Holding(s) in Company

RNS Number : 2326I

IP Group PLC

14 November 2008

 

TR-1(i): NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached (ii):

     IP Group Plc 

2. Reason for the notification (please state Yes/No): 

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 event changing the breakdown of voting rights: ( )

Other (please specify) : ( )

3. Full name of person(s) subject to the notification obligation (iii):

   OppenheimerFunds, Inc. (OFI)

  Baring Asset Management Limited (BAM)

4. Full name of shareholder(s) (if different from 3.) (iv):

  N/A

5. Date of the transaction (and date on which the threshold is crossed or reached if different) (v):

   12/11/2008

6. Date on which issuer notified:

    14/11/2008

7. Threshold(s) that is/are crossed or reached:

   4% (BAM .1999%%, OFI 4.0007%)

8. Notified details: 

  Investor Relations contract

Liz Vaughan-Adams, Communications

Magnus Goodlad, Director

Email: [e-mail]   [e-mail]    

A: Voting rights attached to shares

Class/type of shares if possible using the ISIN CODE	Situation previous to the Triggering transaction (vi)
	Number of shares	Number of voting Rights (viii)
GB00B128J450 OFI BAM	9,812,960 500,427	9,812,960 500,427

Resulting situation after the triggering transaction (vii)

Class/type of shares if possible using the ISIN CODE	Number of shares	Number of voting rights (ix)		% of voting rights
	Direct	Direct (x)	Indirect (xi)	Direct	Indirect
GB00B128J450 OFI BAM	10,013,382 500,427		10,013,382 500,427		4.0007% .1999%

B: Financial Instruments

Resulting situation after the triggering transaction (xii)

Type of financial instrument	Expiration Date (xiii)	Exercise/Conversion Period/ Date (xiv)	Number of voting rights that may be acquired if the instrument is exercised/ converted.	% of voting rights
		N/A

Total (A+B)

Number of voting rights	% of voting rights
10,513,809	4.2006%

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

As of 12/11/08, BAM held .1999% of IP Group plc ('Issuer'). As of 12/11/08, OFI held 4.0007% of the Issuer MassMutual, on a consolidated basis therefore, held 4.2006% as of 12/11/08. These calculations are based on outstanding shares of 250,291,965.

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:

Massachusetts Mutual Life Insurance Company is the parent company of BAM and OFI

14. Contact name:

   Greg Smith 

15. Contact telephone number:

 0207 444 0050

 

END

 

 

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