Holding(s) in Company

RNS Number : 2224Z

IP Group PLC

10 January 2011

 



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				Yes
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):
3. Full name of person(s) subject to the notification obligation:		Legal & General Group Plc (Group) Legal & General Investment Management Limited (LGIM) Legal & General Group Plc (L&G)
4. Full name of shareholder(s)  (if different from 3.):		Legal & General Assurance Society Limited (LGAS & LGPL) Legal & General Assurance (Pensions Management) Limited (PMC)
5. Date of the transaction and date on which the threshold is crossed or reached:		06 January 2011
6. Date on which issuer notified:		07 January 2011
7. Threshold(s) that is/are crossed or reached:		Group (Above 5%) LGIM (Above 5%) L&G (From 3% to 7%)

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		Indirect	Direct		Indirect
GBP0.02	Below 5% (As on 01/11/2010) (LGIM)			23,097,313	18,639,176		4,458,137	7.29%		1.74%
	9,635,635 (As on 01/11/2010) (L&G)
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
CFD	N/A	N/A	N/A	2,000,000	Nominal	Delta
					0.78%	0.78%
Total (A+B+C)
Number of voting rights				Percentage of voting rights
25,097,313 (LGIM)				9.81%
18,639,176 (L&G)				7.29%

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

Legal & General Group Plc (Direct and Indirect) (Group) ( 25,097,313 -9.81%= Total Position) Legal & General Investment Management (Holdings) Limited (LGIMH) (Direct and Indirect)  ( 25,097,313 -9.81% = Total Position) Legal & General Investment Management Limited (Indirect) (LGIM) (25,097,313 - 9.81% = Total Position) Legal & General Group Plc (Direct) (L&G) ( 18,639,176 -7.29%= LGAS, LGPL & PMC) Legal & General Investment Management (Holdings) Limited (Direct) (LGIMHD) ( 8,738,541 - 3.42%= PMC)  Legal & General Insurance Holdings Limited (Direct) (LGIH) ( 9,900,635 -3.87%= LGAS & LGPL)  Legal & General Assurance (Pensions Management) Limited  (PMC) ( 8,738,541 - 3.42%= PMC)  Legal & General Assurance Society Limited  (LGAS & LGPL) ( 9,900,635 - 3.87%= LGAS & LGPL)  Legal & General Pensions Limited (Direct, <3%)  (LGPL)

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:	Notification using the total voting rights figure of  255,763,664
14. Contact name:	Greg Smith
15. Contact telephone number:	020 7444 0050

 

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