TIDMIMM TIDMLGEN

RNS Number : 6800O

Immupharma PLC

09 November 2016

 
 RNS : FOR IMMEDIATE RELEASE   9 NOVEMBER 2016 
 

NOTIFICATION OF MAJOR INTEREST BY LEGAL & GENERAL

ImmuPharma PLC (LSE:IMM) ("ImmuPharma" or the "Company"), the specialist drug discovery and development company, announces that it has received notification by Legal & General Group Plc ("L&G") confirming its holding in ImmuPharma of 4,285,714 million Ordinary Shares in the capital of the Company, representing 3.43% of ImmuPharma's total voting rights.

Commenting, Tim McCarthy, Chairman of ImmuPharma, said: "We are delighted to be able to disclose Legal & General as one of the new significant and major institutional investors which participated in ImmuPharma's recent successful vendor placing. One of the Board's priorities is to maintain and strengthen our shareholder base. We are therefore delighted that such a highly regarded institution as Legal & General has demonstrated its support for ImmuPharma."

Full disclosure of the TR1 is shown below:

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES 
-------------------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or                                            Immupharma Plc 
  the underlying issuer 
  of existing shares to which 
  voting rights are 
  attached: 
------------------------------------------------------------  ------------------------------------ 
 2. Reason for the notification (please tick the appropriate 
  box or boxes): 
-------------------------------------------------------------------------------------------------- 
 An acquisition or disposal of voting rights                                                   Yes 
--------------------------------------------------------------------------------------------  ---- 
 
   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                                              Yes 
--------------------------------------------------------------------------------------------  ---- 
 Other (please                                             Placement of 2,857,143 shares 
  specify): 
--------------------------------------------------------  ----------------------------------  ---- 
 3. Full name of person(s)                                         Legal & General Group Plc 
  subject to the                                                             (L&G) 
  notification obligation: 
----------------------------------------------------------  -------------------------------------- 
 4. Full name of shareholder(s) 
  (if different from 3.):                                           Legal & General Assurance 
                                                                  Society Limited (LGAS & LGPL) 
----------------------------------------------------------  -------------------------------------- 
                                                                        21 October 2016 
   5. Date of the transaction 
   and date on 
   which the threshold is 
   crossed or 
   reached: 
----------------------------------------------------------  -------------------------------------- 
 6. Date on which issuer                                                28 October 2016 
  notified: 
----------------------------------------------------------  -------------------------------------- 
 7. Threshold(s) that is/are                                            L&G (Above 3%) 
  crossed or 
  reached: 
----------------------------------------------------------  -------------------------------------- 
 
 
 
 8. Notified details: 
-------------------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares 
-------------------------------------------------------------------------------------------------------------------------------- 
 Class/type                  Situation previous                                   Resulting situation after the 
 of                           to the triggering                                       triggering transaction 
 shares                          transaction 
 
 if possible 
 using 
 the ISIN 
 CODE 
------------  ------------------------------------------------  ---------------------------------------------------------------- 
                   Number                   Number                                  Number of voting            % of voting 
                     of                       of                                          rights                   rights 
                   Shares                   Voting 
                                            Rights 
------------  ----------------  ------------------------------                 --------------------------  --------------------- 
                                                                    Number         Direct       Indirect     Direct    Indirect 
                                                                  of shares 
------------      ------------      ------------  ------------  -------------  -------------  -----------  ---------  ---------- 
 ORD GBP                     First notification 
  0.10                       under DTR Sourcebook                  4,285,714      4,285,714        -         3.43%         - 
------------  ------------------------------------------------  -------------  -------------  -----------  ---------  ---------- 
 
 B: Qualifying Financial Instruments 
-------------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
-------------------------------------------------------------------------------------------------------------------------------- 
                                                                                  Number of voting 
  Type of            Expiration        Exercise/                                   rights that                  % of voting 
  financial          date              Conversion                                  may be                       rights 
  instrument                           Period                                      acquired if 
                                                                                   the 
                                                                                   instrument 
                                                                                   is 
                                                                                   exercised/ 
                                                                                   converted. 
----------------  ----------------  -------------------------------------------  --------------------------  ------------------- 
 
