TIDMPPB

RNS Number : 0764O

Paddy Power Betfair plc

04 February 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): 
  [ ] An acquisition or disposal of voting rights 
  [ ] An acquisition or disposal of financial instruments 
  [ ] An event changing the breakdown of voting rights 
  [x] Other (please specify)(iii) : share exchange under 
  terms of merger. 
------------------------------------------------------------------------------------- 
 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) 
  : 
  02 February 2016 
------------------------------------------------------------------------------------- 
 6. Date on which issuer notified: 
  03 February 2016 
------------------------------------------------------------------------------------- 
 7. Threshold(s) that is/are crossed or reached: Below 
  9% - 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         8.2140%            0                 8.2140%        83,699,321 
------------------  -----------------  ----------------  -------------  ------------- 
 Position 
  of previous 
  notification 
  (if applicable)    9.068%             0                 9.068% 
------------------  -----------------  ----------------  -------------  ------------- 
 
 
 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)                        6,875,023                           8.2140% 
--------------------------------------------  -------------  -------------------  ---------------------------- 
 
 
 SUBTOTAL 
  A                                            6,875,023                           8.2140% 
--------------------------------------------  -------------  -------------------  ---------------------------- 
 
 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. 
---------------------  --------------------  --------------  --------------------------------  --------------- 
 none 
---------------------   -----------------------------------  --------------------------------  --------------- 
 
 
                         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) 
--------------------  ---------------------  --------------  -------------------  -----------  --------------- 
 none 
--------------------------------------------  -------------  -------------------  -----------  --------------- 
 
 
                                                              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             rights through       if it equals 
                                                        it equals             financial            or is higher 
                                                        or is higher          instruments          than the notifiable 
                                                        than the notifiable   if it equals         threshold 
                                                        threshold             or is higher 
                                                                              than the 
                                                                              notifiable 
                                                                              threshold 
-----------------------------------------------------  --------------------  -------------------  -------------------- 
 The Capital Group 
  Companies, Inc. 
  Holdings by CG 
  Management companies 
  and Funds are 
  set out below:                                              8.2140%                 0                  8.2140% 
-----------------------------------------------------  --------------------  -------------------  -------------------- 
      Capital Research 
       and Management 
       Company(*) ("CRMC") 
        *    EuroPacific Growth Fund (See section 12)          8.2140%                 0                  8.2140% 
-----------------------------------------------------  --------------------  -------------------  -------------------- 
 * Wholly Owned subsidiary of The Capital Group Companies, 
  Inc. 
---------------------------------------------------------------------------------------------------------------------- 
 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) : 
  EuroPacific Growth Fund ("EUPAC") is a mutual fund registered 
  in the United States under the Investment Company Act 
  of 1940. EUPAC is a direct holder of 4,362,876 shares. 
  EUPAC has delegated proxy voting authority to its investment 
  adviser CRMC. 
---------------------------------------------------------------------------------------------------------------------- 
 

Done at Los Angeles, California on 03 February 2016

This information is provided by RNS

The company news service from the London Stock Exchange

END

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