3rd Feb 2012 12:52
Punch Taverns plc (the "Company")3 February 2012
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: |
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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: | x |
An event changing the breakdown of voting rights: |
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Other (please specify): |
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3. Full name of person(s) subject to the notification obligation:
Christian Leone
Luxor Management, LLC
Luxor Capital Group, LP
LCG Holdings LLC
4. Full name of shareholder(s) (if different from 3):
Luxor Capital Partners LP
Luxor Capital Partners Offshore Master Fund, LP
Luxor Capital Partners Offshore, Ltd
5. Date of the transaction (and date on which the threshold if crossed or reached if different):
30 January 2012
6. Date on which issuer notified:
1 February 2012
7. Threshold(s) that is/are crossed or reached:
Going above 3% in respect of each of Christian Leone; Luxor Management, LLC; Luxor Capital Group LP; and LCG Holdings LLC
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 | |
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Resulting situation after the triggering transaction | ||||
Number of shares | Number of voting rights | % of voting rights | ||
Direct | Direct | Indirect | Direct | Indirect |
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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 |
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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 | |
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| Nominal | Delta |
Christian Leone: Total Return Swap on Common Stock | Market Price | 23 January 2014 | N/A | 25,414,308 |
| 3.83% |
Luxor Management: Total Return Swap on Common Stock | Market Price | 23 January 2014 | N/A | 25,414,308 |
| 3.83% |
Luxor Capital Group, LP: Total Return Swap on Common Stock | Market Price | 23 January 2014 | N/A | 25,414,308 |
| 3.83% |
LCG Holdings LLC: Total Return Swap on Common Stock | Market Price | 23 January 2014 | N/A | 23,751,935 |
| 3.58% |
Christian Leone: CFD on Common Stock | Market Price | 10 January 2022 | N/A | 203,888 |
| 0.03% |
Luxor Management LLC: CFD on Common Stock | Market Price | 10 January 2022 | N/A | 203,888 |
| 0.03% |
Luxor Capital Group; LP: CFD on Common Stock | Market Price | 10 January 2022 | N/A | 203,888 |
| 0.03% |
LCG Holdings LLC: CFD on Common Stock | Market Price | 10 January 2022 | N/A | 190,549 |
| 0.03% |
Total (A+B+C)
Number of voting rights | % of voting rights |
In respect of each of Christian Leone; Luxor Management, LLC; and Luxor Capital Group, LP | 3.86% |
In respect of LCG Holdings, LLC | 3.61% |
Total aggregate voting rights in respect of Christian Leone; Luxor Management , LLC; Luxor Capital Group, LP; and LCG Holdings, LLC | 3.86% |
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
The shares in which Christian Leone is interested are managed by the following entities each of which is controlled by Christian Leone.
Luxor Management, LLC;
Luxor Capital Group, LP; and
LCG Holdings, LLC
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:
Helen Tyrrell, Deputy Company Secretary
15. Contact telephone number:
(01283) 501 858
Related Shares:
Punch Taverns PLC