TIDMLSL

RNS Number : 7767F

LSL Property Services

03 May 2011

 
 
 
 
  TR-1: NOTIFICATION OF MAJOR INTEREST IN 
   SHARES(i) 
  ------------------------------------------------ 
------------------------------------------------------------------------------ 
 
 1. Identity of the issuer or the                    LSL PROPERTY SERVICES PLC 
 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                             Yes 
---------------------------------------------------------------------  ------- 
 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 
---------------------------------------------------------------------  ------- 
 An acquisition or disposal of instruments with similar economic          No 
  effect to qualifying financial instruments 
---------------------------------------------------------------------  ------- 
 An event changing the breakdown of voting rights                         No 
---------------------------------------------------------------------  ------- 
 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) 
----------------------------------  ------------------------------------------ 
 5. Date of the transaction and      26 April 2011 
 date on which the threshold is 
 crossed or reached: (v) 
----------------------------------  ------------------------------------------ 
 6. Date on which issuer notified:   28 April 2011 
----------------------------------  ------------------------------------------ 
 7. Threshold(s) that is/are         Below 3% 
 crossed or reached: (vi, vii) 
----------------------------------  ------------------------------------------ 
 
 
 
 8. Notified details: 
---------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares (viii, ix) 
---------------------------------------------------------------------------------------------------------------------- 
 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   3,498,715       3,498,715           2,191,260                 2,191,260                  2.104% 
               --------------  ------------------  ------------  ----------  ----------  -------------  -------------- 
 
 
 B: Qualifying Financial Instruments 
---------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------- 
                                                                      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) 
---------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------- 
                                               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) 
---------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                        Percentage of voting rights 
-------------------------------------------------------------  ------------------------------------------------------- 
 2,191,260                                                      2.104% 
-------------------------------------------------------------  ------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the 
  financial instruments are effectively held, if applicable: (xxi) 
------------------------------------------------------------------------------ 
 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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