TIDMPRX

RNS Number : 7012F

Proximagen Group PLC

19 June 2012

 
 
 
 
  TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
------------------------------------------------------------------------------------------ 
 
 
 1. Identity of the issuer or the underlying                  Proximagen Group PLC 
  issuer                                                          Sedol B06FMX5 
  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 
---------------------------------------------------------------------------------  ------- 
 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 (see Section 
  13) 
---------------------------------------------------------------------------------  ------- 
 Other (please 
  specify): 
------------------  -------------------------------------------------------------  ------- 
 3. Full name of person(s) subject           (1)Lansdowne Partners Limited (the 
  to the                                      "Firm") being the General Partner of 
  notification obligation: (iii)              Lansdowne Partners Limited Partnership 
                                              (2)Lansdowne Partners International 
                                              Limited 
------------------------------------------  ---------------------------------------------- 
 4. Full name of shareholder(s)               HSBC Client Holdings UK Ltd 
  (if different from 3.):(iv)                  (Registered Shareholder) 
------------------------------------------  ---------------------------------------------- 
 5. Date of the transaction and date                           04/10/11 
  on 
   which the threshold is crossed                        (please see Section 13) 
   or 
   reached: (v) 
------------------------------------------  ---------------------------------------------- 
 6. Date on which issuer notified:                             18/06/12 
------------------------------------------  ---------------------------------------------- 
 7. Threshold(s) that is/are crossed                           24%, 25% 
  or 
   reached: (vi, vii)                                   (please see Section 13) 
------------------------------------------  ---------------------------------------------- 
 
 
 
 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          rights                    (x) 
                 Shares           Voting              shares 
                                  Rights 
-------------  ---------------  -------------------  ---------  ------------------------  ------------------------------- 
                                                      Direct     Direct       Indirect     Direct          Indirect 
                                                                  (xi)         (xii) 
-------------    ----  -------  ------  -----  ----  ---------  -----------  -----------  --------------  --------------- 
   Ordinary 
    Shares      14,849,580       25.92%                                       14,849,580                   23.53% 
               ---------------  -------------------  ---------  -----------  -----------  --------------  --------------- 
 GB00B06FMX57 
-------------    ----  -------  ------  -----  ----  -------    ---  ------  -----------  ---      -----     ------------ 
 
 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 
------------------------------------------------------------  ----------------------------------------------------------- 
 14,849,580                                                    23.53% 
------------------------------------------------------------  ----------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the 
  financial instruments are effectively held, if applicable: (xxi) 
---------------------------------------------------------------------------------------- 
                   Lansdowne Partners International Limited is the parent undertaking of 
                                                             Lansdowne Partners Limited. 
 
 Proxy Voting: 
---------------------------------------------------------------------------------------- 
 10. Name of the proxy holder:                             Lansdowne Partners Limited 
-----------------------------------------------------  --------------------------------- 
 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:               Based on ordinary shares in issue 
                                            of 63,119,601. 
                                            This notification is not the result 
                                            of any trading in shares but is to 
                                            update a prior notification in light 
                                            of an issuance of shares by Proximagen 
                                            Group Plc (the "Company") that occurred 
                                            on 4 October 2011. This issuance increased 
                                            the Company's total number of shares 
                                            to 63,119,601 and consequently reduced 
                                            the Firm's indirect interest below 
                                            25% and 24%. The delay in notification 
                                            is due to the fact that the Company's 
                                            revised total number of shares was 
                                            only reflected in the information 
                                            provided by our data providers, and 
                                            hence our monitoring systems, on 14 
                                            June 2012. 
----------------------------------------  ---------------------------------------------- 
 14. Contact name:                         Kamran Salahuddin 
----------------------------------------  ---------------------------------------------- 
 15. Contact telephone number:             +44 20 7290 5500 
----------------------------------------  ---------------------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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