TIDMFLTR

RNS Number : 1865F

Flutter Entertainment PLC

17 March 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) : 
  15 March 2022 
 6. Date on which issuer notified: 
  17 March 2022 
 7. Threshold(s) that is/are crossed or reached: 
  Going above 4% 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%                 4.07%              4.07%       175,678,784 
                          ------------------  -------------------  --------------  ------------- 
 Position of 
  previous notification 
  (if applicable)                 0%                 3.09%              3.09% 
                          ------------------  -------------------  --------------  ------------- 
 
 
 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                            93,980          0.05% 
                 --------------------  -------------  ----------------------------  -------------------- 
 Equity Swap      02/12/2022                N/A                   Cash                         2,616,755          1.49% 
                 --------------------  -------------  ----------------------------  -------------------- 
 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      12/07/2023                N/A                   Cash                         1,117,950          0.64% 
                 --------------------  -------------  ----------------------------  -------------------- 
 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                                    7,143,883          4.07% 
                        ----------------------------                                -------------------- 
 
 
 
 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                     4.07%                  4.07% 
                           -----------------------  ---------------------  --------------------- 
 Parvus Asset Management 
  (Cayman) Limited           N/A                     4.07%                  4.07% 
                           -----------------------  ---------------------  --------------------- 
 Parvus Asset Management 
  Limited                    N/A                     4.07%                  4.07% 
                           -----------------------  ---------------------  --------------------- 
 Parvus Asset Management 
  Europe Limited             N/A                     4.07%                  4.07% 
                           -----------------------  ---------------------  --------------------- 
 
 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 17 March 2022.

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March 17, 2022 14:00 ET (18:00 GMT)

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