13th May 2010 08:52
Punch Taverns plc (the "Company") 13 May 2010
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)
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An acquisition or disposal of voting rights: |
X |
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An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached: |
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An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments: |
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An event changing the breakdown of voting rights: |
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Other (please specify): |
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3. Full name of person(s) subject to the notification obligation:
Glenhill Capital Management LLC
Glenhill Capital Overseas GP Ltd.
4. Full name of shareholder(s) (if different from 3):
Glenhill Capital LP
Glenhill Capital Overseas Master Fund LP
5. Date of the transaction (and date on which the threshold if crossed or reached if different):
3 February 2010
6. Date on which issuer notified:
13 May 2010
7. Threshold(s) that is/are crossed or reached:
3%
8. Notified details:
A: Voting rights attached to shares
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Class/type of shares if possible using the ISIN CODE |
Situation previous to the triggering transaction |
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Number of shares |
Number of voting rights |
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GB0031552861 |
20,301,440 |
20,301,440 |
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Resulting situation after the triggering transaction |
||||
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Number of shares |
Number of voting rights |
% of voting rights |
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Direct |
Direct |
Indirect |
Direct |
Indirect |
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19,000,000 |
N/A |
19,000,000 |
N/A |
2.96% |
B: Qualifying Financial Instruments
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Resulting situation after the triggering transaction |
||||
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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 |
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N/A |
N/A |
N/A |
N/A |
N/A |
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments
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Resulting situation after the triggering transaction |
||||||
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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 |
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N/A |
N/A |
N/A |
N/A |
N/A |
Nominal |
Delta |
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N/A |
N/A |
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Total (A+B+C)
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Number of voting rights |
% of voting rights |
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19,000,000 |
2.96% |
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
N/A
Proxy Voting:
10. Name of the proxy holder:
Glenn J. Krevlin as director of Glenhill Capital Overseas GP Ltd and as Managing Member of Glenhill Advisors LLC.
11. Number of voting rights proxy holder will cease to hold:
N/A
12. Date on which proxy holder will cease to hold voting rights:
N/A
13. Additional information:
None
14. Contact name:
Claire Stewart; Deputy Company Secretary
Contact telephone number:
(01283) 501858
Related Shares:
Punch Taverns PLC