RNS Number : 0691Z
William Hill PLC
09 March 2017
 

The following notification was received today by William Hill PLC, relating to a major interest in shares of William Hill PLC.

 

Tom Fuller

Assistant Company Secretary

9 March 2017

 

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES



1. Identity of the issuer or the underlying issuer
of existing shares to which voting rights are
attached:

William Hill Plc

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights


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

ΓΌ

An event changing the breakdown of voting rights


Other (please specify):



3. Full name of person(s) subject to the
notification obligation:

Parvus Asset Management Europe Limited

4. Full name of shareholder(s)
 (if different from 3.):

 

Parvus Asset Management Europe Limited has been appointed as Investment Manager a number of funds and managed accounts. 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 of the transaction and date on
which the threshold is crossed or
reached:

07/03/2017

6. Date on which issuer notified:

09/03/2017

7. Threshold(s) that is/are crossed or
reached:

Going above 16%



 

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

Resulting situation after the triggering transaction

Number
of
Shares

Number
of
Voting
Rights

Number
of shares

Number of voting
rights

% of  voting rights

Direct

Direct

Indirect

Direct

Indirect

 

-

-

-

-

-

-

-

-



B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial
instrument

Expiration
date

Exercise/
Conversion Period

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

Number of voting rights instrument refers to

 

% of voting rights

 

 

 

 

Equity Swap

 

 

 

N/A

 

 

 

04/12/2017

 

 

 

N/A

 

 

 

40,606,292

Nominal

Delta

 

4.73

-

 

Equity Swap

 

N/A

 

02/07/2018

 

N/A

 

2,101,421

 

0.24

-

 

Equity Swap

 

N/A

 

11/07/2018

 

N/A

 

47,688,991

 

5.56

-

 

Equity Swap

 

N/A

 

08/08/2018

 

N/A

 

1,921,565

 

0.22

-

 

Equity Swap

 

N/A

 

31/10/2018

 

N/A

 

3,234,108

 

0.38

-

 

Equity Swap

 

N/A

 

21/11/2018

 

N/A

 

904,579

 

0.11

-

 

Equity Swap

 

N/A

 

26/11/2018

 

N/A

 

41,584,150

 

4.85

-


Total (A+B+C)

Number of voting rights

Percentage of voting rights

138,041,106

16.09%

 

9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:

 

Parvus Asset Management Europe Limited is controlled by Parvus Asset Management Limited and Oakentree Limited.

Parvus Asset Management Limited is in turn controlled by Parvus Asset Management (Cayman) Limited, which is controlled by Edoardo Mercadante.

Oakentree Limited is in turn controlled by Mads Gensmann.

Messrs Mercadante and Gensmann are directors of Parvus Asset Management Limited, which under the terms of the various investment management agreements, holds the power to vote on any physical shareholdings held by the funds and managed accounts.


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:

Angus Milne

15. Contact telephone number:

 

0207 440 2330

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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