Holding(s) in Company (1218B)

TIDMLSL
RNS Number : 1218B
LSL Property Services
11 February 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                              No 
 instruments with similar economic effect 
 to qualifying financial instruments 
-----------------------------------------  ------------------------------------ 
 An event changing the breakdown of                         No 
 voting rights 
-----------------------------------------  ------------------------------------ 
 Other (please                                              No 
  specify): 
------------------------------------  ---  ------------------------------------ 
 3. Full name of person(s) subject     International Value Advisers, LLC, an 
  to the                               investment adviser registered with the 
  notification obligation:             US Securities and Exchange Commission. 
------------------------------------  ----------------------------------------- 
 4. Full name of shareholder(s)        See section 9. 
 (if different from 3.): 
------------------------------------  ----------------------------------------- 
 5. Date of the transaction and date   7 February 2011 
  on 
  which the threshold is crossed or 
  reached: 
------------------------------------  ----------------------------------------- 
 6. Date on which issuer notified:     11 February 2011 
------------------------------------  ----------------------------------------- 
 7. Threshold(s) that is/are crossed   Below 12% 
  or 
  reached: 
------------------------------------  ----------------------------------------- 
 
 
 
 8. Notified details: 
----------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares 
----------------------------------------------------------------------------------------------------------------- 
 Class/type 
 of shares if 
 possible       Situation previous 
 using the       to the triggering                Resulting situation after the triggering 
 ISIN CODE       transaction                       transaction 
-------------  --------------------------------  ---------------------------------------------------------------- 
                                 Number 
                Number            of 
                 of               Voting          Number         Number of voting 
                 Shares           Rights           of shares      rights                 % of voting rights 
-------------  ---------------  ---------------  -------------  ----------------------  ------------------------- 
                                                  Direct         Direct     Indirect     Direct        Indirect 
-------------      -----------    -----------    -------------  ---------  -----------  ------------  ----------- 
 GB00B1G5HX72   12,906,297       12,906,297       12,417,376                12,417,376                 11.922% 
               ---------------  ---------------  -------------  ---------  -----------  ------------  ----------- 
 
 
 B: Qualifying Financial Instruments 
----------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
----------------------------------------------------------------------------------------------------------------- 
                                                                   Number of voting 
                                                                    rights that may 
                                                                    be 
 Type of                                                            acquired if the 
 financial          Expiration     Exercise/                        instrument is            % of voting 
 instrument          date           Conversion Period               exercised/ converted.     rights 
-----------------  -------------  ------------------------------  ------------------------  --------------------- 
 
 
 C: Financial Instruments with similar economic effect to Qualifying Financial 
  Instruments 
----------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
----------------------------------------------------------------------------------------------------------------- 
 Type of                                        Exercise/        Number of voting 
 financial        Exercise       Expiration     Conversion        rights instrument 
 instrument        price         date           period            refers to                % of voting rights 
---------------  -------------  -------------  ---------------  ------------------------  ----------------------- 
                                                                                           Nominal       Delta 
---------------  -------------  -------------  ---------------  ------------------------  ------------  --------- 
 
 
 Total (A+B+C) 
----------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                            Percentage of voting rights 
-------------------------------------------------  -------------------------------------------------------------- 
 12,417,376                                         11.922% 
-------------------------------------------------  -------------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the 
  financial instruments are effectively held, if applicable: 
---------------------------------------------------------------------------- 
          International Value Advisers, LLC ("IVA") is an investment adviser 
  registered with the U.S. Securities and Exchange Commission under the U.S. 
   Investment Advisers Act of 1940. As such, pursuant to advisory contracts, 
  IVA has the power to purchase and sell securities on behalf of its clients 
 and the power to vote for most clients. Persons other than IVA are entitled 
 to receive all dividends from, and proceeds from the sale of all securities 
                                                         reported hereunder. 
 
 Proxy Voting: 
---------------------------------------------------------------------------- 
 10. Name of the proxy holder: 
---------------------------------------------------------  ----------------- 
 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: 
---------------------------------------------------------  ----------------- 
 14. Contact name:                                          Shanda Scibilia 
---------------------------------------------------------  ----------------- 
 15. Contact telephone number:                              +1-212 -584-3580 
---------------------------------------------------------  -----------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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