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Rightmove PLC (RMV)

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Monday 07 December, 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                                        3 December 2009
reached: v                                                                              
                                                                                        
6. Date on which issuer notified:                                        7 December 2009
                                                                                        
                                                                                        
7. Threshold(s) that is/are crossed or                                                  
reached: vi, vii                                                                      8%
                                                                                        
                                                                                        
                                                                                        


 

8. Notified details:                                                                    
                                                                                        
A: Voting rights attached to shares viii, ix                                            
                                                                                        
Class/type   Situation previous     Resulting situation after the triggering transaction
of           to the triggering                                                          
shares       transaction                                                                
                                                                                        
             Number     Number      Number       Number of voting    % of  voting rights
if possible  of         of          of shares    rights              x                  
using        Shares     Voting                                                          
the ISIN                Rights      Direct       Direct xi Indirect  Direct   Indirect  
CODE                                                       xii                          
                                                                                        
                                                                                        
                                                                                        
ORDINARY     8,592,445  8,592,445                          7,672,310          6.55%     
GB00B2987V85                                                                            
                                                                                        
                                                                                        
                                                                                        
                                                                                        
                                                                                        
                                                                                        
                                                                                        
                                                                                        
                                                                                        
                                                                                        
B: Qualifying Financial Instruments                                                     
                                                                                        
Resulting situation after the triggering transaction                                    
                                                                                        
Type of        Expiration   Exercise/             Number of voting         % of voting  
financial      date xiii    Conversion Period xiv rights that may be       rights       
instrument                                        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       Exercise  Expiration Exercise/     Number of voting      % of voting      
financial     price     date xvii  Conversion    rights instrument     rights xix, xx   
instrument                         period xviii  refers to                              
                                                                                        
                                                                                        
                                                                                        
                                                                                        
                                                                                        
Contract for                                                           Nominal Delta    
Differences                                                                             
              N/A       N/A        N/A                                                  
                                                                                        
                                                                               Below 3% 
                                                                                        
                                                                                        
                                                                                        
                                                                                        
                                                                                        
Total (A+B+C)                                                                           
                                                                                        
Number of voting rights                  Percentage of voting rights                    
                                                                                        
9,587,862                                8.18%                                          
                                                                                        


 

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
                                                                                        
                                                                                                                                                         
                                                                         02070870700
15. Contact telephone number: