Holding(s) in Company
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES | ||||
1. Identity of the issuer or the underlying issuer | 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 | RUSSELL INVESTMENTS GROUP, LTD | |||
4. Full name of shareholder(s) | STATE STREET BANK & TRUST CO. (as custodian) | |||
5. Date of the transaction and date on | 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 | Holding has decreased to 0.95% | |||
8. Notified details: | |||||||||||||||||
A: Voting rights attached to shares viii, ix | |||||||||||||||||
Class/type of
| Situation previous | Resulting situation after the triggering transaction | |||||||||||||||
Number | Number | Number | Number of voting | % 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 | Expiration | Exercise/ | Number of voting | % of voting | |||||||||||||
N/A | |||||||||||||||||
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi | |||||||||||||||||
Resulting situation after the triggering transaction | |||||||||||||||||
Type of financial | Exercise price | Expiration date xvii | Exercise/ | 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 | |||||||||||||||||
RUSSELL INVESTMENTS GROUP, LTD | |||||||||||||||||
Proxy Voting: | |||||||||||||||||
10. Name of the proxy holder: | Glass Lewis & Co | ||||||||||||||||
11. Number of voting rights proxy holder will cease | |||||||||||||||||
12. Date on which proxy holder will cease to hold | |||||||||||||||||
|
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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