30th Oct 2008 16:11
TR-1(i): NOTIFICATION OF MAJOR INTERESTS IN SHARES
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached (ii):
IP Group Plc
2. Reason for the notification (please state Yes/No):
An acquisition or disposal of voting rights: ( Yes )
An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached: ( )
An event changing the breakdown of voting rights: ( )
Other (please specify) : ( )
3. Full name of person(s) subject to the notification obligation (iii):
Baring Asset Management Limited (BAM)
OppenheimerFunds, Inc. (OFI)
4. Full name of shareholder(s) (if different from 3.) (iv):
N/A
5. Date of the transaction (and date on which the threshold is crossed or reached if different) (v):
28/10/2008
6. Date on which issuer notified:
29/10/2008
7. Threshold(s) that is/are crossed or reached:
3% (BAM .20%, OFI 3.26%)
8. Notified details:
Investor Relations contact
Liz Vaughan-Adams, communications
Magnus Goodlad, Director
Email: [email protected]
A: Voting rights attached to shares
|
Class/type of shares if possible using the ISIN CODE |
Situation previous to the Triggering transaction (vi) |
|
|
|
Number of shares |
Number of voting Rights (viii) |
|
GB00B128J450 OFI BAM |
7,090,198 501,427 |
7,090,198 501,427 |
Resulting situation after the triggering transaction (vii)
|
Class/type of shares if possible using the ISIN CODE |
Number of shares |
Number of voting rights (ix) |
% of voting rights |
||
|
|
Direct |
Direct (x) |
Indirect (xi) |
Direct |
Indirect |
|
GB00B128J450 OFI BAM |
8,164,518 500,427 |
8,164,518 500,427 |
3.26% .20% |
||
B: Financial Instruments
Resulting situation after the triggering transaction (xii)
|
Type of financial instrument |
Expiration Date (xiii) |
Exercise/Conversion Period/ Date (xiv) |
Number of voting rights that may be acquired if the instrument is exercised/ converted. |
% of voting rights |
|
N/A |
Total (A+B)
|
Number of voting rights |
% of voting rights |
|
8,664,945 |
3.46% |
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable (xv):
As of 28/10/08, BAM held .20% of IP Group plc ("Issuer"). As of 28/10/08, OFI independently crossed the 3% reporting threshold andheld 3.26% of the Issuer MassMutual on a consolidated basis held 3.46% as of 28/10/08. These calculations are based on outstanding shares of 250,291,965.
Proxy Voting:
10. Name of the proxy holder:
N/A
11. Number of voting rights proxy holder will cease to hold:
N/A
12. Date on which proxy holder will cease to hold voting rights:
N/A
13. Additional information:
Massachusetts Mutual Life Insurance Company is the parent company of BAM and OFI
14. Contact name:
Greg Smith
15. Contact telephone number:
0207 444 0050
Related Shares:
Ip Group