10 Aug 2009 11:40
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES |
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: | Parity 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 |
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An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments |
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An event changing the breakdown of voting rights |
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Other (please specify): |
3. Full name of person(s) subject to the notification obligation: | Lloyds Banking Group plc |
4. Full name of shareholder(s) (if different from 3.): | See Section 9 |
5. Date of the transaction and date on which the threshold is crossed or reached: | 6 August 2009 |
6. Date on which issuer notified: | 7 August 2009 |
7. Threshold(s) that is/are crossed or reached: | Direct decrease to below 5% (Direct/Indirect remains above 5%) |
8. Notified details: | |||||||
A: Voting rights attached to shares | |||||||
Class/type of shares if possible using the ISIN CODE | Situation previous to the triggering transaction | Resulting situation after the triggering transaction | |||||
Number of Shares | Number of Voting Rights | Number of shares | Number of voting rights | % of voting rights | |||
Direct | Direct | Indirect | Direct | Indirect | |||
Ord 2p shares | 2,196,727 | 2,196,727 | 1,900,544 | 1,900,544 | 3,840 | 4.999% | 0.010% |
GB00B1235860 |
B: Qualifying Financial Instruments | ||||
Resulting situation after the triggering transaction | ||||
Type of financial instrument | Expiration date | Exercise/ Conversion Period | Number of voting rights that may be acquired if the instrument is exercised/ converted. | % of voting rights |
N/A |
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C: Financial Instruments with similar economic effect to Qualifying Financial Instruments | ||||||
Resulting situation after the triggering transaction | ||||||
Type of financial instrument | Exercise price | Expiration date | Exercise/ Conversion period | Number of voting rights instrument refers to | % of voting rights | |
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| Nominal | Delta |
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Total (A+B+C) | |
Number of voting rights | Percentage of voting rights |
1,904,384 | 5.009% |
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: |
Clerical Medical Investment Group Limited* ('CMIG') - (Direct) - 1,900,531 (4.999%) Insight Investment Management (Global) Limited* manages holdings on behalf of CMIG and other HBOS subsidiary companies (and other third parties external to the HBOS Group), under various discretionary management agreements. (* - wholly owned subsidiaries of HBOS plc a wholly owned subsidiary of Lloyds Banking Group plc.) |
Proxy Voting: | |
10. Name of the proxy holder: | N/A |
11. Number of voting rights proxy holder will cease to hold: | N/A |
12. Date on which proxy holder will cease to hold voting rights: | N/A |
13. Additional information: | Notification using the total voting rights figure of 38,021,784 |
14. Contact name: | Kenny Melville |
15. Contact telephone number: | 0131 243 8671 |