13th Apr 2012 15:45
Punch Taverns plc (the "Company")13 April 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 Spectrum, LLC
Luxor Spectrum Offshore Master Fund, LP
Luxor Wavefront, LP
OC19 Master Fund, LP-LCG
Gam Equity Six, Inc
5. Date of the transaction (and date on which the threshold if crossed or reached if different):
11 April 2012
6. Date on which issuer notified:
12 April 2012
7. Threshold(s) that is/are crossed or reached:
Going below 12% in respect of each of Christian Leone; Luxor Management, LLC; and Luxor Capital Group LP.
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 | 3 April 2014 | N/A | 78,333,960 |
| 11.80% |
Luxor Management LLC: Total Return Swap on Common Stock | Market Price | 3 April 2014 | N/A | 78,333,960 |
| 11.80% |
Luxor Capital Group, LP: Total Return Swap on Common Stock | Market Price | 3 April 2014 | N/A | 78,333,960 |
| 11.80% |
LCG Holdings LLC: Total Return Swap on Common Stock | Market Price | 3 April 2014 | N/A | 73,361,971 |
| 11.05% |
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 | 11.80% |
In respect of LCG Holdings, LLC | 11.05% |
Aggregate voting rights in respect of Christian Leone; Luxor Management , LLC; Luxor Capital Group, LP; and LCG Holdings, LLC | 11.80% |
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:
Ed Bashforth, Company Secretary
15. Contact telephone number:
(01283) 502215
Related Shares:
Punch Taverns PLC