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Rightmove PLC (RMV)

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Thursday 30 July, 2009

Rightmove PLC

Holding(s) in Company


 
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi
 
1. Identity of the issuer or the underlying                                        RIGHTMOVE PLC
issuer
of existing shares to which voting rights are
attached: ii

2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights                                                YES
An acquisition or disposal of qualifying financial instruments which may result in the      NO
acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to qualifying       YES
financial instruments
An event changing the breakdown of voting rights                                            NO
Other (please specify): Please see Box 13 ("Additional Information"), below.               N/A
 
3. Full name of person(s) subject to the                                    TREMBLANT CAPITAL LP
notification obligation: iii
                                                                  
4. Full name of shareholder(s)
(if different from 3.):iv                                          TREMBLANT ASSET MANAGEMENT LP

                                                               TREMBLANT PARTNERS MASTER FUND LP
 
                                                                           TREMBLANT PARTNERS LP
 
                                                           TREMBLANT CONCENTRATED MASTER FUND LP
 
                                                                  TREMBLANT CONCENTRATED FUND LP


5. Date of the transaction and date on                                              28 JULY 2009
which the threshold is crossed or
reached: v

6. Date on which issuer notified:                                                   30 JULY 2009


7. Threshold(s) that is/are crossed or
reached: vi, vii                                                                             10%
 

8. Notified details:

A: Voting rights attached to shares viii, ix
Class/type of    Situation previous                   Resulting situation after the triggering transaction
shares           to the triggering
                 transaction
 
if possible
using
the ISIN CODE
                 Number            Number             Number          Number of voting      % of voting rights
                 of                of                 of shares       rights                x
                 Shares            Voting
                                   Rights
                        Direct            Direct xi   Indirect   Direct          Indirect
                                                      xii
 
ORDINARY
GB00B2987V85
 
           
 
Tremblant
Partners Master
Fund LP         6,335,305         6,335,305                                     5,942,831                5.06%
 
Tremblant  
Partners LP      Below 3%          Below 3%                                     2,188,481                1.86%


Tremblant     
Concentrated
Master Fund LP   Below 3%          Below 3%                                     2,713,008                2.31%
 
Tremblant   
Concentrated
Fund LP          Below 3%          Below 3%                                      255,764                  0.22%
 

B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial            Expiration   Exercise/                        Number of voting           % of voting
instrument                   date xiii    Conversion Period xiv            rights that may be         rights
                                                                           acquired if the
                                                                           instrument is
                                                                           exercised/ converted.
N/A
 
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi
Resulting situation after the triggering transaction
Type of financial       Exercise   Expiration    Exercise/            Number of voting rights     % of voting
instrument              price      date xvii     Conversion period    instrument refers to        rights xix, xx
                                                 xviii
Contract for                                                                                      Nominal     Delta
Differences (Tremblant
Concentrated Master
Fund LP)                N/A        N/A           N/A                  589,342                     Below 3%    1



Contract for                                                                                      Nominal     Delta
Differences (Tremblant
Concentrated Fund LP)   N/A        N/A           N/A                  55,487                      Below 3%    1
 
Total (A+B+C)
Number of voting rights                                          Percentage of voting rights

11,744,913                                                       9.99%
 
9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable: xxi
 
The shares of Rightmove Plc, and the financial instruments relating to such
shares, are held by Tremblant Partners Master Fund LP, Tremblant Partners LP,
Tremblant Concentrated Master Fund LP, and Tremblant Concentrated Fund LP.
 
Tremblant Capital LP is the investment manager of Tremblant Partners Master Fund
LP and Tremblant Partners LP, and has been granted full discretion to exercise
the voting rights relating to the shares and financial instruments held by these
funds under the related investment management agreements.
 
Tremblant Asset Management LP is the investment manager of Tremblant
Concentrated Master Fund LP and Tremblant Concentrated Fund LP, and has been
granted full discretion to exercise the voting rights relating to the shares and
financial instruments held by these funds under the related investment
management agreements.
 
Mr. Brett Barakett is the managing member of the general partners of each of
Tremblant Capital LP and Tremblant Asset Management LP, and therefore has an
indirect interest in all of the voting rights which are the subject of this
notification.
 
Proxy Voting:
10. Name of the proxy holder:
11. Number of voting rights proxy holder will cease
to hold:
12. Date on which proxy holder will cease to hold
voting rights:
 
13. Additional information:
14. Contact name:                                                       Liz Taylor
15. Contact telephone number:                                          02070870700