Print   



Punch Taverns plc (the "Company")
6 January 2010

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 qualifying financial instruments:	X
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):

4 January 2010

6. Date on which issuer notified:

6 January 2010

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

9%

A:    Voting rights attached to shares

Class/type of shares if possible using the ISIN CODE	Situation previous to the triggering transaction
	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/Period Date	Number of voting rights that may be acquired if the instrument is exercised/ converted	% of voting rights

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/Period Date	Number of voting rights that may be acquired if the instrument is exercised/ converted	% of voting rights
Total Return Swap		09-Jan-11 05-Jan-12		49,569,904	Nominal	Delta
					7.72%

Total (A+B+C)

Number of voting rights	% of voting rights
61,093,107	9.51%

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

ENDHOLUGUQAGUPUGQQ