13th Oct 2014 09:37
Punch Taverns plc (the "Company") 10 October 2014
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: | X |
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: |
|
An event changing the breakdown of voting rights: |
|
Other (please specify): |
|
3. Full name of person(s) subject to the notification obligation:
Avenue Europe International Management, L.P.
4. Full name of shareholder(s) (if different from 3):
Avenue-SLP European Opportunities Fund, L.P.
Avenue Europe Opportunities Master Fund, L.P.
Avenue Europe Special Situations Fund II (Euro), L.P.
Avenue Europe Special Situations Fund II (US), L.P.
Avenue - COPPERS Opportunities Fund, L.P.
5. Date of the transaction (and date on which the threshold if crossed or reached if different):
8 October 2014
6. Date on which issuer notified:
10 October 2014
7. Threshold(s) that is/are crossed or reached:
From 8% to 12%
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 | 57,200,592 | 57,200,592 |
Resulting situation after the triggering transaction | ||||
Number of shares | Number of voting rights | % of voting rights | ||
Direct | Direct | Indirect | Direct | Indirect |
- | - | 534,061,544 | - | 12.04% |
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 |
N/A | N/A | N/A | N/A | N/A |
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 | |
N/A | N/A | N/A | N/A | N/A | Nominal | Delta |
N/A | N/A | |||||
Total (A+B+C)
Number of voting rights | % of voting rights |
534,061,544 | 12.04% |
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
Avenue - COPPERS Opportunities Fund, L.P.
Avenue Europe Opportunities Master Fund, L.P.
Avenue-SLP European Opportunities Fund, L.P.
Avenue Europe Special Situations Fund II (Euro), L.P.
Avenue Europe Special Situations Fund II (US), L.P.
Funds holding greater than 3% of voting rights:
Avenue Europe Special Situations Fund II (Euro), L.P.: Number of Shares = 187,283,960; Number of Voting Rights = 187,283,960; % of Voting Rights = 4.22%
Avenue Europe Special Situations Fund II (US), L.P.: Number of Shares = 217,735,625; Number of Voting Rights = 217,735,625; % of Voting Rights = 4.91%
Proxy Voting:
10. Name of the proxy holder:
N/A
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:
N/A
14. Contact name:
Ed Bashforth, Company Secretary
15. Contact telephone number:
01283 501600
Related Shares:
Punch Taverns PLC