William Hill PLC

National Storage Mechanism | Additional information

RNS Number : 0691Z

William Hill PLC

09 March 2017

The following notification was received today by William Hill PLC, relating to a major interest in shares of William Hill PLC.

Tom Fuller

Assistant Company Secretary

9 March 2017



TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:		William Hill 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 qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments			ü
An event changing the breakdown of voting rights
Other (please specify):
3. Full name of person(s) subject to the notification obligation:	Parvus Asset Management Europe Limited
4. Full name of shareholder(s) (if different from 3.):	Parvus Asset Management Europe Limited has been appointed as Investment Manager a number of funds and managed accounts. 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 of the transaction and date on which the threshold is crossed or reached:	07/03/2017
6. Date on which issuer notified:	09/03/2017
7. Threshold(s) that is/are crossed or reached:	Going above 16%


8. Notified details:
A: Voting rights attached to shares
Class/type of shares if possible using the ISIN CODE	Situation previous to the triggering transaction						Resulting situation after the triggering transaction
Number of Shares			Number of Voting Rights			Number of shares		Number of voting rights			% of voting rights
Direct		Direct		Indirect	Direct			Indirect
-	-			-			-		-		-	-			-


B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument			Expiration date		Exercise/ Conversion Period					Number of voting rights that may be acquired if the instrument is exercised/ converted.				% of voting rights
-			-		-					-				-

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument		Exercise price		Expiration date		Exercise/ Conversion period			Number of voting rights instrument refers to				% of voting rights
Equity Swap		N/A		04/12/2017		N/A			40,606,292				Nominal			Delta
4.73			-
Equity Swap		N/A		02/07/2018		N/A			2,101,421				0.24			-
Equity Swap		N/A		11/07/2018		N/A			47,688,991				5.56			-
Equity Swap		N/A		08/08/2018		N/A			1,921,565				0.22			-
Equity Swap		N/A		31/10/2018		N/A			3,234,108				0.38			-
Equity Swap		N/A		21/11/2018		N/A			904,579				0.11			-
Equity Swap		N/A		26/11/2018		N/A			41,584,150				4.85			-

Total (A+B+C)
Number of voting rights								Percentage of voting rights
138,041,106								16.09%


9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
Parvus Asset Management Europe Limited is controlled by Parvus Asset Management Limited and Oakentree Limited. Parvus Asset Management Limited is in turn controlled by Parvus Asset Management (Cayman) Limited, which is controlled by Edoardo Mercadante. Oakentree Limited is in turn controlled by Mads Gensmann. Messrs Mercadante and Gensmann are directors of Parvus Asset Management Limited, which under the terms of the various investment management agreements, holds the power to vote on any physical shareholdings held by the funds and managed accounts.

Proxy Voting:
10. Name of the proxy holder:		N/A
11. Number of voting rights proxy holder will cease to hold:		N/A
12. Date on which proxy holder will cease to hold voting rights:		N/A

13. Additional information:	N/A
14. Contact name:	Angus Milne
15. Contact telephone number:	0207 440 2330

This information is provided by RNS

The company news service from the London Stock Exchange

END

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