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: |
Parity 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 |
X |
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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: |
Lloyds Banking Group plc |
4. Full name of shareholder(s) (if different from 3.): |
See Section 9 |
5. Date of the transaction and date on which the threshold is crossed or reached: |
6 August 2009 |
6. Date on which issuer notified: |
7 August 2009 |
7. Threshold(s) that is/are crossed or reached: |
Direct decrease to below 5% (Direct/Indirect remains above 5%) |
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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Ord 2p shares |
2,196,727 |
2,196,727 |
1,900,544 |
1,900,544 |
3,840 |
4.999% |
0.010% |
GB00B1235860 |
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 |
% 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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Nominal |
Delta |
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Total (A+B+C) |
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Number of voting rights |
Percentage of voting rights |
1,904,384 |
5.009% |
9. Chain of controlled undertakings through which the voting rights and/or the |
Clerical Medical Investment Group Limited* ('CMIG') - (Direct) - 1,900,531 (4.999%) Insight Investment Management (Global) Limited* manages holdings on behalf of CMIG and other HBOS subsidiary companies (and other third parties external to the HBOS Group), under various discretionary management agreements. (* - wholly owned subsidiaries of HBOS plc a wholly owned subsidiary of Lloyds Banking Group plc.) |
Proxy Voting: |
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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 38,021,784 |
14. Contact name: |
Kenny Melville |
15. Contact telephone number: |
0131 243 8671 |