22nd Oct 2008 12:04
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):
20 October 2008
6. Date on which issuer notified:
21 October 2008
7. Threshold(s) that is/are crossed or reached:
3% (BAM .20%, OFI 2.83%)
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 |
Below 3% |
Below 3% |
|
BAM |
Below 3% |
Below 3% |
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 |
7,090,198 |
7,090,198 |
2.83% |
||
|
BAM |
501,427 |
501,427 |
.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 |
|
7,591,625 |
3.03% |
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable (xv):
As of 10/20/2008, BAM held .20% and OFI held 2.83% of IP GROUP PLC (Issuer) based on outstanding shares of 250,291,965. MassMutual on a consolidated basis held 3.03%.
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:
020 7444 0070
Related Shares:
Ip Group