7th Mar 2011 18:18
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are
RIGHTMOVE PLCattached:ii
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 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 Xqualifying financial instruments An event changing the breakdown of voting rights
Other (please specify): 3. Full name of person(s) subject to the TREMBLANT CAPITAL LPnotification obligation:iii 4. Full name of shareholder(s) MORGAN STANLEY (if different from 3.):iv CREDIT SUISSE
5. Date of the transaction and date on which the threshold is crossed or
3 March 2011reached: v
6. Date on which issuer notified:
7 March 2011
7. Threshold(s) that is/are crossed or
reached: vi, vii 4% 8. Notified details:
A: Voting rights attached to shares viii, ix Class/type Situation previous Resulting situation after the triggering transaction of to the triggering shares transaction Number Number Number Number of voting % of voting rights if possible of of of rights x using Shares Voting shares the ISIN Rights CODE Direct Direct xi Indirect xii Direct Indirect ORDINARY GB00B2987V85 3,432,717 3,432,717 3,299,867 2.94%
B: Qualifying Financial Instruments Resulting situation after the triggering transaction
Type of Expiration Exercise/ Number of voting % of voting financial date xiii Conversion Period xiv rights that may be rights instrument acquired if the instrument is exercised/ converted. N/A N/A N/A N/A N/A C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi
Resulting situation after the triggering transaction
Type of Exercise price Expiration Exercise/ Number of voting rights % of voting financial date xvii Conversion instrument refers to rights xix, xx instrument period xviii Nominal Delta CFD N/A N/A N/A Below 3% Below 3% Total (A+B+C) Number of voting rights Percentage of voting rights 4,459,436 3.97%
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
The shares of Rightmove Plc, and the financial instruments relating to such
shares, are held by Tremblant Partners Master Fund LP, Tremblant Partners LP,
Tremblant Concentrated Master Fund LP, Tremblant Concentrated Fund LP and Tremblant ELS Master Fund LP (together, the "Tremblant Funds").
Tremblant Capital LP is the investment manager of the Tremblant Funds and has
been granted full discretion to exercise the voting rights relating to the shares and financial instruments held by these funds under the related investment management agreements.
Mr. Brett Barakett is the managing member of the general partner of Tremblant
Capital LP and therefore has an indirect interest in all of the voting rights
which are the subject of this notification.
Proxy Voting:
10. Name of the proxy holder: 11. Number of voting rights proxy holder will cease
to hold:
12. Date on which proxy holder will cease to hold
voting rights: 13. Additional information: The denominator used by the shareholder for this notification is 112,249,000 shares being the Voting rights capital as at the date of the transaction. The Voting rights capital as at the date of this notification is 112,186,056. 14. Contact name: Liz Taylor
15. Contact telephone number:
02070870664
vendorRelated Shares:
Rightmove