TIDMIMM TIDMAV.

RNS Number : 3027G

Immupharma PLC

05 June 2013

 
 FOR IMMEDIATE RELEASE   5 JUNE 2013 
 

NOTIFICATION OF AVIVA'S MAJOR INTEREST IN SHARES

ImmuPharma PLC (LSE:IMM), ("ImmuPharma" or the "Company"), the specialist drug discovery and development company, is pleased to confirm that its long standing shareholder Aviva plc ("Aviva") and its subsidiaries has notified the Company that it has recently increased its shareholding in ImmuPharma Ordinary Shares to 4,388,986 representing a 5.38% shareholding in the Company.

The full TR1 form is shown at the end of this announcement.

Commenting on the announcement, Richard Warr, Chairman said: "We are pleased to record that Aviva has again demonstrated its support for ImmuPharma, its assets and long term investment profile."

For further information please see the Group's web site, www.immupharma.com, or contact:

 
 ImmuPharma PLC (www.immupharma.com) 
 
 Richard Warr, Chairman                 +44 20 7152 4080 
 Dimitri Dimitriou, Chief Executive 
  Officer                               +44 20 7152 4080 
 Lisa Baderoon, Head of Investor        +44 7721 413 
  Relations                              496 
 
 
 Panmure Gordon                         +44 20 7886 2500 
 Hugh Morgan, Fred Walsh, Hannah 
  Woodley 
 

Notes to Editors

ImmuPharma

ImmuPharma is focusing on developing novel medicines with high sales potential in specialist markets with serious unmet need. ImmuPharma has five drug candidates in development, two platform technologies and approximately 70 patents. The Company's most advanced drug candidate, Lupuzor(TM) a potential blockbuster drug for Lupus, a chronic autoimmune disease has recently received the approval from the US FDA to enter phase III with a Special Protocol Assessment and "Fast Track" designation. The Company's second potential blockbuster compound in cancer "IPP-204106" is completing a new Phase I/ II clinical trial with the next generation of "polyplexed Nucant". ImmuPharma was founded and is led by a commercially focused Board and management team with extensive experience.

Recently ImmuPharma announced that it had secured a GBP50 million, five year Equity Financing Facility ("EFF") with Darwin Strategic Limited ("Darwin"), a majority owned subsidiary of Henderson Global Investors' Volantis Capital ("Henderson Volantis") to fund ImmuPharma's late stage Lupuzor compound.

For more information on ImmuPharma please go to: www.immupharma.com.

 
 For filings with the FSA include 
  the annex 
 For filings with issuer exclude 
  the annex 
 
 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: (ii) 
--------------------------------------------------------------  ------------------------------------------ 
 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)                                     Aviva plc & its subsidiaries 
  subject to the 
  notification obligation: 
  (iii) 
------------------------------------------------------------  -------------------------------------------- 
 4. Full name of shareholder(s)                                     Registered Holder: 
  (if different from 3.):(iv) 
                                                                    BNY Norwich Union Nominees 
                                                                    Limited 352,153* 
 
                                                                    Chase (GA Group) Nominees 
                                                                    Limited 2,792,276* 
 
                                                                    Chase Nominees Limited 233,259* 
 
                                                                    *denotes direct interest 
 
                                                                    Chase (GA Group) Nominees 
                                                                    Limited 351,098 
 
                                                                    Chase Nominees Limited 253,918 
 
                                                                    Vidacos Nominees Limited 406,282 
------------------------------------------------------------  -------------------------------------------- 
 5. Date of the transaction                                    31 May 2013 
  and date on 
  which the threshold is crossed 
  or 
  reached: (v) 
------------------------------------------------------------  -------------------------------------------- 
 6. Date on which issuer notified:                             03 June 2013 
------------------------------------------------------------  -------------------------------------------- 
 7. Threshold(s) that is/are                                   3% to 4% change at Direct 
  crossed or                                                    Interest Level and 
  reached: (vi, vii)                                            <5% to 5% change at Combined 
                                                                Interest Level 
------------------------------------------------------------  -------------------------------------------- 
 
 
 
 8. Notified details: 
-------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares (viii, ix) 
-------------------------------------------------------------------------------------------------------------- 
 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         Number of                % of voting 
                      of                  of          of shares      voting                   rights (x) 
                      Shares              Voting                     rights 
                                          Rights 
------------------  ------------------  ----------  -------------  -----------------------  ------------------ 
                                                     Direct         Direct      Indirect     Direct   Indirect 
                                                                     (xi)        (xii) 
------------------  ------------------  ----------  -------------  ----------  -----------  -------  --------- 
 
   Ordinary 
   Shares 
 
   GB0033711010          2,471,621       2,471,621   4,388,986      3,377,688                4.14%     1.24% 
                    ------------------  ----------  -------------  ----------  -----------  -------  --------- 
                                                                                1,011,298 
------------------  ------------------  ----------  -------------  ----------  -----------  -------  --------- 
 
 B: Qualifying Financial Instruments 
-------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
-------------------------------------------------------------------------------------------------------------- 
 Type of financial   Expiration          Exercise/                  Number of voting         % of voting 
  instrument          date                Conversion                 rights that              rights 
                      (xiii)              Period (xiv)               may be 
                                                                     acquired if 
                                                                     the 
                                                                     instrument 
                                                                     is 
                                                                     exercised/ 
                                                                     converted. 
------------------  ------------------  -------------------------  -----------------------  ------------------ 
 
 
 
 
 C: Financial Instruments with similar economic effect 
  to Qualifying Financial Instruments (xv, xvi) 
----------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
----------------------------------------------------------------------------------------------- 
 Type of financial   Exercise   Expiration   Exercise/     Number of voting     % of voting 
  instrument          price      date         Conversion    rights instrument    rights (xix, 
                                 (xvii)       period        refers to            xx) 
                                              (xviii) 
------------------  ---------  -----------  ------------  -------------------  ---------------- 
                                                                                Nominal   Delta 
------------------  ---------  -----------  ------------  -------------------  --------  ------ 
 
 
 
 Total (A+B+C) 
------------------------------------------------------ 
 Number of voting rights   Percentage of voting rights 
------------------------  ---------------------------- 
 4,388,986                 5.38% 
------------------------  ---------------------------- 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
---------------------------------------------------------------------------- 
                       The voting rights are managed and controlled by Aviva 
                       Investors Global Services Limited, with the following 
                                          chain of controlled undertakings:- 
 
                                    Aviva Investors Global Services Limited: 
                                             *    Aviva plc (Parent Company) 
 
 
                  *    Aviva Group Holdings Limited (wholly owned subsidiary 
                                                               of Aviva plc) 
 
 
                         *    Aviva Investors Holdings Limited (wholly owned 
                                 subsidiary of Aviva Group Holdings Limited) 
 
 
                  *    Aviva Investors Global Services Limited (wholly owned 
                             subsidiary of Aviva Investors Holdings Limited) 
 
 Proxy Voting: 
---------------------------------------------------------------------------- 
 10. Name of the proxy holder:                  See Section 4 
---------------------------------------------  ----------------------------- 
 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:                    Figures are based the total 
                                                 number of voting rights of 
                                                 81,532,463. 
---------------------------------------------  ----------------------------- 
 14. Contact name:                              Tracy Weimar, ImmuPharma 
                                                 plc 
---------------------------------------------  ----------------------------- 
 15. Contact telephone number:                  020 7152 4080 
---------------------------------------------  ----------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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