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): |
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An acquisition or disposal of voting rights |
Yes |
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An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached |
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An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments |
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An event changing the breakdown of voting rights |
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Other (please specify): |
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3. Full name of person(s) subject to the notification obligation:
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Baillie Gifford & Co
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4. Full name of shareholder(s) (if different from 3.):
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See section 9 |
5. Date of the transaction and date on which the threshold is crossed or reached:
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22 Nov 2011 |
6. Date on which issuer notified:
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23 Nov 2011 |
7. Threshold(s) that is/are crossed or reached:
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11% |
8. Notified details: |
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A: Voting rights attached to shares
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Class/type of
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Situation previous |
Resulting situation after the triggering transaction |
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Number |
Number |
Number |
Number of voting |
% of voting rights |
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Direct |
Direct |
Indirect |
Direct |
Indirect |
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Ordinary Share GB00B128J450
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37,417,884 |
37,417,884 |
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40,682,946 |
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11.12% |
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B: Qualifying Financial Instruments |
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Resulting situation after the triggering transaction
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Type of financial |
Expiration |
Exercise/ |
Number of voting
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% of voting |
N/A |
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C: Financial Instruments with similar economic effect to Qualifying Financial Instruments |
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Resulting situation after the triggering transaction
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Type of financial |
Exercise |
Expiration |
Exercise/ |
Number of voting |
% of voting rights
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N/A |
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Nominal |
Delta
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Total (A+B+C)
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Number of voting rights |
Percentage of voting rights |
40,682,946 |
11.12% |
9. Chain of controlled undertakings through which the voting rights and/or the |
In the narrative below, the figures in [ ] indicate the amount of voting rights and the percentage held by each controlled undertaking where relevant. Baillie Gifford & Co, a discretionary investment manager, is the parent undertaking of an investment management group. Its wholly-owned subsidiary undertaking Baillie Gifford Overseas Limited [7,113,596; 1.94%] is also a discretionary investment manager. Its wholly-owned subsidiary undertaking Baillie Gifford & Co Limited [7,830,790; 2.14%] is an OEIC Authorised Corporate Director and Unit Trust Manager which has delegated its discretionary investment management role to Baillie Gifford & Co.
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Proxy Voting: |
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10. Name of the proxy holder:
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11. Number of voting rights proxy holder will cease to hold: |
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12. Date on which proxy holder will cease to hold voting rights: |
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13. Additional information: |
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14. Contact name: |
Greg Smith |
15. Contact telephone number: |
020 7444 0050 |