 
 C: Financial Instruments with similar economic effect 
  to Qualifying Financial Instruments 
-------------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
-------------------------------------------------------------------------------------------------------------------------------- 
 
  Type of          Exercise         Expiration       Exercise/       Number of voting              % of voting 
  financial        price            date             Conversion      rights instrument             rights 
  instrument                                         period          refers to 
--------------  ----------------  --------------  --------------  ----------------------------  -------------------------------- 
                                                                                                       Nominal           Delta 
--------------  ----------------  --------------  --------------  ----------------------------  --------------------  ---------- 
 
 
 Total (A+B+C) 
-------------------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                           Percentage of voting rights 
----------------------------------------------------------------  -------------------------------------------------------------- 
 
                             4,285,714                                                         3.43% 
----------------------------------------------------------------  -------------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
-------------------------------------------------------------------------------------------------------------------- 
                                                                               Legal & General Group Plc (Direct and 
                                                                                 Indirect) (Group) (Below 5% = Total 
                                                                                                           Position) 
                                                                               Legal & General Investment Management 
                                                                              (Holdings) Limited (LGIMH) (Direct and 
                                                                                                    Indirect) (Below 
                                                                                                5% = Total Position) 
                                                                               Legal & General Investment Management 
                                                                         Limited (Indirect) (LGIM) (Below 5% = Total 
                                                                                                           Position) 
                                      Legal & General Group Plc (Direct) (L&G) (4,285,714, 3.43% = LGAS, LGPL & PMC) 
                              Legal & General Investment Management       Legal & General Insurance Holdings Limited 
                              (Holdings) Limited (Direct) (LGIMHD)        (Direct) (LGIH) (4,285,714, 3.43% = LGAS & 
                                                                                                               LGPL) 
                               Legal & General Assurance (Pensions         Legal & General Assurance Society Limited 
                                Management) Limited (PMC)                   (LGAS & LGPL) (4,285,714, 3.43% = LGAS & 
                                                                                                               LGPL) 
                                                                           Legal & General Pensions Limited (Direct) 
                                                                                                              (LGPL) 
 
 Proxy Voting: 
-------------------------------------------------------------------------------------------------------------------- 
 10. Name of the proxy holder:                                                                  N/A 
-----------------------------------------------------------------------------  ------------------------------------- 
 11. Number of voting rights proxy                                                              N/A 
  holder will cease 
  to hold: 
-----------------------------------------------------------------------------  ------------------------------------- 
 12. Date on which proxy holder will                                                            N/A 
  cease to hold 
  voting rights: 
-----------------------------------------------------------------------------  ------------------------------------- 
 
                                                                                    Notification using the total 
  13. Additional information:                                                    voting rights figure of 124,638,362 
-----------------------------------------------------------------------------  ------------------------------------- 
 14. Contact name:                                                                     Victoria Davies (LGIM) 
-----------------------------------------------------------------------------  ------------------------------------- 
 15. Contact telephone number:                                                             029 2035 4147 
-----------------------------------------------------------------------------  ------------------------------------- 
 
 

-Ends-

 
 For further information please 
  contact: 
                                            + 44 (0) 20 
   ImmuPharma plc (www.immupharma.org)       7152 4080 
   Tim McCarthy, Chairman 
   Lisa Baderoon, Head of Investor 
    Relations                             + 44 (0) 7721 
    Twitter: @immupharma                   413496 
 
    Panmure, Gordon & Co., (NOMAD            +44 (0) 20 
    & Broker)                                7886 2500 
   Freddy Crossley, Duncan Monteith, 
    Corporate Finance 
    Charles Leigh-Pemberton, Corporate 
    Broking 
 
 
    Northland Capital Partners Limited 
    (Joint Broker) 
    Patrick Claridge, David Hignell, 
    Corporate Finance 
    Rob Rees, John Howes, Corporate        +44 (0)20 3861 
    Broking                                     6625 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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