Holding(s) in Company

RNS Number : 8594D

IP Group PLC

09 December 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:

IP Group PLC

2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights
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):	Change to ownership percentage as a result in an increase in outstanding shares. No change to number of shares held.	X

3. Full name of person(s) subject to the notification obligation:	Baring Asset Management Limited ("BAM") OppenheimFunds, Inc ("OFI")
4. Full name of shareholder(s) (if different from 3.):
5. Date of the transaction and date on which the threshold is crossed or reached:	4 December 2009
6. Date on which issuer notified:	8 December 2009
7. Threshold(s) that is/are crossed or reached:	10% (Change to ownership percentages, 9.8258% in aggregate, due to increase in outstanding shares)

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
GB00B128J450	1,010,150 (BAM)	1,010,150 (BAM)	1,010,150 (BAM)		1,010,150 (BAM)		.3950% (BAM)
	24,120,750 (OFI)	24,120,750 (OFI)	24,120,750 (OFI)		24,120,750 (OFI)		9.4309% (OFI)
	25,130,900 (Total)	25,130,900 (Total)	25,130,900 (Total)		25,130,900 (Total)		9.8258% (Total)

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

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
BAM: 1,010,150 OFI: 24,120,750 Total: 25,130,900	BAM: .3950% OFI: 9.4309% Total: 9.8258%

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

The percentage of holdings noted above is based on the total outstanding shares of 255,763,664. There was no change in the number of shares held. The total outstanding shares increased, thereby decreasing the percentage of the shares held. Massachusetts Mutual Life Insurance Company (MassMutual) is the Parent Company of Baring Asset Management Limited (BAM) and OppenheimerFunds, Inc (OFI).

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:	Greg Smith
15. Contact telephone number:	0845 074 2929

 

END

 

 

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