TIDMPPB

RNS Number : 5496Y

Paddy Power Betfair plc

09 May 2019

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 office (if 
  The Capital Group Companies,                  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) : 
  07 May 2019 
 6. Date on which issuer notified: 8 May 2019 
 7. Threshold(s) that is/are crossed or reached: Below 5% - Aggregate 
  of voting rights from shares 
 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 rights 
                            to shares (total    instruments          9.B)            of issuer(vii) 
                            of 9.A)             (total of 9.B.1 
                                                + 9.B.2) 
                          ------------------  -------------------  --------------  ------------------ 
 Resulting situation 
  on the date 
  on which threshold 
  was crossed 
  or reached               4.7389%             0.0000%              4.7389%         78,128,783 
                          ------------------  -------------------  --------------  ------------------ 
 Position of 
  previous notification 
  (if applicable)          5.9015%             0.0000%              5.9015% 
                          ------------------  -------------------  --------------  ------------------ 
 
 
 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)                              3,702,450                                             4.7389% 
                                             --------------------------  ------------------------  ----------------- 
 
 
 SUBTOTAL A                                   3,702,450                                             4.7389% 
                                             --------------------------  ------------------------  ----------------- 
 
 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 Period(xi)             rights that may            rights 
                                                                          be acquired if 
                                                                          the instrument 
                                                                          is exercised/converted. 
                       -------------  ---------------------------------  ------------------------  ----------------- 
 N/A 
                        -----------------------------------------------  ------------------------  ----------------- 
 
 
                         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 or               Number of     % of voting 
  financial         date(x)             Conversion           cash settlement(xii)     voting         rights 
  instrument                            Period (xi)                                   rights 
                  ------------------  -------------------  ------------------------  ------------ 
 N/A 
                                             ------------  ------------------------  ------------ 
 
 
                                                            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 rights      % of voting rights     Total of both if 
                                if it equals or         through financial      it equals or is 
                                is higher than the      instruments if it      higher than the 
                                notifiable threshold    equals or is higher    notifiable threshold 
                                                        than the notifiable 
                                                        threshold 
                              ----------------------  ---------------------  ---------------------- 
 The Capital Group 
  Companies, Inc. 
  Holdings by CG Management 
  companies are set 
  out below:                          4.7389%                0.0000%                 4.7389% 
                              ----------------------  ---------------------  ---------------------- 
 Capital Research 
  and Management Company(1)           4.7389%                0.0000%                 4.7389% 
                              ----------------------  ---------------------  ---------------------- 
      1. 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) : 
  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 Paddy Power Betfair 
  plc 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. 
 

Done at Los Angeles, California on 08 May 2019

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END

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