Holding(s) in Company

RNS Number : 7871L

IP Group PLC

16 January 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):

     N/A

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

     January 14, 2009

6. Date on which issuer notified:

     January 15, 2009

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

     5% (BAM .21%, OFI 5.02%)

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 BalM MassMutual	12,041,357 514,949	12,041,357 514,949

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 BalM MassMutual	12,578,023 514,949 13,092,972		12,578,023 514 949 13,092,972		5.02% .21% 5.23%

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
13,092,972	5.23%

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

 As of 1/14/09, BAM held .21% of IP GROUP PLC ('Issuer'). As of 1/14/09, OFI independently crossed the 5% reporting threshold and held 5.02% of the Issuer. MassMutual therefore, on a consolidated basis, held 5.23% as of 1/14/09. 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:

       Massachusetts Mutual Life Insurance Company is the parent company of BAM and OFI.

14. Contact name:

       Greg Smith 

15. Contact telephone number:

 0845 074 2929

 

END

 

 

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