14th Apr 2015 17:26
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi |
1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii | Playtech Limited | ||||
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 qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached | |||||
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments | |||||
An event changing the breakdown of voting rights | |||||
Other (please specify): | |||||
3. Full name of person(s) subject to thenotification obligation: iii | Greenlight Capital, Inc. and each of its affiliates listed below:
DME Advisors, LP DME Capital Management, LP Mr. David Einhorn
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4. Full name of shareholder(s) (if different from 3.):iv |
Greenlight Capital, Inc. DME Advisors, LP DME Capital Management, LP
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5. Date of the transaction and date onwhich the threshold is crossed orreached: v | April 10, 2015 | ||||
6. Date on which issuer notified: | April 14, 2015 | ||||
7. Threshold(s) that is/are crossed orreached: vi, vii | Crossing below reportable threshold of 3%. | ||||
8. Notified details: | ||||||||||||||||
A: Voting rights attached to shares viii, ix | ||||||||||||||||
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 x | ||||||||||||
Direct | Direct xi | Indirect xii | Direct | Indirect | ||||||||||||
Ordinary shares | 4,976,752 | 4,976,752 | 4,100,000 | 4,100,000 | 1.40% | |||||||||||
VGG7131X1078 | ||||||||||||||||
B: Qualifying Financial Instruments | ||||||||||||||||
Resulting situation after the triggering transaction | ||||||||||||||||
Type of financialinstrument | Expirationdate xiii | Exercise/Conversion Period xiv | Number of votingrights that may beacquired if theinstrument isexercised/ converted. | % of votingrights | ||||||||||||
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi | ||||||||||||||||
Resulting situation after the triggering transaction | ||||||||||||||||
Type of financialinstrument | Exercise price | Expiration date xvii | Exercise/Conversion period xviii | Number of voting rights instrument refers to
| % of voting rights xix, xx
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Total Return Swap | N/A | N/A | N/A | 3,843,896 | Nominal | Delta | ||||||||||
1.31% | ||||||||||||||||
Total (A+B+C) | ||||||||||||||||
Number of voting rights | Percentage of voting rights | |||||||||||||||
7,943,896 | 2.71% | |||||||||||||||
9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi | ||
Shares and financial instruments are held by Greenlight Capital, L.P., Greenlight Capital Qualified, L.P., Greenlight Capital Offshore Partners, Greenlight Reinsurance, Ltd., Greenlight Capital (Gold), LP, and Greenlight Capital Offshore Master (Gold), Ltd.
The investment manager for Greenlight Capital, LP and Greenlight Capital Qualified, LP is Greenlight Capital, Inc., a Delaware corporation ("GCI"). The investment advisor for Greenlight Capital Offshore Partners is GCI. The investment advisor for Greenlight Reinsurance, Ltd. is DME Advisors, LP, a Delaware limited partnership. The investment manager for Greenlight Capital (Gold), LP is DME Capital Management, LP, a Delaware limited partnership ("DMECM"). The investment advisor for Greenlight Capital Offshore Master (Gold), Ltd. is DMECM.
Each of GCI, DME Advisors, LP, and DMECM is controlled by David Einhorn.
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Proxy Voting: | ||
10. Name of the proxy holder: | N/A | |
11. Number of voting rights proxy holder will ceaseto hold: | N/A | |
12. Date on which proxy holder will cease to holdvoting rights: | N/A | |
13. Additional information: | None | |
14. Contact name: | Harry Brandler, Chief Financial Officer | |
15. Contact telephone number: | 1-212-973-1900 | |
Related Shares:
Playtech