TIDMLSL

RNS Number : 9781Y

LSL Property Services

05 January 2011

 
 
 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES 
------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or the               LSL Property Services plc 
 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                       YES 
 rights 
------------------------------------------  ----------------------------------- 
 An acquisition or disposal of qualifying                    NO 
 financial instruments which may result in 
 the acquisition of shares already issued 
 to which voting rights are attached 
------------------------------------------  ----------------------------------- 
 An acquisition or disposal of instruments                   NO 
 with similar economic effect to 
 qualifying financial instruments 
------------------------------------------  ----------------------------------- 
 An event changing the breakdown of voting                   NO 
 rights 
------------------------------------------  ----------------------------------- 
 Other (please                                               NO 
  specify): 
-------------------------------------  ---  ----------------------------------- 
 3. Full name of person(s) subject      Sheffield Asset Management, L.L.C. 
  to the 
  notification obligation: 
-------------------------------------  ---------------------------------------- 
 4. Full name of shareholder(s)         Sheffield Partners, L.P. 
 (if different from 3.):                 Sheffield Institutional Partners, 
                                         L.P. 
                                         Sheffield International Partners 
                                         Master, Ltd. 
-------------------------------------  ---------------------------------------- 
 5. Date of the transaction and date    4 January 2011 
  on 
  which the threshold is crossed or 
  reached: 
-------------------------------------  ---------------------------------------- 
 6. Date on which issuer notified:      5 January 2011 
-------------------------------------  ---------------------------------------- 
 7. Threshold(s) that is/are crossed    Passed the 6% threshold 
  or 
  reached: 
-------------------------------------  ---------------------------------------- 
 
 
 
 8. Notified details: 
------------------------------------------------------------------------------------------------------------------------------------ 
 A: Voting rights attached to shares 
------------------------------------------------------------------------------------------------------------------------------------ 
 Class/type 
  of 
  shares 
  if possible        Situation previous 
  using               to the triggering                              Resulting situation after the triggering 
  the ISIN CODE       transaction                                     transaction 
------------------  ----------------------------------------------  ---------------------------------------------------------------- 
                                      Number 
                     Number           of 
                      of              Voting                         Number of     Number of voting            % of voting 
                      Shares          Rights                         shares         rights                      rights 
------------------  ---------------  -----------------------------  ------------  --------------------------  ---------------------- 
                                                                     Direct        Direct         Indirect     Direct       Indirect 
------------------      -----------      -----------  ------------  ------------  -------------  -----------  -----------  --------- 
 Ordinary Shares 
 ISIN:GB00B1G5HX72   6,700,620        same                           5,898,331     same           N/A          5.66%        N/A 
                    ---------------  -----------------------------  ------------  -------------  -----------  -----------  --------- 
 
 B: Qualifying Financial Instruments 
------------------------------------------------------------------------------------------------------------------------------------ 
 Resulting situation after the triggering transaction 
------------------------------------------------------------------------------------------------------------------------------------ 
                                                                                     Number of voting 
                                                                                      rights that may 
                                                                                      be 
                                                                                      acquired if the 
 Type of financial       Expiration       Exercise/                                   instrument is              % of voting 
  instrument              date             Conversion Period                          exercised/ converted.       rights 
----------------------  ---------------  -----------------------------------------  --------------------------  -------------------- 
 N/A                     N/A              N/A                                        N/A                         N/A 
----------------------  ---------------  -----------------------------------------  --------------------------  -------------------- 
 
 C: Financial Instruments with similar economic effect to Qualifying 
  Financial Instruments 
------------------------------------------------------------------------------------------------------------------------------------ 
 Resulting situation after the triggering transaction 
------------------------------------------------------------------------------------------------------------------------------------ 
                                                                                   Number of 
                                                       Exercise/                   voting rights 
 Type of financial     Exercise         Expiration      Conversion                 instrument       % of voting 
  instrument            price           date            period                     refers to         rights 
--------------------  ---------------  -------------  --------------------------  ---------------  --------------------------------- 
 N/A                   N/A              N/A            N/A                         N/A              N/A            N/A 
--------------------  ---------------  -------------  --------------------------  ---------------  -------------  ------------------ 
 
 Total (A+B+C) 
------------------------------------------------------------------------------------------------------------------------------------ 
 Number of voting rights                                               Percentage of voting rights 
--------------------------------------------------------------------  -------------------------------------------------------------- 
 5,898,331                                                             5.66% 
--------------------------------------------------------------------  -------------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the voting rights 
  and/or the 
  financial instruments are effectively held, if applicable: 
--------------------------------------------------------------------------- 
 Sheffield Asset Management, L.L.C. exercises voting rights on behalf 
  of: 
  Sheffield Partners, L.P. 
  Sheffield Institutional Partners, L.P. 
  Sheffield International Partners Master Ltd. 
 
 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: 
-------------------------------------  ------------------------------------ 
                                        Amy Rosenow 
                                         Chief Operating Officer 
 14. Contact name:                       Sheffield Asset Management, L.L.C. 
-------------------------------------  ------------------------------------ 
 15. Contact telephone number:          +1 312 506 6403 
-------------------------------------  ------------------------------------ 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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