TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi |
||||
|
|
|||
1. Identity of the issuer or the underlying issuer |
IP Group PLC |
|||
2 Reason for the notification (please tick the appropriate box or boxes): |
||||
An acquisition or disposal of voting rights |
x |
|||
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 |
OppenheimerFunds, Inc ("OFI") |
|||
4. Full name of shareholder(s) (if different from 3.):iv
|
See section 9 |
|||
5. Date of the transaction and date on |
April 11, 2011 |
|||
6. Date on which issuer notified: |
April 12, 2011 |
|||
7. Threshold(s) that is/are crossed or |
8% (increased to 8.03%) |
|||
8. Notified details: |
||||||||||||||||
A: Voting rights attached to shares viii, ix |
||||||||||||||||
Class/type of
|
Situation previous |
Resulting situation after the triggering transaction |
||||||||||||||
Number |
Number of |
Number |
Number of voting |
% of voting rights x |
||||||||||||
Direct |
Direct xi |
Indirect xii |
Direct |
Indirect |
||||||||||||
|
20,120,750 |
20,120,750 |
N/A |
N/A |
20,534,370 |
N/A |
8.03% |
|||||||||
GB00B128J450
|
||||||||||||||||
|
||||||||||||||||
B: Qualifying Financial Instruments |
||||||||||||||||
Resulting situation after the triggering transaction |
||||||||||||||||
Type of financial |
Expiration |
Exercise/ |
Number of voting |
% of voting |
||||||||||||
|
|
|
|
|
||||||||||||
|
||||||||||||||||
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi |
||||||||||||||||
Resulting situation after the triggering transaction |
||||||||||||||||
Type of financial |
Exercise price |
Expiration date xvii |
Exercise/ |
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 |
|||||||||||||||
20,534,370 |
8.03% |
|||||||||||||||
9. Chain of controlled undertakings through which the voting rights and/or the |
||
The percentage of holdings noted above is based on the total outstanding shares of 255,763,664.
Massachusetts Mutual Life Insurance Company (MassMutual) is the ultimate parent company of OppenheimerFunds, Inc (OFI). OFI is the registered investment adviser that manages the OppenheimerFunds mutual funds. The 20,534,370 shares acquired by OFI are held as follows: Oppenheimer International Small Company Fund: 1,534,370 shares or 0.60% of the outstanding shares Oppenheimer Global Opportunities Fund: 19,000,000 shares or 7.43% of the outstanding shares
|
||
|
||
Proxy Voting: |
||
10. Name of the proxy holder: |
|
|
11. Number of voting rights proxy holder will cease |
|
|
12. Date on which proxy holder will cease to hold |
|
|
|
||
|
|
|
14. Contact name: |
Greg Smith |
|
15. Contact telephone number: |
+44 (0) 20 7444 0050 |
|