Holding(s) in Company

RNS Number : 1622X

Parity Group PLC

10 August 2009

 



TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

Parity Group 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 the notification obligation:	Lloyds Banking Group plc
4. Full name of shareholder(s) (if different from 3.):	See Section 9
5. Date of the transaction and date on which the threshold is crossed or reached:	6 August 2009
6. Date on which issuer notified:	7 August 2009
7. Threshold(s) that is/are crossed or reached:	Direct decrease to below 5% (Direct/Indirect remains above 5%)

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		Resulting situation after the triggering transaction
	Number of Shares	Number of Voting Rights	Number of shares	Number of voting rights		% of voting rights
			Direct	Direct	Indirect	Direct	Indirect
Ord 2p shares	2,196,727	2,196,727	1,900,544	1,900,544	3,840	4.999%	0.010%
GB00B1235860

B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument	Expiration date	Exercise/  Conversion  Period	Number of voting rights that may be acquired if the instrument is exercised/ converted.	% of voting rights
N/A

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument	Exercise  price	Expiration  date	Exercise/ Conversion  period	Number of voting  rights instrument  refers to	% of voting rights
					Nominal	Delta

Total (A+B+C)
Number of voting rights	Percentage of voting rights
1,904,384	5.009%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:

Clerical Medical Investment Group Limited* ('CMIG') - (Direct) - 1,900,531 (4.999%) Insight Investment Management (Global) Limited* manages holdings on behalf of CMIG and other HBOS subsidiary companies (and other third parties external to the HBOS Group), under various discretionary management agreements. (* - wholly owned subsidiaries of HBOS plc a wholly owned subsidiary of Lloyds Banking Group plc.)

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:	Notification using the total voting rights figure of 38,021,784
14. Contact name:	Kenny Melville
15. Contact telephone number:	0131 243 8671

 

END

 

 

HOLFGGMRGGLGLZM