TIDMFLTR

RNS Number : 6194Z

Flutter Entertainment PLC

16 May 2023

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) : 
  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) : 
  12 May 2023 
 6. Date on which issuer notified: 
  16 May 2023 
 7. Threshold(s) that is/are crossed or reached: 
  Going below 6% voting rights (by way of equity swaps). 
 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%                 5.86%              5.86%       176,447,953 
                          ------------------  -------------------  --------------  ------------- 
 Position of 
  previous notification 
  (if applicable)                 0%                 6.95%              6.95% 
                          ------------------  -------------------  --------------  ------------- 
 
 
 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         % of voting 
  financial          date (x)        Conversion        or cash settlement       voting             rights 
  instrument                         Period            (xii)                    rights 
                                     (xi) 
                   --------------  -----------------  -----------------------  ---------------- 
 Equity Swap        01/06/2023            N/A                   Cash                156,835            0.09% 
                   --------------  -----------------  -----------------------  ---------------- 
 Equity Swap        12/07/2023            N/A                   Cash               3,367,731           1.91% 
                   --------------  -----------------  -----------------------  ---------------- 
 Equity Swap        03/11/2023            N/A                   Cash                152,771            0.09% 
                   --------------  -----------------  -----------------------  ---------------- 
 Equity Swap        04/12/2023            N/A                   Cash               4,117,447           2.33% 
                   --------------  -----------------  -----------------------  ---------------- 
 Equity Swap        02/01/2024            N/A                   Cash                80,735             0.05% 
                   --------------  -----------------  -----------------------  ---------------- 
 Equity Swap        10/03/2025            N/A                   Cash               1,118,721           0.63% 
                   --------------  -----------------  -----------------------  ---------------- 
 Equity Swap        13/03/2025            N/A                   Cash               1,256,377           0.71% 
                   --------------  -----------------  -----------------------  ---------------- 
 Equity Swap        02/06/2025            N/A                   Cash                95,792             0.05% 
                   --------------  -----------------  -----------------------  ---------------- 
                                            SUBTOTAL 
                                               B.2                                10,346,409           5.86% 
                  -----------------------                                      ---------------- 
 
 
 
 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                     5.86%                  5.86% 
                           -----------------------  ---------------------  --------------------- 
 Parvus Asset Management 
  (Cayman) Limited           N/A                     5.86%                  5.86% 
                           -----------------------  ---------------------  --------------------- 
 Parvus Asset Management 
  Limited                    N/A                     5.86%                  5.86% 
                           -----------------------  ---------------------  --------------------- 
 Parvus Asset Management 
  Europe Limited             N/A                     5.86%                  5.86% 
                           -----------------------  ---------------------  --------------------- 
 
 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 16 May 2023.

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May 16, 2023 11:30 ET (15:30 GMT)

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