Information  X 
Enter a valid email address

Rightmove PLC (RMV)

  Print      Mail a friend       Annual reports

Tuesday 18 May, 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                                            X
                                                                                        
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                                                        
                                                                                        
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                                            14 MAY 2010
reached: v                                                                              
                                                                                        
6. Date on which issuer notified:                                            18 MAY 2010
                                                                                        
                                                                                        
7. Threshold(s) that is/are crossed or                                                  
reached: vi, vii                                                                      6%
                                                                                        
                                                                                        
                                                                                        


 

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       rights                  x                   
using        Shares                 Voting        shares                                               
the ISIN                            Rights                                                             
CODE                                              Direct   Direct xi Indirect xii  Direct  Indirect    
                                                                                                       
                                                                                                       
                                                                                                       
                                                                                                       
ORDINARY                                                                                               
GB00B2987V85 6,085,743              6,085,743                                                          
                                                                     5,817,743             5.05%       
                                                                                                       
                                                                                                       
                                                                                                       
                                                                                                       
                                                                                                       
                                                                                                       
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                                                                                                    
               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      
financial                           date xvii   Conversion instrument refers to       rights 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                   
                                                                                                       
6,854,505                                                5.95%                                         
                                                                                                       


 

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:   The denominator used for this notification is 115,159,740 
                              shares (as per the latest filing made by RMV on 11 May    
                              2010)                                                     
                                                                                        
                                                                                        
                                                                                        
14. Contact name:                                                             Liz Taylor
                                                                                        
15. Contact telephone number:                                              0207 087 0700