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HG Vora Special Opportunities Master Fund, Ltd., controlled by Parag Vora and HG Vora Capital Management, LLC, notified 888 Holdings plc via a TR-1 form that its total holding reached 5.58% of voting rights as of June 7, 2023. This total of 25,000,000 voting rights comprised 1.34% directly attached to shares and 4.24% through financial instruments.
| Date | 14 Jun 2023 |
| Time | 07:00:10 |
| Category | Holding(s) in company |
| ID | 6163C |
TR-1: Standard form for notification of major holdings
1. Issuer Details
ISIN
GI000A0F6407
Issuer Name
888 HOLDINGS PUBLIC LIMITED COMPANY
UK or Non-UK Issuer
Non-UK
2. Reason for Notification
An acquisition or disposal of voting rights; An acquisition or disposal of financial instruments
3. Details of person subject to the notification obligation
Name
HG Vora Special Opportunities Master Fund, Ltd.
City of registered office (if applicable)
Country of registered office (if applicable)
US
|
Name |
City of registered office |
Country of registered office |
|
Parag Vora |
New York |
USA |
|
HG Vora Capital Management, LLC |
New York |
USA |
4. Details of the shareholder
Full name of shareholder(s) if different from the person(s) subject to the notification obligation, above
City of registered office (if applicable)
Country of registered office (if applicable)
5. Date on which the threshold was crossed or reached
07-Jun-2023
6. Date on which Issuer notified
13-Jun-2023
7. Total positions of person(s) subject to the notification obligation
|
% of voting rights attached to shares (total of 8.A) |
% of voting rights through financial instruments (total of 8.B 1 + 8.B 2) |
Total of both in % (8.A + 8.B) |
Total number of voting rights held in issuer |
|
|
Resulting situation on the date on which threshold was crossed or reached |
1.340000 |
4.240000 |
5.580000 |
25000000 |
|
Position of previous notification (if applicable) |
|
|
|
|
8. Notified details of the resulting situation on the date on which the threshold was crossed or reached
8A. Voting rights attached to shares
|
Class/Type of shares ISIN code(if possible) |
Number of direct voting rights (DTR5.1) |
Number of indirect voting rights (DTR5.2.1) |
% of direct voting rights (DTR5.1) |
% of indirect voting rights (DTR5.2.1) |
|
Ordinary Share GI000A0F6407 |
6000000 |
|
1.340000 |
|
|
Sub Total 8.A |
6000000 |
1.340000% |
||
8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))
|
Type of financial instrument |
Expiration date |
Exercise/conversion period |
Number of voting rights that may be acquired if the instrument is exercised/converted |
% of voting rights |
|
|
|
|
|
|
|
Sub Total 8.B1 |
|
|
|
|
8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))
|
Type of financial instrument |
Expiration date |
Exercise/conversion period |
Physical or cash settlement |
Number of voting rights |
% of voting rights |
|
Swap |
01/12/2027 |
n/a |
Cash |
17982701 |
4.010000 |
|
Swap |
8/6/2028 |
n/a |
Cash |
1017299 |
0.230000 |
|
Sub Total 8.B2 |
|
19000000 |
4.240000% |
||
9. Information in relation to the person subject to the notification obligation
2. Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entities (please add additional rows as necessary)
|
Ultimate controlling person |
Name of controlled undertaking |
% of voting rights if it equals or is higher than the notifiable threshold |
% of voting rights through financial instruments if it equals or is higher than the notifiable threshold |
Total of both if it equals or is higher than the notifiable threshold |
|
Parag Vora |
HG Vora Capital Management, LLC |
1.340000 |
4.240000 |
5.580000% |
|
HG Vora Capital Management, LLC |
HG Vora Special Opportunities Master Fund, Ltd. |
1.340000 |
4.240000 |
5.580000% |
|
HG Vora Special Opportunities Master Fund, Ltd. |
|
1.340000 |
4.240000 |
5.580000% |
10. In case of proxy voting
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
11. Additional Information
12. Date of Completion
13. Place Of Completion
New York, USA