfair Plc

26th Oct 2015 15:00

RNS Number : 4428D

Citadel Group

26 October 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	23 October 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	6,562	0.00
(2) Cash-settled derivatives:	1,291,665	1.39	16,215	0.02
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:
TOTAL:	1,291,665	1.39	22,777	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	277	31.8
Common stock	Purchase	1	31.6
Common stock	Purchase	72	32.07
Common stock	Purchase	65	32.06
Common stock	Purchase	175	31.98
Common stock	Purchase	173	31.99
Common stock	Purchase	296	31.97
Common stock	Purchase	70	31.88
Common stock	Purchase	40	31.74
Common stock	Purchase	38	31.7
Common stock	Purchase	65	31.81
Common stock	Purchase	20	32.05
Common stock	Purchase	327	31.91
Common stock	Purchase	25	31.92
Common stock	Purchase	136	31.96
Common stock	Purchase	40	32.04
Common stock	Purchase	151	31.49
Common stock	Purchase	206	31.46
Common stock	Purchase	1,017	32
Common stock	Purchase	358	31.34
Common stock	Purchase	78	31.94
Common stock	Purchase	50	31.95
Common stock	Purchase	304	31.63
Common stock	Purchase	238	32.02
Common stock	Purchase	186	31.69
Common stock	Purchase	373	31.93
Common stock	Purchase	20	31.84
Common stock	Purchase	194	31.9
Common stock	Purchase	96	31.61
Common stock	Purchase	94	32.08
Common stock	Purchase	197	31.58
Common stock	Purchase	62	31.72
Common stock	Purchase	155	31.73
Common stock	Purchase	171	32.01
Common stock	Purchase	292	31.87
Common stock	Purchase	562	31.86
Common stock	Purchase	45	31.68
Common stock	Purchase	300	31.89
Common stock	Purchase	266	31.76
Common stock	Purchase	674	31.75
Common stock	Purchase	119	31.62
Common stock	Purchase	26	31.59
Common stock	Purchase	28	31.54
Common stock	Purchase	146	31.48
Common stock	Purchase	243	31.32
Common stock	Purchase	81	31.35
Common stock	Purchase	694	31.38
Common stock	Purchase	187	31.47
Common stock	Purchase	192	31.28
Common stock	Purchase	25	31.39
Common stock	Purchase	575	31.36
Common stock	Purchase	276	31.33
Common stock	Purchase	719	31.45
Common stock	Purchase	247	31.44
Common stock	Purchase	447	31.4
Common stock	Purchase	50	31.31
Common stock	Purchase	180	31.29
Common stock	Purchase	487	31.41
Common stock	Purchase	200	31.42
Common stock	Purchase	41	31.27
Common stock	Purchase	403	31.25
Common stock	Sale	-57	31.8
Common stock	Sale	-151	31.6
Common stock	Sale	-10	31.53
Common stock	Sale	-453	32.09
Common stock	Sale	-170	32.11
Common stock	Sale	-62	32.13
Common stock	Sale	-325	32.07
Common stock	Sale	-494	32.06
Common stock	Sale	-209	31.78
Common stock	Sale	-189	31.98
Common stock	Sale	-242	31.99
Common stock	Sale	-524	31.97
Common stock	Sale	-283	31.88
Common stock	Sale	-132	31.74
Common stock	Sale	-372	31.7
Common stock	Sale	-128	31.71
Common stock	Sale	-94	31.67
Common stock	Sale	-50	31.66
Common stock	Sale	-110	31.65
Common stock	Sale	-265	31.64
Common stock	Sale	-451	31.81
Common stock	Sale	-86	32.03
Common stock	Sale	-70	31.3
Common stock	Sale	-250	31.91
Common stock	Sale	-444	31.92
Common stock	Sale	-131	31.96
Common stock	Sale	-71	32.04
Common stock	Sale	-103	31.49
Common stock	Sale	-401	31.46
Common stock	Sale	-20	32
Common stock	Sale	-20	31.34
Common stock	Sale	-20	31.94
Common stock	Sale	-35	31.95
Common stock	Sale	-470	31.77
Common stock	Sale	-67	31.63
Common stock	Sale	-67	31.69
Common stock	Sale	-20	31.82
Common stock	Sale	-986	31.93
Common stock	Sale	-75	31.79
Common stock	Sale	-60	31.9
Common stock	Sale	-20	31.61
Common stock	Sale	-150	32.08
Common stock	Sale	-292	31.72
Common stock	Sale	-478	31.73
Common stock	Sale	-70	32.01
Common stock	Sale	-45	31.87
Common stock	Sale	-210	31.86
Common stock	Sale	-40	31.56
Common stock	Sale	-45	31.57
Common stock	Sale	-177	31.68
Common stock	Sale	-130	31.89
Common stock	Sale	-488	31.76
Common stock	Sale	-508	31.75
Common stock	Sale	-63	31.62
Common stock	Sale	-20	31.59
Common stock	Sale	-35	31.54
Common stock	Sale	-55	31.48
Common stock	Sale	-25	31.35
Common stock	Sale	-1,092	31.38
Common stock	Sale	-220	31.43
Common stock	Sale	-84	31.47
Common stock	Sale	-85	31.28
Common stock	Sale	-180	31.37
Common stock	Sale	-221	31.39
Common stock	Sale	-970	31.36
Common stock	Sale	-25	31.33
Common stock	Sale	-720	31.45
Common stock	Sale	-15	31.44
Common stock	Sale	-109	31.4
Common stock	Sale	-375	31.31
Common stock	Sale	-20	31.29
Common stock	Sale	-221	31.41
Common stock	Sale	-80	31.42
Common stock	Sale	-240	31.27

(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	2,797	31.899989
Common stock	CFD	Reducing long position	-506	31.773632
Common stock	CFD	Reducing long position	-2,291	31.773806
Common stock	CFD	Reducing long position	-1,611	31.773632
Common stock	CFD	Reducing short position	280	32.004714

(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 October 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

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