Paddy Power Betfair plc Holding(s) in Company (5662R)
12 December 2016 - 9:05PM
UK Regulatory
TIDMPPB
RNS Number : 5662R
Paddy Power Betfair plc
12 December 2016
Standard Form TR-1
Standard form for notification of major holdings
NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant
issuer and to the Central Bank of Ireland)(i)
-------------------------------------------------------------------------------------
1. Identity of the issuer or the underlying issuer of
existing shares to which voting rights are attached(ii)
:
Paddy Power Betfair plc
-------------------------------------------------------------------------------------
2. Reason for the notification (please tick the appropriate
box or boxes):
[X] An acquisition or disposal of voting rights
[ ] An acquisition or disposal of financial instruments
[ ] An event changing the breakdown of voting rights
[ ] Other (please specify)(iii) :
-------------------------------------------------------------------------------------
3. Details of person subject to the notification obligation(iv)
:
Name: City and country of registered
The Capital Group Companies, office (if applicable):
Inc. Los Angeles, California 90071 U.S.A.
------------------------------------- ----------------------------------------------
4. Full name of shareholder(s) (if different from 3.)(v)
:
See Box 10
-------------------------------------------------------------------------------------
5. Date on which the threshold was crossed or reached(vi)
:
08 December 2016
-------------------------------------------------------------------------------------
6. Date on which issuer notified:
09 December 2016
-------------------------------------------------------------------------------------
7. Threshold(s) that is/are crossed or reached: Above
10% - Aggregate of voting rights from shares
-------------------------------------------------------------------------------------
8. Total positions of person(s) subject to the notification
obligation:
-------------------------------------------------------------------------------------
% of voting % of voting Total of Total number
rights attached rights through both in % of voting
to shares financial (9.A + 9.B) rights of
(total of instruments issuer(vii)
9.A) (total of
9.B.1 + 9.B.2)
------------------ ----------------- ---------------- ------------- -------------
Resulting
situation
on the date
on which
threshold
was crossed
or reached 10.0788% 0.0000% 10.0788% 83,977,995
------------------ ----------------- ---------------- ------------- -------------
Position
of previous
notification
(if applicable) 9.0274% 0.0000% 9.0274%
------------------ ----------------- ---------------- ------------- -------------
9. Notified details of the resulting situation on the
date on which the threshold was crossed or reached(viii)
:
--------------------------------------------------------------------------------------------------------------
A: Voting rights attached to shares
--------------------------------------------------------------------------------------------------------------
Class/type Number of voting rights(ix) % of voting rights
of
shares
ISIN code
(if possible)
----------------------
Direct Indirect Direct Indirect
---------------------- -------------------- ------------- ------------------ -----------------------------
Ordinary
Shares
(ISIN: IE00BWT6H894) 8,464,010 10.0788%
-------------------------------------------- ------------- ------------------ -----------------------------
SUBTOTAL
A 8,464,010 10.0788%
-------------------------------------------- ------------- ------------------ -----------------------------
B 1: Financial Instruments according to Regulation 17(1)(a)
of the Regulations
--------------------------------------------------------------------------------------------------------------
Type of financial Expiration Exercise/ Number of voting % of voting
instrument date(x) Conversion rights that rights
Period(xi) may be acquired
if the instrument
is exercised/converted.
----------------------- ------------------ -------------- ------------------------------- ----------------
Not applicable
----------------------- --------------------------------- ------------------------------- ----------------
SUBTOTAL B.1
--------------------------------- ------------------------------- ----------------
B 2: Financial Instruments with similar economic effect
according to Regulation 17(1)(b) of the Regulations
--------------------------------------------------------------------------------------------------------------
Type of Expiration Exercise/ Physical Number % of voting
financial date(x) Conversion or cash of voting rights
instrument Period settlement(xii) rights
(xi)
---------------------- ------------------- -------------- ------------------ ----------- ----------------
Not applicable
-------------------------------------------- ------------- ------------------ ----------- ----------------
SUBTOTAL
B.2
------------------ ----------- ----------------
10. Information in relation to the person subject to
the notification obligation
[ ] Person subject to the notification obligation is
not controlled by any natural person or legal entity
and does not control any other undertaking(s) holding
directly or indirectly an interest in the (underlying)
issuer.(xiii)
[ X ] Full chain of controlled undertakings through
which the voting rights and/or the
financial instruments are effectively held starting
with the ultimate controlling natural person or legal
entity(xiv) :
Name(xv) % of voting % of voting Total of both
rights if it rights through if it equals
equals or is financial instruments or is higher
higher than if it equals than the notifiable
the notifiable or is higher threshold
threshold than the notifiable
threshold
----------------------- ---------------- ----------------------- ---------------------
The Capital
Group Companies,
Inc.
Holdings by
CG Management
companies are
set out below: 10.0788% 0.0000% 10.0788%
----------------------- ---------------- ----------------------- ---------------------
Capital Research
and Management
Company(1) 10.0788% 0.0000% 10.0788%
----------------------- ---------------- ----------------------- ---------------------
EuroPacific See box 12
Growth Fund(2)
(Direct shareholding
that does not
exercise its
own voting shares.
Voting shares
are exercised
by CRMC)
----------------------- ---------------- ----------------------- ---------------------
1. Wholly-owned subsidiary of The Capital Group Companies,
Inc.
2. Mutual fund managed by Capital Research and Management
Company.
-----------------------------------------------------------------------------------------
11. In case of proxy voting: [name of the proxy holder]
will cease to hold [% and number] voting rights as of
[date]
-----------------------------------------------------------------------------------------
12. Additional information(xvi) :
The Capital Group Companies, Inc. ("CGC") is the parent
company of Capital Research and Management Company ("CRMC").
CRMC is a U.S.-based investment management company that
manages the American Funds family of mutual funds. CRMC
manages equity assets for various investment companies
through three divisions, Capital Research Global Investors,
Capital International Investors and Capital World Investors.
CRMC in turn is the parent company of Capital Group
International, Inc. ("CGII"), which in turn is the parent
company of five investment management companies ("CGII
management companies"): Capital Guardian Trust Company,
Capital International, Inc., Capital International Limited,
Capital International Sàrl and Capital International
K.K. The CGII management companies primarily serve as
investment managers to institutional clients.
Neither CGC nor any of its affiliates own shares of
your company for its own account. Rather, the shares
reported on this Notification are owned by accounts
under the discretionary investment management of one
or more of the investment management companies described
above.
This notice is due to CGC and CRMC increasing above
10% of voting rights.
EuroPacific Growth Fund ("EUPAC") is a mutual fund registered
in the United States under the Investment Company Act
of 1940. EUPAC is the legal owner of 5,600,736 ordinary
shares (6.6693% of the outstanding shares) and it has
granted proxy voting authority to its investment adviser
CRMC.
EUPAC has made a separate notification disclosing its
holdings as of 29 November 2016.
-----------------------------------------------------------------------------------------
Done at Los Angeles, California on 09 December 2016
This information is provided by RNS
The company news service from the London Stock Exchange
END
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