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Notification of Major Interest in Shares

17 Aug 2012 09:11

RNS Number : 2503K
Immupharma PLC
17 August 2012
 



FOR IMMEDIATE RELEASE

17 AUGUST 2012

 

 

 

 

NOTIFICATION OF MAJOR INTEREST IN SHARES

SHAREHOLDER CHANGE OF CONTROL

 

 

ImmuPharma PLC (LSE:IMM), ("ImmuPharma" or the "Company"), the specialist drug discovery and development company, is pleased to confirm that its long standing shareholder Aviva plc ("Aviva") has recently notified the Company that it has transferred ImmuPharma Ordinary Shares of 2,471,621, representing a 3.03% shareholding in the Company, to Aviva Investors Global Services Limited (UK). This shareholding had formerly been split into two indirect funds, BNY Norwich Union Nominees Limited and Chase (GA Group) Nominees Limited.

 

The full TR1 form is shown at the end of this announcement.

 

Commenting on the announcement, Richard Warr, Chairman said: "We have recently commented that one of the Board's priorities is to maintain and strengthen our blue chip shareholder base which we believe will underpin ImmuPharma's true value in the long term. We are therefore delighted that such a highly regarded institution as Aviva continues to demonstrate its support for ImmuPharma and we look forward to maintaining this long standing relationship with Aviva and to build further value for shareholders in the Company."

 

TR1 FORM

 

For filings with the FSA include the annex

For filings with issuer exclude the annex

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached:

Immupharma plc

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

Other (please specify):

On market transfer between indirect and direct funds

3. Full name of person(s) subject to thenotification obligation:

Aviva plc & its subsidiaries

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

Registered Holder:

 

BNY Norwich Union Nominees Limited 220,000*

 

Chase (GA Group) Nominees Limited 2,251,621*

 

*denotes direct interest

 

 

5. Date of the transaction and date onwhich the threshold is crossed orreached:

14 August 2012

6. Date on which issuer notified:

16 August 2012

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

 

 

 

8. Notified details:

A: Voting rights attached to shares

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights

Direct

Direct

Indirect

Direct

Indirect

 

Ordinary Shares

 

GB0033711010

Not Disclosable

Not Disclosable

2,471,621

2,471,621

 

Not Disclosable

3.03%

Not Disclosable

 

 

 

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate

Exercise/Conversion Period

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

 

 

 

 

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Exercise price

Expiration date

Exercise/Conversion period

Number of voting rights instrument refers to

 

% of voting rights

 

 

 

Nominal

Delta

 

 

Total (A+B+C)

Number of voting rights

Percentage of voting rights

2,471,621

3.03%

 

 

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

The voting rights are managed and controlled by Aviva Investors Global Services Limited, with the following chain of controlled undertakings:-

 

Aviva Investors Global Services Limited:

·; Aviva plc (Parent Company)

·; Aviva Group Holdings Limited (wholly owned subsidiary of Aviva plc)

·; Aviva Investors Holdings Limited (wholly owned subsidiary of Aviva Group Holdings Limited)

·; Aviva Investors Global Services Limited (wholly owned subsidiary of Aviva Investors Holdings Limited)

 

 

Proxy Voting:

10. Name of the proxy holder:

See Section 4

11. Number of voting rights proxy holder will ceaseto hold:

12. Date on which proxy holder will cease to holdvoting rights:

13. Additional information:

14. Contact name:

 Tracy Weimar, Vice President Operations and Company Secretary

15. Contact telephone number:

 020 7152 4080

 

 

 

 

Ends

For further information please contact:

 

ImmuPharma PLC (www.immupharma.com)

Dr Robert Zimmer, President

+33 389 66 13 20

Dimitri Dimitriou, Chief Executive Officer 

+44 20 7152 4080

Richard Warr, Executive Chairman

+ 44 7766 232747

Lisa Baderoon, Head of Investor Relations

+44 7721 413 496

Buchanan

+ 44 20 7466 5000

Mark Court

Panmure Gordon & Co 

+44 20 7459 3600

Andrew Burnett, Fred Walsh

Cenkos Securities

+44 20 7397 8900

Stephen Keys, Camilla Hume (Corporate Finance)

Andy Roberts (Sales)

Espirito Santo Investment Bank

+44 20 7456 9191 

James Bromhead, Richard Crawley

 

 

Notes to Editors

 

ImmuPharma

ImmuPharma is focusing on developing novel medicines with high sales potential in specialist markets with serious unmet need. ImmuPharma has five drug candidates in development, two platform technologies and approximately 70 patents. The Company's most advanced drug candidate, LupuzorTM a potential blockbuster drug for Lupus, a chronic autoimmune disease has recently received the approval from the US FDA to enter phase III with a Special Protocol Assessment and "Fast Track" designation. ImmuPharma was founded and is led by a commercially focused Board and management team with extensive experience. www.immupharma.com

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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