31st Aug 2011 12:17
Punch Taverns plc (the "Company")31 August 2011
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: |
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An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments: |
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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:
The Goldman Sachs Group, Inc.
4. Full name of shareholder(s) (if different from 3):
Goldman Sachs International, Goldman Sachs Asset Management, L.P.
5. Date of the transaction (and date on which the threshold if crossed or reached if different):
26 August 2011
6. Date on which issuer notified:
30 August 2011
7. Threshold(s) that is/are crossed or reached:
6%
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 | |
GB0031552861 |
| Below 3% |
Resulting situation after the triggering transaction | ||||
Number of shares | Number of voting rights | % of voting rights | ||
Direct | Direct | Indirect | Direct | Indirect |
|
| 41,366,337 |
| 6.27% |
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 |
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Total (A+B+C)
Number of voting rights | % of voting rights |
41,366,337 | 6.27% |
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
The interest in 41,240,186 shares arose from a beneficial interest held by Goldman Sachs International, indirect subsidiary of GS Inc. These shares are, or will be, registered at CREST in account CREPTEMP.
The interest in 126,151 shares arose from the interest held by Goldman Sachs Asset Management, L.P. a wholly owned subsidiary of GS Inc. acting as discretionary manager. We believe that some of these shares are, or will be, registered in the name of Goldman Sachs Securities (Nominees), Limited ("GSSN").
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