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Holding(s) in Company

28th Nov 2013 11:16

RNS Number : 1836U
bwin.party digital entertainment
28 November 2013
 



 

28 November 2013

 

bwin.party digital entertainment plc

 

 

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

 

 

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

 

bwin.party digital entertainment plc

 

2. Reason for the notification:

 

An acquisition or disposal of voting rights: ( )

 

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached: ( )

 

An acquisition or disposal of instruments with similar economic effect to qualifying financial

instruments: ( )

 

An event changing the breakdown of voting rights: ( )

 

Other: (X) Further to the announcement made on 31 October 2013, Peter C Montegriffo as Trustee of both the Emerald Trust and the Stinson Trust, has become entitled to exercise the voting rights attaching to shares held by Emerald Bay Limited and Stinson Ridge Limited pursuant to divestiture arrangements.

 

3. Full name of person(s) subject to the notification obligation:

 

Peter Cecil Montegriffo

Ruth Monicka Parasol DeLeon

James Russell DeLeon

 

4. Full name of shareholder(s) (if different from 3.):

 

Emerald Bay Limited

Stinson Ridge Limited

 

5. Date of the transaction and date on which the threshold is crossed or reached:

 

21 November 2013

 

6. Date on which issuer notified:

 

28 November 2013

 

7. Threshold(s) that is/are crossed or reached:

 

From below 3% to over 14%

 

8. Notified details:

 

A: Voting rights attached to shares

 

Class/type of shares

 

GI000A0MV757

 

Situation previous to the triggering transaction

 

Number of Shares

 

Below 3%

 

Number of Voting Rights

 

Below 3%

 

Resulting situation after the triggering transaction

 

Number of shares

Direct

 

Below 3%

 

Number of voting rights

Direct

 

Below 3%

 

Number of voting rights

Indirect

 

116,997,333

 

% of voting rights

 

Direct

 

Below 3%

 

% of voting rights

 

Indirect

 

14.3%

 

B: Qualifying Financial Instruments

 

Resulting situation after the triggering transaction

 

Type of financial instrument

 

-

 

Expiration date

 

-

 

Exercise/ Conversion period

 

-

 

 

Number of voting rights that may be acquired if the instrument is exercised/ converted.

 

-

 

% of voting rights

 

-

 

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

 

Resulting situation after the triggering transaction

 

Type of financial instrument

 

-

 

Exercise Price

 

-

 

Expiration date

 

-

 

Exercise/ Conversion period

 

-

 

Number of voting rights instrument refers to

 

-

 

% of voting rights

 

Nominal

 

-

 

Delta

 

-

 

Total (A+B+C)

 

Number of voting rights

 

116,997,333

 

% of voting rights

 

14.3%

 

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:

 

58,498,667 voting rights held through Emerald Bay Limited

 

58,498,666 voting rights held through Stinson Ridge Limited

 

Proxy Voting:

10. Name of the proxy holder:

-

11. Number of voting rights proxy holder will cease to hold:

-

12. Date on which proxy holder will cease to hold voting rights:

-

13. Additional information:

 

Further to the announcement made by bwin.party digital entertainment plc ("bwin.party") on 31 October 2013 regarding certain divestiture arrangements, those divestiture arrangements have now become unconditional, and Peter C Montegriffo, as the trustee of both the Emerald Trust and Stinson Trust is now entitled to exercise the voting rights attaching to the shares in bwin.party held by Emerald Bay Limited and Stinson Ridge Limited. Ruth Monicka Parasol DeLeon and James Russell DeLeon will (respectively) continue to be beneficially interested in the bwin.party shares for as long as the Emerald Trust (in the case of Ruth Monicka Parasol DeLeon) or Stinson Trust (in the case of James Russell DeLeon) continue to own the underlying bwin.party shares, but the voting rights attaching to such shares shall be exercised in the sole discretion of Peter Montegriffo as trustee of both the Emerald Trust and the Stinson Trust.

 

14. Contact name:

 

Robert Hoskin

 

15. Contact telephone number:

 

+350 200 78700

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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