Holding(s) in Company

RNS Number : 3832D

Paragon Group Of Companies PLC

26 April 2013



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:		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 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 in ISC
3. Full name of person(s) subject to the notification obligation:	Ignis Investment Services Limited
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 if different:	25/04/2013
6. Date on which issuer notified:	26/04/2013
7. Threshold(s) that is/are crossed or reached:	3%

8.Notified details: Nominee holdings
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 ^viii	Number of shares	Number of voting rights		% of voting rights
			Direct	Direct	Indirect	Direct	Indirect
GB00B2NGPM57					9,258,660		3.05

B: Financial Instruments
Resulting situation after the triggering transaction ^xii
Type of financial instrument		Expiration date		Exercise/ Conversion Period/ Date				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
9,258,660						3.05

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

Vidacos Nominees Ltd (8,346,771, 2.75%)

HSBC (911,889, 0.30%)

Phoenix Group Holdings

Impala Holdings Limited

Ignis Asset management Ltd

Ignis Investment Services Ltd (indirect)

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:	Percentage calculation based on Issued Share Capital of 303,648,707
14. Contact name:	John G Gemmell, Group Company Secretary
15. Contact telephone number:	0121 712 2075