Holding(s) in Company

RNS Number : 7586I

Parity Group PLC

17 March 2010

 



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):
An acquisition or disposal of voting rights
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):		Yes, transfer of voting rights

3. Full name of person(s) subject to the notification obligation:	Aberforth Partners LLP
4. Full name of shareholder(s) (if different from 3.):	Shareholder 1. Aberforth Smaller Companies Trust plc 2. Aberforth UK Small Companies Fund	Shares 3,479,857 3,299,925
	All shares are registered in the name of Nortrust Nominees Ltd A/C Aberfrth
5. Date of the transaction and date on which the threshold is crossed or reached:	15/03/2010
6. Date on which issuer notified:	Received by Issuer 16/03/2010
7. Threshold(s) that is/are crossed or reached:	18%

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	Direct	Indirect	Direct	Indirect
Ordinary GB00B1235860	7,709,118	7,709,118	6,779,782	n/a	6,779,782	n/a	17.83

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

Total (A+B+C)
Number of voting rights	Percentage of voting rights
6,779,782	17.83

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

Held by Aberforth Partners LLP

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:	The voting rights attached to shares beneficially held by The Church Commissioners for England ("Church") were transferred to Church with effect from today, 15 March 2010.  Aberforth Partners LLP continue to manage funds for the Church on a discretionary basis. In addition, Aberforth Partners LLP is interested in a further 1,871,737 shares although it does not have access to the voting rights of these shares.  Aberforth Partners LLP is, therefore, interested in a total of 8,651,519 shares of Parity Group PLC.  This interest arises as a result of the discretionary investment management powers that it can exercise over the funds of its clients.  Aberforth Partners LLP is not the beneficial owner of these shares.
14. Contact name:	Pauline Robson, Aberforth Partners LLP
15. Contact telephone number:	0131 220 0733

 

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