REG - LSL Property Svcs. - Holding(s) in Company

LSL Property ServicesAnnouncement

03/07/2020 07:02

RNS Number : 9205R
  
LSL Property Services PLC
  
02 July 2020
  
 

 



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: ii


LSL PROPERTY SERVICES 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








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 to the

notification obligation: iii


RUSSELL INVESTMENTS GROUP, LTD




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


STATE STREET BANK & TRUST CO. (as custodian) 




5. Date of the transaction and date on

which the threshold is crossed or

reached: v


1 November 2019 (please see additional information below)




6. Date on which issuer notified:


2 July 2020




7. Threshold(s) that is/are crossed or

reached: vi, vii


Holding has decreased to 0.95%














 



8. Notified details:




A: Voting rights attached to shares viii, ix




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 x




Direct


Direct xi


Indirect xii


Direct


Indirect








 
 
See additional information below


 
 
See additional information below


 
 
0


 
 
0


 
 
993,270


 
 
0


 
 
0.95%




GB00B1G5HX72










B: Qualifying Financial Instruments




Resulting situation after the triggering transaction




Type of financial

instrument


Expiration

date xiii


Exercise/

Conversion Period xiv


Number of voting

rights that may be

acquired if the

instrument is

exercised/ converted.


% of voting

rights




N/A


























C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi




Resulting situation after the triggering transaction




Type of financial

instrument


Exercise price


Expiration date xvii


Exercise/

Conversion period xviii


Number of voting rights instrument refers to
 


% of voting rights xix, xx
 




N/A














 
 


Nominal


Delta




















Total (A+B+C)




Number of voting rights


Percentage of voting rights




993,270


0.95%




9. Chain of controlled undertakings through which the voting rights and/or the

financial instruments are effectively held, if applicable: xxi




 
RUSSELL INVESTMENTS GROUP, LTD










Proxy Voting:




10. Name of the proxy holder:


Glass Lewis & Co




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:




The shares in section 8 of this disclosure are common stock to which voting rights are attached and are held in portfolios and funds managed on a discretionary basis by entities within Russell Investments Group, Ltd. 
 
Following the disclosure made on 21 May 2018, subsequent disclosures were inadvertently not made when the shares held either fell below or exceeded the reporting threshold of 5%: 
 
1 November 2019 (fell below):
Number of voting rights: 4,455,222; Percentage of voting rights: 4.28%
 
22 November 2019 (exceed):
Number of voting rights: 6,136,280; Percentage of voting rights: 5.89% 
 
13 April 2020 (fell below)
Number of voting rights: 2,976,087; Percentage of voting rights: 2.86%
 
This oversight was due to human error.  Procedures and processes have now been put in place to ensure that this oversight will not occur again
 




14. Contact name:


Mark Smith, Director, EMEA Compliance




15. Contact telephone number:


+44 20 7024 6384























 


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