Holding(s) in Company

RNS Number : 3209W

Paragon Group Of Companies PLC

09 June 2008

 



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):

5 JUNE 2008

……………..

6. Date on which issuer notified:

6 JUNE 2008

……………..

7. Threshold(s) that is/are crossed or reached:

5% (FELL BELOW 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	16,766,611	5.62%

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	14,772,217		14,772,217		4.95%

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
14,772,217	4.95%

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 05/06/2008, 14,772,217 SHARES EQUAL TO 4.95% 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

……………..

 

END

 

 

HOLFLMFTMMBMBBP