15th Jan 2009 10:29
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):
OppenheimerFunds, Inc. (OFI)
Baring Asset Management Limited (BAM)
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):
January 13, 2009
6. Date on which issuer notified:
January 14, 2009
7. Threshold(s) that is/are crossed or reached:
5% (BAM .21%, OFI 4.81%)
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) |
|
GB00B128J450 OFI BAM MassMutual |
10,013,382 500,427 |
10,013,382 500,427 |
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 MassMutual |
12,041,357 514,949 12,556,306 |
12,041,357 514,949 12,556,306 |
4.81% .21% 5.02% |
||
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 |
|
12,556,306 |
5.02% |
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable (xv):
As of 1/13/09, BAM held .21% of IP GROUP PLC ("Issuer"). As of 1/13/09, OFI held 4.81% of the Issuer. MassMutual therfore, on a consolidated basis, crossed the 5% reporting threshold and held 5.02% as of 1/13/09. These calulations 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:
N/A
14. Contact name:
Greg Smith
15. Contact telephone number:
0207 444 0050
Related Shares:
Ip Group