28th Jun 2017 12:45
The following notification was received today by William Hill PLC, relating to a major interest in shares of William Hill PLC.
Tom Fuller
Deputy Company Secretary
28 June 2017
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES |
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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 |
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An acquisition or disposal of qualifying 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 | ü | |||
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 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: | 26/06/2017 | |||
6. Date on which issuer notified: | 28/06/2017 | |||
7. Threshold(s) that is/are crossed orreached: | Going below 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 | ||||||||||||
- | - | - | - | - | - | - | - | |||||||||
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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 | ||||||||||||
- | - | - | - | - | ||||||||||||
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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
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Equity Swap |
N/A |
04/12/2017 |
N/A |
51,850,882 | Nominal | Delta | ||||||||||
6.04 | - | |||||||||||||||
Equity Swap |
N/A |
02/07/2018 |
N/A |
1,953,446 |
0.23 | - | ||||||||||
Equity Swap |
N/A |
11/07/2018 |
N/A |
44,747,474 |
5.22 | - | ||||||||||
Equity Swap |
N/A |
08/08/2018 |
N/A |
1,833,365 |
0.21 | - | ||||||||||
Equity Swap |
N/A |
31/10/2018 |
N/A |
3,048,095 |
0.36 | - | ||||||||||
Equity Swap |
N/A |
21/11/2018 |
N/A |
794,015 |
0.09 | - | ||||||||||
Equity Swap |
N/A |
26/11/2018 |
N/A |
41,584,150 |
4.85 | - | ||||||||||
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Total (A+B+C) | ||||||||||||||||
Number of voting rights | Percentage of voting rights | |||||||||||||||
145,811,427 | 16.9985% |
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. | ||
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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 holdvoting rights: | N/A | |
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13. Additional information: |
N/A | |
14. Contact name: | Angus Milne | |
15. Contact telephone number: |
0207 440 2330
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Related Shares:
WMH.L