11th Jul 2008 10:44
Punch Taverns plc (the "Company")11 July 2008
TR-1 NOTIFICATION OF MAJOR INTERESTS IN SHARES
Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:
Punch Taverns plc
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 event changing the breakdown of voting rights: |
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Other (please specify): |
Full name of person(s) subject to the notification obligation:
The Goldman Sachs Group, Inc.
Full name of shareholder(s) (if different from 3):
Goldman, Sachs & Co.
Goldman Sachs International,
Goldman Sachs Asset Management, L.P.,
Goldman Sachs Bank AG
Date of the transaction (and date on which the threshold if crossed or reached if different):
8 July 2008
Date on which issuer notified:
11 July 2008
Threshold(s) that is/are crossed or reached:
19%
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 |
49,103,889 |
18.44% |
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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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18,524,396 |
34,377,252 |
6.95% |
12.90% |
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B: 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 |
Total (A+B)
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Number of voting rights |
% of voting rights |
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52,901,648 |
19.85% |
Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
The interest in 432,799 shares arose from a beneficial interest held by Goldman, Sachs & Co. ("GS&Co."), a direct subsidiary of GS Inc. These shares are, or will be, registered in the name of Goldman Sachs Securities (Nominees), Limited ("GSSN").
The interest in 34,362,622 shares arose from an interest held by Goldman, Sachs & Co., a wholly-owned direct subsidiary of GS Inc, acting as custodian for its customers. These shares are, or will be, registered in the name of Goldman Sachs Securities (Nominees), Limited.
The interest in 18,091,597 shares arose from a beneficial interest held by Goldman Sachs International, a wholly-owned indirect subsidiary of GS Inc. These shares are, or will be, registered at CREST in account CREPTEMP.
The interest in 12,360 shares arose from the interest held by Goldman Sachs Asset Management, LP a wholly owned subsidiary of GS Inc acting as discretionary manager. We believe that some of these shares are, or will be, registered in the name of Goldman Sachs Securities (Nominees), Limited ("GSSN").
The interest in 2,000 shares arose from the interest held by Goldman Sachs Bank AG, an ultimately owned subsidiary of GS Inc acting as discretionary manager. We believe that some of these shares are, or will be, registered in the name of Goldman Sachs Securities (Nominees), Limited.
Proxy Voting:
Name of the proxy holder:
N/A
Number of voting rights proxy holder will cease to hold:
N/A
Date on which proxy holder will cease to hold voting rights:
N/A
Additional information:
None
Contact name:
Tim Kendall, Assistant Company Secretary
Contact telephone number:
(01283) 523 556
Related Shares:
Punch Taverns PLC