Holding(s) in Company

RNS Number : 4385G

IP Group PLC

22 October 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):

   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

 

END

 

 

HOLFEEFFESASESS