Holding(s) in Company

RNS Number : 6744A

Paragon Group Of Companies PLC

03 February 2011

 



TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii			The Paragon Group of Companies 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: iii		Prudential plc group of companies
4. Full name of shareholder(s)  (if different from 3.):iv		See schedule below
5. Date of the transaction and date on which the threshold is crossed or reached: v		01 February 2011
6. Date on which issuer notified:		02 February 2011
7. Threshold(s) that is/are crossed or reached: vi, vii		See item 13

8. Notified details:

A: Voting rights attached to shares viii, ix

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 x

Direct

Direct xi

Indirect xii

Direct

Indirect

GB00B2NGPM57

18,035,531

18,035,531

17,988,964

17,968,935

20,029

6.00%

0.01%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date xiii

Exercise/ Conversion Period xiv

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 xv, xvi

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date xvii

Exercise/ Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

17,988,964

6.01%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
Prudential plc (parent Company) M&G Group Limited (wholly owned subsidiary of Prudential plc) M&G Limited (wholly owned subsidiary of M&G Group Limited) M&G Investment Management Limited (wholly owned subsidiary of M&G Limited) The Prudential Assurance Company Limited (wholly owned subsidiary of Prudential Plc)
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:	The notifiable position has not crossed a disclosable threshold. The notifiable position of 6.01% is an exempt holding under section 5.1.2 of the FSA's DTR Handbook. The trigger for this notification is the movement from 6.00% to 5.99% in the non-exempt holding, which makes up part of the 6.01% notifiable interest.
14. Contact name:	John G. Gemmell, Group Company Secretary
15. Contact telephone number:	0121 712 2075

SCHEDULE FOR ITEM 4

Notifiable Position Report for

The Paragon Group of Companies PLC

As at 1 February 2011

Percentage holdings are calculated using 299,076,545 Total Voting Rights

	Registered Holder		Holding	Voting Rights	% Voting Rights
Prudential plc				17,988,964	6.01	Total Notifiable Interest
Holding Type: Direct
	NORTRUST NOMINEE LTD A/C MHF01		66,208	66,208
	PRUCLT HSBC GIS NOM(UK) PAC AC		17,811,727	17,811,727
	PRUCLT HSBC GIS NOM(UK) PPL AC		91,000	91,000
		Sub Total:	17,968,935	17,968,935
Holding Type: Indirect
	JP MORGAN NOMINEES		20,029	20,029
		Sub Total:	20,029	20,029
M&G Group Limited				17,968,935	6.00
	NORTRUST NOMINEE LTD A/C MHF01		66,208	66,208
	PRUCLT HSBC GIS NOM(UK) PAC AC		17,811,727	17,811,727
	PRUCLT HSBC GIS NOM(UK) PPL AC		91,000	91,000
M&G Investment Management Limited				17,902,727	5.98
	PRUCLT HSBC GIS NOM(UK) PAC AC		17,811,727	17,811,727
	PRUCLT HSBC GIS NOM(UK) PPL AC		91,000	91,000
M&G Limited				17,968,935	6.00
	NORTRUST NOMINEE LTD A/C MHF01		66,208	66,208
	PRUCLT HSBC GIS NOM(UK) PAC AC		17,811,727	17,811,727
	PRUCLT HSBC GIS NOM(UK) PPL AC		91,000	91,000
The Prudential Assurance Company Limited				17,902,727	5.98
	PRUCLT HSBC GIS NOM(UK) PAC AC		17,811,727	17,811,727
	PRUCLT HSBC GIS NOM(UK) PPL AC		91,000	91,000

 

END

 

 

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