Holding(s) in Company

9th Jul 2009 14:02



Punch Taverns plc (the "Company") 9 July 2009

TR-1 NOTIFICATION OF MAJOR INTERESTS IN SHARES

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

Punch Taverns plc

2. Reason for the notification (please tick the appropriate box or boxes)

An acquisition or disposal of voting rights:
An acquisition or disposal of 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:	X
An event changing the breakdown of voting rights:
Other (please specify):

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

D. E. Shaw & Co., L.P.

D. E. Shaw & Co. (U.K.), Ltd.

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

N/A

5. Date of the transaction (and date on which the threshold if crossed or reached if different):

6 July 2009

6. Date on which issuer notified:

8 July 2009

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

7%

8. Notified details:

A: Voting rights attached to shares

Class/type of shares if possible using the ISIN CODE	Situation previous to the triggering transaction
	Number of shares	Number of voting rights
GB0031552861	11,966,778	11,966,778

Resulting situation after the triggering transaction
Number of shares	Number of voting rights		% of voting rights
Direct	Direct	Indirect	Direct	Indirect
		11,966,778		1.86%

B:  Qualifying Financial Instruments

Resulting situation after the triggering transaction
Type of financial instrument	Expiration date	Exercise/Conversion/Period Date	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 Date	Number of voting rights that may be acquired if the instrument is exercised/ converted	% of voting rights
Contract for Differences	N/A	8-Dec-09	N/A	8,059,825	Nominal	Delta
						1.26%
Contract for Differences	N/A	27-May-10	N/A	15,756,709	Nominal	Delta
						2.45%
Contract for Differences	N/A	8-Jul-10	N/A	5,957,105	Nominal	Delta
						0.93%
Contract for Differences	N/A	2-Jul-10	N/A	1,500,00	Nominal	Delta
						0.23%
Contract for Differences	N/A	7-Sept-09	N/A	1,835,324	Nominal	Delta
						0.29%

Total (A+B+C)

Number of voting rights	% of voting rights
45,075,741	7.02%

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

Each of D. E. Shaw & Co., L.P. ("DESCO LP") and D. E. Shaw & Co. (U.K.), Ltd. ("DESCO UK") is notifying solely in its capacity as a discretionary investment manager. As general partner of DESCO LP, D. E. Shaw & Co., Inc. ("DESCO Inc.") is a parent undertaking of DESCO LP and DESCO UK. By virtue of David E. Shaw's position as president and sole shareholder of DESCO, Inc., which is the general partner of DESCO LP, David E. Shaw is a parent undertaking of DESCO LP and DESCO UK.

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:

14. Contact name:

Claire Stewart, Assistant Company Secretary

15. Contact telephone number:

(01283) 501 858

ENDHOLUUUGUMUPBGWB

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Related Shares:

Punch Taverns PLC