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TR-1: Notification of Major Interest in Shares

Financial Services Authority
 

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

 

 

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii

PayPoint plc

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

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

Legal & General Group Plc (Group)
Legal & General Investment Management Limited (LGIM)
Legal & General Group Plc (L&G)

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

N/A

5. Date of the transaction and date on which the threshold is crossed or reached: v

22 December 2009

6. Date on which issuer notified:

23 December 2009

7. Threshold(s) that is/are crossed or reached: vi, vii

Group (Above 5%)
L&G (From 3% to 4%),
LGIM (Above 5%)

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 xi

Indirect xii

Direct

Indirect

ORD

GBP 0.0033

2,698,251

(As on 1/12/09)

Below 5%

(As on 01/12/2009)

2,698,251

(As on 1/12/09)
 

Below 5%

(As on 01/12/2009)

3,380,338

2,895,451

484,887

4.279%

0.717%

 

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

 

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

 

CFD

N/A

N/A

N/A

 

75,000

Nominal

Delta

0.11%

0.11%

 

Total (A+B+C)

Number of voting rights

Percentage of voting rights

2,895,451

4.27%

3,455,338

5.10%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi

Legal & General Group Plc (Direct and Indirect) (Group)

Legal & General Investment Management (Holdings) Limited (LGIMH) (Direct and Indirect)

Legal & General Investment Management Limited (Indirect) (LGIM)

Legal & General Group Plc (Direct) (L&G) (2,698,251 –3.98 % = LGAS, LGPL & PMC)

Legal & General Investment Management (Holdings) Limited

(Direct) (LGIMHD)

Legal & General Insurance Holdings Limited (Direct)

(LGIH)

Legal & General Assurance (Pensions Management) Limited

(PMC)

Legal & General Assurance Society Limited (LGAS &

LGPL)

Legal & General Pensions Limited (Direct) (LGPL)

 

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
67,673,189

14. Contact name:

Helen Lewis (LGIM)

15. Contact telephone number:

020 3124 3851