TIDMFLTR

RNS Number : 7721K

Flutter Entertainment PLC

09 May 2022

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) : 
 04 May 2022 
6. Date on which issuer notified: 
 06 May 2022 
7. Threshold(s) that is/are crossed or reached: 
 Going above 6% voting rights (by way of equity swaps and options). 
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%                6.03%             6.03%      175,779,932 
Position of 
 previous notification 
 (if applicable)                0%                5.10%             5.10% 
 
 
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       21/06/2022                N/A                  Cash                          95,792          0.05% 
Equity Swap       03/11/2022                N/A                  Cash                         151,496          0.09% 
Equity Swap       02/12/2022                N/A                  Cash                       4,839,218          2.75% 
Equity Swap       12/07/2023                N/A                  Cash                       2,294,235          1.31% 
Equity Swap       13/03/2023                N/A                  Cash                       1,398,115          0.80% 
Equity Swap       01/06/2023                N/A                  Cash                         156,835          0.09% 
Equity Swap       02/01/2024                N/A                  Cash                          80,735          0.05% 
Equity Swap       10/03/2025                N/A                  Cash                       1,118,721          0.64% 
Put Option        17/06/2022                N/A                Physical                       465,000          0.26% 
                                                SUBTOTAL 
                                                   B.2                                     10,600,147          6.03% 
 
 
 
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                    6.03%                 6.03% 
Parvus Asset Management 
 (Cayman) Limited          N/A                    6.03%                 6.03% 
Parvus Asset Management 
 Limited                   N/A                    6.03%                 6.03% 
Parvus Asset Management 
 Europe Limited            N/A                    6.03%                 6.03% 
 
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 06 May 2022.

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