3rd Jul 2020 07:00
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES | ||||
1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii | LSL PROPERTY SERVICES PLC | |||
2 Reason for the notification (please tick the appropriate box or boxes): | ||||
An acquisition or disposal of voting rights | X | |||
An acquisition or disposal of qualifying 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 | ||||
An event changing the breakdown of voting rights | ||||
Other (please specify): | ||||
3. Full name of person(s) subject to thenotification obligation: iii | RUSSELL INVESTMENTS GROUP, LTD | |||
4. Full name of shareholder(s) (if different from 3.):iv | STATE STREET BANK & TRUST CO. (as custodian) | |||
5. Date of the transaction and date onwhich the threshold is crossed orreached: v | 1 November 2019 (please see additional information below) | |||
6. Date on which issuer notified: | 2 July 2020 | |||
7. Threshold(s) that is/are crossed orreached: vi, vii | Holding has decreased to 0.95% | |||
8. Notified details: | |||||||||||||||||
A: Voting rights attached to shares viii, ix | |||||||||||||||||
Class/type ofshares if possible usingthe ISIN CODE | Situation previousto the triggeringtransaction | Resulting situation after the triggering transaction | |||||||||||||||
NumberofShares | NumberofVotingRights | Numberof shares | Number of votingrights | % of voting rights x | |||||||||||||
Direct | Direct xi | Indirect xii | Direct | Indirect | |||||||||||||
See additional information below |
See additional information below |
0 |
0 |
993,270 |
0 |
0.95% | |||||||||||
GB00B1G5HX72 | |||||||||||||||||
B: Qualifying Financial Instruments | |||||||||||||||||
Resulting situation after the triggering transaction | |||||||||||||||||
Type of financialinstrument | Expirationdate xiii | Exercise/Conversion Period xiv | Number of votingrights that may beacquired if theinstrument isexercised/ converted. | % of votingrights | |||||||||||||
N/A | |||||||||||||||||
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi | |||||||||||||||||
Resulting situation after the triggering transaction | |||||||||||||||||
Type of financialinstrument | Exercise price | Expiration date xvii | Exercise/Conversion period xviii | Number of voting rights instrument refers to
| % of voting rights xix, xx
| ||||||||||||
N/A |
| Nominal | Delta | ||||||||||||||
Total (A+B+C) | |||||||||||||||||
Number of voting rights | Percentage of voting rights | ||||||||||||||||
993,270 | 0.95% | ||||||||||||||||
9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi | |||||||||||||||||
RUSSELL INVESTMENTS GROUP, LTD | |||||||||||||||||
Proxy Voting: | |||||||||||||||||
10. Name of the proxy holder: | Glass Lewis & Co | ||||||||||||||||
11. Number of voting rights proxy holder will ceaseto hold: | |||||||||||||||||
12. Date on which proxy holder will cease to holdvoting rights: | |||||||||||||||||
13. Additional information: | The shares in section 8 of this disclosure are common stock to which voting rights are attached and are held in portfolios and funds managed on a discretionary basis by entities within Russell Investments Group, Ltd.
Following the disclosure made on 21 May 2018, subsequent disclosures were inadvertently not made when the shares held either fell below or exceeded the reporting threshold of 5%:
1 November 2019 (fell below): Number of voting rights: 4,455,222; Percentage of voting rights: 4.28%
22 November 2019 (exceed): Number of voting rights: 6,136,280; Percentage of voting rights: 5.89%
13 April 2020 (fell below) Number of voting rights: 2,976,087; Percentage of voting rights: 2.86%
This oversight was due to human error. Procedures and processes have now been put in place to ensure that this oversight will not occur again
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14. Contact name: | Mark Smith, Director, EMEA Compliance | ||||||||||||||||
15. Contact telephone number: | +44 20 7024 6384 | ||||||||||||||||
Related Shares:
Lsl Prop