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3 Feb 2017 09:29
Punch Taverns plc (the "Company") 3 February 2017
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: |
|
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments: |
|
An event changing the breakdown of voting rights: |
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Other (please specify): |
|
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
5. Date of the transaction (and date on which the threshold if crossed or reached if different):
31 January 2017
6. Date on which issuer notified:
2 February 2017
7. Threshold(s) that is/are crossed or reached:
Above 7%
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 | |
GB00BPXRVT80 | 2,120,055 | 2,120,055 |
Resulting situation after the triggering transaction | ||||
Number of shares | Number of voting rights | % of voting rights | ||
Direct | Direct | Indirect | Direct | Indirect |
|
| 5,792,621 |
| 2.61% |
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 |
|
|
|
|
|
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 |
Swap (Cash) |
| 16-Feb-17 |
| 10,000,000 |
| 4.51% |
Swap (Cash) |
| 18-Apr-17 |
| 1,950,000 |
| 0.88% |
Total (A+B+C)
Number of voting rights | % of voting rights |
17,742,621 | 7.99% |
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
The Goldman Sachs Group, Inc.; 17,742,621 shares; 7.99%
Goldman Sachs (UK) L.L.C. (Controlled by The Goldman Sachs Group, Inc.); 17,742,621 shares; 7.99%
Goldman Sachs Group UK Limited (Controlled by Goldman Sachs (UK) L.L.C.); 17,742,621 shares; 7.99%
Goldman Sachs International (Controlled by Goldman Sachs Group UK Limited); 17,742,621 shares; 7.99%
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:
Please note, total amount of voting rights have been rounded to 2 decimal places therefore there is a possibility of a rounding error.
14. Contact name:
Francesca Appleby, Financial Reporting Manager
15. Contact telephone number:
01283 501 600
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