3rd Nov 2008 16:34
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):
THE PARAGON GROUP OF COMPANIES 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):
OPPENHEIMER FUNDS INC (OFI)
……………..
4. Full name of shareholder(s) (if different from 3.) (iv):
……………..
5. Date of the transaction (and date on which the threshold is crossed or reached if different) (v):
29 OCTOBER 2008
……………..
6. Date on which issuer notified:
31 OCTOBER 2008
……………..
7. Threshold(s) that is/are crossed or reached:
5% (INCREASED ABOVE INTEGER)
……………..
8. Notified details:
……………..
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) |
|
GB00B2NGPM57 OFI |
14,772,217 |
4.95% |
Resulting situation after the triggering transaction (vii)
|
Class/type of shares if possible using the ISIN CODE |
Number of shares Direct |
Number of voting rights (ix) |
% of voting rights |
||
|
|
Direct (x) |
Indirect (xi) |
Direct |
Indirect |
|
|
GB00B2NGPM57 OFI |
15,012,156 |
15,012,156 |
5.029% |
||
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 |
Total (A+B)
|
Number of voting rights |
% of voting rights |
|
15,012,156 |
5.029% |
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable (xv):
OPPENHEIMER FUNDS, INC. OWNS, AS OF 29/10/2008, 15,012,156 SHARES EQUAL TO 5.029% OF THE SHARES OUTSTANDING (298,490,705).
……………..
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:
JOHN G. GEMMELL
……………..
15. Contact telephone number:
0121 712 2075
……………..
Related Shares:
Paragon Group