(PUB.L) Punch Taverns PLC Buy/Sell

RNS Number : 6660B Punch Taverns PLC 30 October 2009

Punch Taverns plc (the "Company") 30 October 2009

TR-1 NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

Punch Taverns plc

2. Reason for the notification (please tick the appropriate box or boxes)

An acquisition or disposal of voting rights:

An acquisition or disposal of 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 notification obligation:

Glenview Capital Management, LLC

4. Full name of shareholder(s) (if different from 3):

5. Date of the transaction (and date on which the threshold if crossed or reached if different):

27 October 2009

6. Date on which issuer notified:

29 October 2009

7. Threshold(s) that is/are crossed or reached:

8%

A: Voting rights attached to shares
Class/type of shares if Situation previous to the triggering transaction

possible using the ISIN CODE
Number of shares Number of voting rights
GB0031552861 11,523,203 11,523,203

Resulting situation after the triggering transaction
Number of shares Number of voting rights % of voting rights
Direct Direct Indirect Direct Indirect
11,523,203 1.79%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction
Type of financial instrument Expiration date Exercise/Conversion/ Number of voting % of voting rights
Period Date rights that may be
acquired if the
instrument is
exercised/ converted

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction
Type of financial instrument Exercise price Expiration date Exercise/Conversion/ Number of voting % of voting rights
Period Date rights that may be
acquired if the
instrument is
exercised/ converted
Total Return Swap 13-Jan-11 43,924,211 Nominal Delta
28-Oct-11
6.84%

Total (A+B+C)

Number of voting rights % of voting rights
55,447,414 8.63%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:

Larry Robins, the CEO of Glenview Capital Management, LLC ("Glenview"), is the ultimate controller of Glenview.

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:

Claire Stewart, Deputy Company Secretary

15. Contact telephone number:

(01283) 501 858

This information is provided by RNS The company news service from the London Stock Exchange

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