24th Oct 2014 15:45
Punch Taverns plc (the "Company") 24 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: |
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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:
Serengeti Asset Management LP
4. Full name of shareholder(s) (if different from 3):
(i) Serengeti Lycaon MM L.P.
(ii) Serengeti Opportunities MM L.P.
(iii) Rapax Master Fund Ltd
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:
24 October 2014
7. Threshold(s) that is/are crossed or reached:
3%
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 | |
GB00BPXRVT80 | 0 | 0 |
Resulting situation after the triggering transaction | ||||
Number of shares | Number of voting rights | % of voting rights | ||
Direct | Direct | Indirect | Direct | Indirect |
|
| 7,690,636 shares |
| 3.466% |
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 |
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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 | |
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| Nominal | Delta |
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Total (A+B+C)
Number of voting rights | % of voting rights |
7,690,636 shares | 3.466% |
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
Serengeti Asset Management LP is the investment advisor of each of (i) Serengeti Lycaon MM L.P., (ii) Serengeti Opportunities MM L.P. and (iii) Rapax Master Fund Ltd
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