Paddy Power Betfair plc Holding(s) in Company (0183M)
July 25 2017 - 5:01AM
UK Regulatory
TIDMPPB
RNS Number : 0183M
Paddy Power Betfair plc
25 July 2017
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)
:
21 July 2017
-------------------------------------------------------------------------------------
6. Date on which issuer notified:
24 July 2017
-------------------------------------------------------------------------------------
7. Threshold(s) that is/are crossed or reached: Below
13% - 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 12.9752% 0.0000% 12.9752% 84,354,603
------------------ ----------------- ---------------- ------------- -------------
Position
of previous
notification
(if applicable) 13.1758% 0.0000% 13.1758%
------------------ ----------------- ---------------- ------------- -------------
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 (IE00BWT6H894) 10,945,205 12.9752%
-------------------------------------------- ------------- ------------------- ----------------------------
SUBTOTAL
A 10,945,205 12.9752%
-------------------------------------------- ------------- ------------------- ----------------------------
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.
--------------------- -------------------- -------------- -------------------------------- ---------------
NA
--------------------- ----------------------------------- -------------------------------- ---------------
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)
-------------------- --------------------- -------------- ------------------- ----------- ---------------
NA
-------------------------------------------- ------------- ------------------- ----------- ---------------
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: 12.9752% 0.0000% 12.9752%
----------------------- ---------------- ----------------------- ---------------------
Capital Research
and Management
Company(1) 12.9752% 0.0000% 12.9752%
----------------------- ---------------- ----------------------- ---------------------
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) :
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 decreasing below
13% 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 6,722,676 ordinary
shares (7.970% of the outstanding shares) and has granted
proxy voting authority to its investment adviser CRMC.
EUPAC made a separate notification disclosing its holdings
as of 10 January 2017.
-----------------------------------------------------------------------------------------
Done at Los Angeles, California on 24 July 2017
This information is provided by RNS
The company news service from the London Stock Exchange
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