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Rightmove PLC (RMV)

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Monday 15 March, 2010

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                                             
                                                                                        
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              X
qualifying financial instruments                                                        
                                                                                        
An event changing the breakdown of voting rights                                        
                                                                                        
Other (please specify):                                                                 
                                                                                        
                                                                                        
                                                                                        
3. Full name of person(s) subject to the                            TREMBLANT CAPITAL LP
notification obligation:iii                                                             
                                                                                        
4. Full name of shareholder(s)                                            MORGAN STANLEY
 (if different from 3.):iv                                                              
                                                                           CREDIT SUISSE
                                                                                        
5. Date of the transaction and date on                                                  
which the threshold is crossed or                                          11 MARCH 2010
reached: v                                                                              
                                                                                        
6. Date on which issuer notified:                                          15 MARCH 2010
                                                                                        
                                                                                        
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                                                                                    
                                                                                                            
                                                                                                            
if possible  Number            Number          Number         Number of voting       % of  voting rights x  
using        of                of              of shares      rights                                        
the ISIN     Shares            Voting                                                                       
CODE                           Rights                                                                       
                                               Direct         Direct xi Indirect xii Direct Indirect        
                                                                                                            
                                                                                                            
                                                                                                            
                                                                                                            
                                                                                                            
ORDINARY                                                                                                    
GB00B2987V85 7,672,310         7,672,310                                                                    
                                                                        7,672,310           6.59%           
                                                                                                            
                                                                                                            
                                                                                                            
                                                                                                            
                                                                                                            
                                                                                                            
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                                                                                                         
                      N/A           N/A                        N/A                         N/A              
                                                                                                            
                                                                                                            
                                                                                                            
C: Financial Instruments with similar economic effect to Qualifying Financial                               
Instruments xv, xvi                                                                                         
                                                                                                            
Resulting situation after the triggering transaction                                                        
                                                                                                            
Type of       Exercise price   Expiration    Exercise/        Number of voting rights % of voting rights    
financial                      date xvii     Conversion       instrument refers to    xix, xx               
instrument                                   period xviii                                                   
                                                                                                            
                                                                                                            
                                                                                                            
                                                                                      Nominal Delta          
CFD           N/A              N/A           N/A              Below 3%                                      
                                                                                                            
                                                                                             Below 3%       
                                                                                                            
                                                                                                            
                                                                                                            
Total (A+B+C)                                                                                               
                                                                                                            
Number of voting rights                              Percentage of voting rights                            
                                                                                                            
9,281,696                                            7.97%                                                  
                                                                                                            


 

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               
(together, the "Tremblant Funds").                                                      
                                                                                        
                                                                                        
                                                                                        
Tremblant Capital LP is the investment manager of the Tremblant Funds 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 partner of Tremblant           
Capital 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