TIDMIPO

RNS Number : 1935L

IP Group PLC

23 April 2015

 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
-------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or the underlying                              IP Group plc 
  issuer 
  of existing shares to which voting rights 
  are 
  attached: (ii) 
--------------------------------------------------  ---------------------------------- 
 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                  Woodford Investment Management LLP 
  to the                                                                    (Woodford) 
  notification obligation: (iii) 
--------------------------------------------  ---------------------------------------- 
 4. Full name of shareholder(s)                                    Clients of Woodford 
  (if different from 3.):(iv) 
--------------------------------------------  ---------------------------------------- 
 5. Date of the transaction and date                                           21.4.15 
  on 
  which the threshold is crossed 
  or 
  reached: (v) 
--------------------------------------------  ---------------------------------------- 
 6. Date on which issuer notified:                                             22.4.15 
--------------------------------------------  ---------------------------------------- 
 7. Threshold(s) that is/are crossed 
  or 
  reached: (vi, vii)                                                               10% 
--------------------------------------------  ---------------------------------------- 
 
 
 
 8. Notified details: 
------------------------------------------------------------------------------------------------------------------------------------------ 
 A: Voting rights attached to shares (viii, ix) 
------------------------------------------------------------------------------------------------------------------------------------------ 
 Class/type     Situation previous                   Resulting situation after the triggering 
 of              to the triggering                    transaction 
 shares          transaction 
 
 if possible 
 using 
 the ISIN 
 CODE 
-------------  -----------------------------------  -------------------------------------------------------------------------------------- 
                Number           Number              Number         Number of voting              % of voting rights 
                 of               of                  of shares      rights                        (x) 
                 Shares           Voting 
                                  Rights 
-------------  ---------------  ------------------  -------------  ----------------------------  ----------------------------------------- 
                                                     Direct         Direct         Indirect   Direct                 Indirect 
                                                                     (xi)           (xii) 
-------------    ----  -------  ------  -----  ---  -------------  -------------  ---------  -------------------  ---------------  ------- 
 GB00B128J450     46,006,919        46,006,919        54,665,460     54,665,460                          10.2% 
               ---------------  ------------------  -------------  -------------  -------------  --------------------  ------------------- 
 
 B: Qualifying Financial Instruments 
------------------------------------------------------------------------------------------------------------------------------------------ 
 Resulting situation after the triggering transaction 
------------------------------------------------------------------------------------------------------------------------------------------ 
 Type of financial      Expiration       Exercise/                        Number of voting                     % of voting 
  instrument             date (xiii)      Conversion Period                rights that may                      rights 
                                          (xiv)                            be 
                                                                           acquired if the 
                                                                           instrument is 
                                                                           exercised/ converted. 
---------------------  ---------------  -------------------------------  -----------------------------------  ---------------------------- 
 
 
 C: Financial Instruments with similar economic effect to Qualifying Financial 
  Instruments (xv, xvi) 
------------------------------------------------------------------------------------------------------------------------------------------ 
 Resulting situation after the triggering transaction 
------------------------------------------------------------------------------------------------------------------------------------------ 
 Type of          Exercise       Expiration     Exercise/           Number of voting                    % of voting rights 
 financial         price          date (xvii)    Conversion          rights instrument                   (xix, xx) 
 instrument                                      period              refers to 
                                                 (xviii) 
---------------  -------------  -------------  ------------------  ----------------------------------  ----------------------------------- 
                                                                                                        Nominal             Delta 
---------------  -------------  -------------  ------------------  ----------------------------------  ------------------  --------------- 
 
 
 Total (A+B+C) 
------------------------------------------------------------------------------------------------------------------------------------------ 
 Number of voting rights                                          Percentage of voting rights 
---------------------------------------------------------------  ------------------------------------------------------------------------- 
 54,665,460                                                       10.2% 
---------------------------------------------------------------  ------------------------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the 
  financial instruments are effectively held, if applicable: (xxi) 
-------------------------------------------------------------------------------- 
 
                        Woodford Investment Management LLP as Investment Manager 
 
 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: 
----------------------------------------  -------------------------------------- 
 14. Contact name:                                                    Greg Smith 
----------------------------------------  -------------------------------------- 
 15. Contact telephone number:                              +44 (0) 20 7444 0050 
----------------------------------------  -------------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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