21st Oct 2009 09:21
Punch Taverns plc (the "Company")21 October 2009
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)
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An acquisition or disposal of voting rights:
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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 acquisition or disposal of instruments with similar economic effect to qualifying financial instruments:
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X
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An event changing the breakdown of voting rights:
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|
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Other (please specify):
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3. Full name of person(s) subject to the notification obligation:
Maverick Capital, Ltd., as a discretionary manager of client accounts
4. Full name of shareholder(s) (if different from 3):
Maverick Fund USA, Ltd.
Maverick Fund II, Ltd.
Maverick Fund, L.D.C.
Maverick Neutral Fund, Ltd.
Maverick Neutral Levered Fund, Ltd.
Maverick Long Fund, Ltd.
Maverick Long Enhanced Fund, Ltd.
Samana Capital, L.P.
UVIMCO II, LLC
5. Date of the transaction (and date on which the threshold if crossed or reached if different):
16 October 2009
6. Date on which issuer notified:
21 October 2009
7. Threshold(s) that is/are crossed or reached:
4%, 3%
8 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 |
0 |
18,318,479 |
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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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0 |
0 |
7,197,025 |
0 |
1.12% |
B: Qualifying 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 |
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N/A |
N/A |
N/A |
N/A |
N/A |
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments
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Resulting situation after the triggering transaction |
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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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Total Return Swap (no voting rights) |
Multiple |
Greater than 12 months from 10 September 2009 |
N/A |
6,598,708 |
Nominal |
Delta |
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1.03% |
N/A |
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Total (A+B+C)
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Number of voting rights |
% of voting rights |
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13,795,733 |
2.15% |
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
N/A
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:
Claire Stewart, Deputy Company Secretary
15. Contact telephone number:
(01283) 501 858
Related Shares:
Punch Taverns PLC