ImmuPharma PLC (LSE:IMM), the specialist drug discovery and development company, has told DirectorsTalk 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)
