3rd May 2016 09:50
Punch Taverns plc (the "Company") 3 May 2016
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.
Avenue ASRS Europe Opportunities Fund, L.P.
Avenue Europe Special Situations Fund III (Euro), L.P.
Avenue Europe Special Situations Fund III (US), L.P.
5. Date of the transaction (and date on which the threshold if crossed or reached if different):
29 April 2016
6. Date on which issuer notified:
2 May 2016
7. Threshold(s) that is/are crossed or reached:
Above 14%
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 | 28,099,519 | 28,099,519 |
Resulting situation after the triggering transaction | ||||
Number of shares | Number of voting rights | % of voting rights | ||
Direct | Direct | Indirect | Direct | Indirect |
- | - | 29,649,519 | - | 13.36% |
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 | 1,494,481 | Nominal | Delta |
N/A | 0.67% | |||||
Total (A+B+C)
Number of voting rights | % of voting rights |
31,144,000 | 14.03% |
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.
Avenue ASRS Europe Opportunities Fund, L.P.
Avenue Europe Special Situations Fund III (Euro), L.P.
Avenue Europe Special Situations Fund III (US), L.P.
Funds holdings greater than 3% of voting rights:
Avenue Europe Special Situations Fund II (Euro), L.P.: Number of Shares + Number of CfDs = 9,364,197; Number of Voting Rights = 9,364,197; % of Voting Rights = 4.22%
Avenue Europe Special Situations Fund II (US), L.P.: Number of Shares + Number of CfDs = 10,886,780; Number of Voting Rights = 10,886,780; % 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:
Francesca Appleby, Financial Reporting Manager
15. Contact telephone number:
01283 501600
Related Shares:
Punch Taverns PLC