Wednesday 17 March, 2010
Parity Group PLC
Holding(s) in Company
RNS Number : 7586I Parity Group PLC 17 March 2010
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TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
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1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:
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Parity Group PLC
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2 Reason for the notification (please tick the appropriate box or boxes):
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An acquisition or disposal of voting rights
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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):
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Yes, transfer of voting rights
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3. Full name of person(s) subject to the notification obligation:
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Aberforth Partners LLP
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4. Full name of shareholder(s) (if different from 3.):
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Shareholder
1. Aberforth Smaller Companies Trust plc
2. Aberforth UK Small Companies Fund
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Shares
3,479,857
3,299,925
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All shares are registered in the name of Nortrust Nominees Ltd A/C Aberfrth
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5. Date of the transaction and date on which the threshold is crossed or reached:
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15/03/2010
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6. Date on which issuer notified:
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Received by Issuer 16/03/2010
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7. Threshold(s) that is/are crossed or reached:
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18%
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8. Notified details:
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A: Voting rights attached to shares
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Class/type of
shares
if possible using the ISIN CODE
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Situation previous
to the triggering
transaction
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Resulting situation after the triggering transaction
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Number
of
Shares
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Number
of
Voting
Rights
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Number
of shares
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Number of voting
rights
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% of voting rights
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Direct
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Direct
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Indirect
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Direct
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Indirect
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Ordinary
GB00B1235860
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7,709,118
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7,709,118
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6,779,782
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n/a
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6,779,782
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n/a
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17.83
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B: Qualifying Financial Instruments
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Resulting situation after the triggering transaction
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Type of financial
instrument
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Expiration
date
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Exercise/
Conversion
Period
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Number of voting
rights that may be
acquired if the
instrument is
exercised/ converted.
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% of voting
rights
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C: Financial Instruments with similar economic effect to Qualifying Financial Instruments
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Resulting situation after the triggering transaction
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Type of financial
instrument
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Exercise
price
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Expiration
date
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Exercise/
Conversion
period
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Number of voting
rights instrument
refers to
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% of voting rights
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Total (A+B+C)
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Number of voting rights
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Percentage of voting rights
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6,779,782
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17.83
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9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:
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Held by Aberforth Partners LLP
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Proxy Voting:
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10. Name of the proxy holder:
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11. Number of voting rights proxy holder will cease to hold:
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12. Date on which proxy holder will cease to hold voting rights:
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13. Additional information:
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The voting rights attached to shares beneficially held by The Church Commissioners for England ("Church") were transferred to Church with effect from today, 15 March 2010. Aberforth Partners LLP continue to manage funds for the Church on a discretionary basis.
In addition, Aberforth Partners LLP is interested in a further 1,871,737 shares although it does not have access to the voting rights of these shares. Aberforth Partners LLP is, therefore, interested in a total of 8,651,519 shares of Parity Group PLC. This interest arises as a result of the discretionary investment management powers that it can exercise over the funds of its clients. Aberforth Partners LLP is not the beneficial owner of these shares.
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14. Contact name:
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Pauline Robson, Aberforth Partners LLP
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15. Contact telephone number:
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0131 220 0733
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This information is provided by RNS
The company news service from the London Stock Exchange END HOLZMGMFNNKGGZM
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