Holding(s) in Company (2361D)

TIDMLSL
RNS Number : 2361D
LSL Property Services
18 March 2011
 
 
 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
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 1. Identity of the issuer or the                    LSL PROPERTY SERVICES PLC 
 underlying issuer of existing shares to 
 which voting rights are attached: (ii) 
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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                             Yes 
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 An acquisition or disposal of qualifying financial instruments           No 
  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          No 
  effect to qualifying financial instruments 
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 An event changing the breakdown of voting rights                         No 
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 Other (please                                                            No 
  specify): 
--------------  -----------------------------------------------------  ------- 
 3. Full name of person(s) subject   International Value Advisers, LLC, an 
  to the                             investment adviser registered with the US 
  notification obligation: (iii)     Securities and Exchange Commission. 
----------------------------------  ------------------------------------------ 
 4. Full name of shareholder(s)      See section 9. 
  (if different from 3.):(iv) 
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 5. Date of the transaction and      16 March 2011 
 date on which the threshold is 
 crossed or reached: (v) 
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 6. Date on which issuer notified:   18 March 2011 
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 7. Threshold(s) that is/are         Below 10% 
 crossed or reached: (vi, vii) 
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 8. Notified details: 
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 A: Voting rights attached to shares (viii, ix) 
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 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        % of voting rights 
                 Shares           Rights              of shares      rights                  (x) 
-------------  ---------------  ------------------  -------------  ----------------------  ---------------------------- 
                                                                    Direct     Indirect 
                                                     Direct          (xi)       (xii)       Direct         Indirect 
-------------    ----  -------  ------  -----  ---  -------------  ---------  -----------  -------------  ------------- 
 GB00B1G5HX72   11,313,375       11,313,375          10,137,425                10,137,425                  9.733% 
               ---------------  ------------------  -------------  ---------  -----------  -------------  ------------- 
 
 
 B: Qualifying Financial Instruments 
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 Resulting situation after the triggering transaction 
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                                                                        Number of voting 
                                                                         rights that may 
                                                                         be 
                                         Exercise/                       acquired if the 
 Type of financial      Expiration        Conversion Period              instrument is               % of voting 
  instrument             date (xiii)      (xiv)                          exercised/ converted.        rights 
---------------------  ---------------  -----------------------------  ---------------------------  ------------------- 
 
 
 C: Financial Instruments with similar economic effect to Qualifying Financial 
  Instruments (xv, xvi) 
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 Resulting situation after the triggering transaction 
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                                                Exercise/ 
 Type of                                         Conversion         Number of voting 
 financial        Exercise       Expiration      period              rights instrument          % of voting rights 
 instrument        price          date (xvii)    (xviii)             refers to                   (xix, xx) 
---------------  -------------  -------------  ------------------  --------------------------  ------------------------ 
                                                                                                Nominal       Delta 
---------------  -------------  -------------  ------------------  --------------------------  ------------  ---------- 
 
 
 Total (A+B+C) 
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 Number of voting rights                                          Percentage of voting rights 
---------------------------------------------------------------  ------------------------------------------------------ 
 10,137,425                                                       9.733% 
---------------------------------------------------------------  ------------------------------------------------------ 
 
 
 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the 
  financial instruments are effectively held, if applicable: (xxi) 
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 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: 
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 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: 
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 14. Contact name:                      Shanda Scibilia 
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 15. Contact telephone number:          +1-212 -584-3580 
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This information is provided by RNS
The company news service from the London Stock Exchange
END
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