Holding(s) in Company

RNS Number : 5001N

IP Group PLC

18 February 2009

 



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):

5. Date of the transaction (and date on which the threshold is crossed or reached if different) (v):

13 February 2009

6. Date on which issuer notified:

17 February 2009

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

9% (BAM .21%, OFI 9.54%)

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	15,187,750	15,187,750
BAM	514,949	514,949
MassMutual	15,702,699	15,702,699

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
OFI BAM MassMutual	23,879,640 514,949 23,394,589		23,879,640 514,949 24,394,589		9.54% .21% 9.75%

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
24,394,589	9.75%

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

As of 13 February 2009, BAM held .21% of IP GROUP PLC ('Issuer'). As of 13 February 2009, OFI independently crossed the 9% reporting threshold and held 9.54% of the Issuer. MassMutual therefore, on a consolidated basis, held 9.75% as of 14 February 2009. These calculations 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:

0845 074 2929

 

END

 

 

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