Flutter Entertainment PLC Holding(s) in Company (8478G)
20 March 2020 - 4:00AM
UK Regulatory
TIDMFLTR
RNS Number : 8478G
Flutter Entertainment PLC
19 March 2020
Standard Form TR-1
S tandard 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) :
Flutter Entertainment 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
[ ] 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 office (if
Parvus Asset Management Europe applicable):
Limited London, United Kingdom
--------------------------------------------------
4. Full name of shareholder(s) (if different from 3.)(v) :
Parvus Asset Management Europe Limited has been appointed as Investment
Manager to a number of funds. Under the terms of the various investment
management agreements, Parvus Asset Management Europe Limited holds
the power to vote any physical shareholdings held by these clients.
5. Date on which the threshold was crossed or reached (vi) :
17 March 2020
6. Date on which issuer notified:
19 March 2020
7. Threshold(s) that is/are crossed or reached:
Going above 10% and 11% voting rights (by way of equity swaps).
8. Total positions of person(s) subject to the notification obligation:
% of voting % of voting rights Total of both Total number
rights attached through financial in % (9.A + of voting
to shares (total instruments 9.B) rights of
of 9.A) (total of 9.B.1 issuer(vii)
+ 9.B.2)
------------------ ------------------- -------------- -------------
Resulting situation
on the date
on which threshold
was crossed
or reached 0% 11.10% 11.10% 78,356,473
------------------ ------------------- -------------- -------------
Position of
previous notification
(if applicable) 0% 9.17% 9.17%
------------------ ------------------- -------------- -------------
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
-------------------
SUBTOTAL
A
------------- ------------------- ---------------------- --------------------------------------------
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 may rights
Period (xi) be acquired if
the instrument
is
exercised/converted.
------------- ------------------ ---------------------- --------------------------------------------
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 % of voting
financial date (x) Conversion or cash settlement rights rights
instrument Period (xii)
(xi)
-------------- ----------------- ----------------------- --------------------------
Equity Swap 02/09/2020 N/A Cash 64,795 0.08%
-------------- ----------------- ----------------------- --------------------------
Equity Swap 28/09/2020 N/A Cash 39,534 0.05%
-------------- ----------------- ----------------------- --------------------------
Equity Swap 02/12/2020 N/A Cash 2,753,736 3.51%
-------------- ----------------- ----------------------- --------------------------
Equity Swap 04/01/2021 N/A Cash 47,719 0.06%
-------------- ----------------- ----------------------- --------------------------
Equity Swap 11/03/2021 N/A Cash 2,454,237 3.13%
-------------- ----------------- ----------------------- --------------------------
Equity Swap 21/04/2021 N/A Cash 24,596 0.03%
-------------- ----------------- ----------------------- --------------------------
Equity Swap 12/07/2021 N/A Cash 1,871,066 2.39%
-------------- ----------------- ----------------------- --------------------------
Equity Swap 21/07/2021 N/A Cash 302,820 0.39%
-------------- ----------------- ----------------------- --------------------------
Equity Swap 24/09/2021 N/A Cash 106,300 0.14%
-------------- ----------------- ----------------------- --------------------------
Equity Swap 26/10/2021 N/A Cash 373,773 0.48%
-------------- ----------------- ----------------------- --------------------------
Equity Swap 14/03/2022 N/A Cash 441,349 0.56%
-------------- ----------------- ----------------------- --------------------------
Equity Swap 21/06/2022 N/A Cash 67,539 0.09%
-------------- ----------------- ----------------------- --------------------------
Equity Swap 01/06/2023 N/A Cash 147,818 0.19%
-------------- ----------------- ----------------------- --------------------------
SUBTOTAL B.2 8,695,282 11.10%
----------------------- --------------------------
10. Information in relation to the person subject to the notification
obligation (please tick the applicable box):
[ ] 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 rights % of voting rights Total of both
if it equals or through financial if it equals
is higher than the instruments if it or is higher
notifiable threshold equals or is higher than the notifiable
than the notifiable threshold
threshold
----------------------- --------------------- ---------------------
Edoardo Mercadante N/A 11.10% 11.10%
----------------------- --------------------- ---------------------
Parvus Asset Management
(Cayman) Limited N/A 11.10% 11.10%
----------------------- --------------------- ---------------------
Parvus Asset Management
Limited N/A 11.10% 11.10%
----------------------- --------------------- ---------------------
Parvus Asset Management
Europe Limited N/A 11.10% 11.10%
----------------------- --------------------- ---------------------
11. In case of proxy voting: [name of the proxy holder] will cease
to hold [% and number] voting rights as of [date]
N/A
12. Additional information (xvi) :
N/A
Completed in London on 19 March 2020.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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