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Holding(s) in Company

23rd Mar 2017 15:00

RNS Number : 3710A
William Hill PLC
23 March 2017
 

 

The following notification was received today by William Hill PLC, relating to a major interest in shares of William Hill PLC.

 

Tom Fuller

Assistant Company Secretary

23 March 2017

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
 

 

 

1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached:

William Hill Plc

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

 

An acquisition or disposal of qualifying 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

ü

An event changing the breakdown of voting rights

 

Other (please specify):

 

 

3. Full name of person(s) subject to thenotification obligation:

Parvus Asset Management Europe Limited

4. Full name of shareholder(s) (if different from 3.):

 

Parvus Asset Management Europe Limited has been appointed as Investment Manager a number of funds and managed accounts. Under the terms of the various investment management agreements, Parvus Asset Management Europe Limited holds the power to vote any physical shareholdings held by these clients.

5. Date of the transaction and date onwhich the threshold is crossed orreached:

21/03/2017

6. Date on which issuer notified:

23/03/2017

7. Threshold(s) that is/are crossed orreached:

Going above 17%

 

 

8. Notified details:

A: Voting rights attached to shares

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights

Direct

Direct

Indirect

Direct

Indirect

 

-

-

-

-

-

-

-

-

 

 

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate

Exercise/Conversion Period

Number of votingrights that may beacquired if theinstrument isexercised/ converted

% of votingrights

-

-

-

-

-

 

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Exercise price

Expiration date

Exercise/Conversion period

Number of voting rights instrument refers to

 

% of voting rights

 

 

 

 

Equity Swap

 

 

 

N/A

 

 

 

04/12/2017

 

 

 

N/A

 

 

 

48,570,137

Nominal

Delta

 

5.66

-

 

Equity Swap

 

N/A

 

02/07/2018

 

N/A

 

2,101,421

 

0.24

-

 

Equity Swap

 

N/A

 

11/07/2018

 

N/A

 

47,688,991

 

5.56

-

 

Equity Swap

 

N/A

 

08/08/2018

 

N/A

 

1,921,565

 

0.22

-

 

Equity Swap

 

N/A

 

31/10/2018

 

N/A

 

3,234,108

 

0.38

-

 

Equity Swap

 

N/A

 

21/11/2018

 

N/A

 

904,579

 

0.11

-

 

Equity Swap

 

N/A

 

26/11/2018

 

N/A

 

41,584,150

 

4.85

-

 

Total (A+B+C)

Number of voting rights

Percentage of voting rights

146,004,951

17.02%

 

9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable:

 

Parvus Asset Management Europe Limited is controlled by Parvus Asset Management Limited and Oakentree Limited.

Parvus Asset Management Limited is in turn controlled by Parvus Asset Management (Cayman) Limited, which is controlled by Edoardo Mercadante.

Oakentree Limited is in turn controlled by Mads Gensmann.

Messrs Mercadante and Gensmann are directors of Parvus Asset Management Limited, which under the terms of the various investment management agreements, holds the power to vote on any physical shareholdings held by the funds and managed accounts.

 

Proxy Voting:

10. Name of the proxy holder:

N/A

11. Number of voting rights proxy holder will ceaseto hold:

N/A

12. Date on which proxy holder will cease to holdvoting rights:

N/A

 

13. Additional information:

 

N/A

14. Contact name:

Angus Milne

15. Contact telephone number:

 

0207 440 2330

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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