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Rightmove PLC (RMV)

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Thursday 27 August, 2009

Rightmove PLC

Holding(s) in Company


 

                                                                                        
                                                                                        
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi                                         
                                                                                        
                                                                                        
                                                                                        
1. Identity of the issuer or the underlying issuer                                      
of existing shares to which voting rights are                              RIGHTMOVE PLC
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      NO 
in the acquisition of shares already issued to which voting rights are attached         
                                                                                        
An acquisition or disposal of instruments with similar economic effect to            YES
qualifying 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                                                             
                                                           TREMBLANT ASSET MANAGEMENT LP
                                                                                        
                                                                                        
                                                                                        
                                                       TREMBLANT PARTNERS MASTER FUND LP
                                                                                        
4. Full name of shareholder(s)                                     TREMBLANT PARTNERS LP
 (if different from 3.):iv                                                              
                                                      TREMBLANT CONCENTRATED MASTER FUND
                                                                                      LP
                                                                                        
                                                          TREMBLANT CONCENTRATED FUND LP
                                                                                        
5. Date of the transaction and date on                                                  
which the threshold is crossed or                                         24 AUGUST 2009
reached: v                                                                              
                                                                                        
6. Date on which issuer notified:                                         26 AUGUST 2009
                                                                                        
                                                                                        
7. Threshold(s) that is/are crossed or                                                  
reached: vi, vii                                                                      9%
                                                                                        
                                                                                        
                                                                                        


 

8. Notified details:                                                                    
                                                                                        
A: Voting rights attached to shares viii, ix                                            
                                                                                        
Class/type of         Situation previous    Resulting situation after the triggering    
shares                to the triggering     transaction                                 
                      transaction                                                       
                                                                                        
if possible using     Number    Number      Number     Number of voting % of  voting    
the ISIN CODE         of        of          of shares  rights           rights x        
                      Shares    Voting                                                  
                                Rights      Direct     Direct Indirect  Direct Indirect 
                                                       xi     xii                       
                                                                                        
                                                                                        
ORDINARY                                                                                
GB00B2987V85                                                                            
                                                                                        
                                                                                        
                                                                                        
                                                                                        
                                                                                        
Tremblant Partners    5,942,831 5,942,831                     5,059,800        4.30%    
Master Fund LP                                                                          
                                                                                        
                                                                                        
                                                                                        
                                                                                        
Tremblant Partners LP                                                                   
                      Below 3%  Below 3%                                                
                                                                                        
                                                              1,894,812        1.61%    
                                                                                        
Tremblant                                                                               
Concentrated Master                                                                     
Fund LP               Below 3%  Below 3%                      2,476,597        2.11%    
                                                                                        
                                                                                        
                                                                                        
Tremblant             Below 3%  Below 3%                      250,434          0.21%    
Concentrated Fund LP                                                                    
                                                                                        
                                                                                        
                                                                                        
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    rights that may be   rights     
                                   xiv                  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   % of voting   
instrument             price    date xvii  Conversion  rights instrument  rights xix, xx
                                           period      refers to                        
                                           xviii                                        
                                                                                        
                                                                                        
                                                                                        
Contract for                                                                            
Differences (Tremblant                                                    Nominal Delta   
Concentrated Master    N/A                             585,612                          
Fund LP)                        N/A        N/A                                          
                                                                                        
                                                                          Below 1       
                                                                          3%            
                                                                                        
                                                                                        
Contract for                                                              Nominal Delta   
Differences (Tremblant N/A      N/A        N/A         59,217                           
Concentrated Fund LP)                                                                   
                                                                          Below 1       
                                                                          3%            
                                                                                        
                                                                                        
                                                                                        
Total (A+B+C)                                                                           
                                                                                        
Number of voting rights                         Percentage of voting rights             
                                                                                        
10,326,472                                      8.79%                                   
                                                                                        


 

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:                                              0207 087 0664