19th Sep 2011 15:35
Punch Taverns plc (the "Company")19 September 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: |
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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:
Octavian Advisors, LP
Octavian Special Master Fund, LP
Tiberius OC Fund, Ltd
4. Full name of shareholder(s) (if different from 3):
5. Date of the transaction (and date on which the threshold if crossed or reached if different):
15 September 2011
6. Date on which issuer notified:
16 September 2011
7. Threshold(s) that is/are crossed or reached:
8%
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 | |
|
|
|
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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|
|
|
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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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|
|
|
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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 | |
|
|
|
|
| Nominal | Delta |
Equity Swap
| £0.1202
| N/A
| N/A
| 40,480,799
|
8.02% |
|
Equity Swap
| £0.0973
| N/A
| N/A
| 6,000,000
|
| |
Equity Swap | £0.1055 | N/A | N/A | 6,400,000 |
| |
Total (A+B+C)
Number of voting rights | % of voting rights |
52,880,799 | 8.02% |
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
Octavian Special Master Fund, LP - 6.96%
Tiberius OC Fund, Ltd - 1.06%
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