TIDMLSL

RNS Number : 0504K

LSL Property Services

08 July 2011

 
 
 
 
  TR-1: NOTIFICATION OF MAJOR INTEREST IN 
   SHARES(i) 
  ------------------------------------------------ 
------------------------------------------------------------------------------ 
 
 1. Identity of the issuer or the underlying       LSL Property Services plc 
  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      Sheffield Asset Management, L.L.C. 
  to the 
  notification obligation: (iii) 
-------------------------------------  --------------------------------------- 
 4. Full name of shareholder(s)         Sheffield Partners, L.P. 
  (if different from 3.):(iv)            Sheffield Institutional Partners, 
                                         L.P. 
                                         Sheffield International Partners 
                                         Master, Ltd. 
-------------------------------------  --------------------------------------- 
 5. Date of the transaction and date    6 July 2011 
  on 
  which the threshold is crossed or 
  reached: (v) 
-------------------------------------  --------------------------------------- 
 6. Date on which issuer notified:      7 July 2011 
-------------------------------------  --------------------------------------- 
 7. Threshold(s) that is/are crossed    Passed the 3% threshold 
  or 
  reached: (vi, vii) 
-------------------------------------  --------------------------------------- 
 
 
 
 8. Notified details: 
------------------------------------------------------------------------------------------------------------------------------ 
 A: Voting rights attached to shares (viii, ix) 
------------------------------------------------------------------------------------------------------------------------------ 
 Class/type          Situation previous                      Resulting situation after the triggering 
  of                  to the triggering                       transaction 
  shares              transaction 
  if possible 
  using 
  the ISIN CODE 
------------------  --------------------------------------  ------------------------------------------------------------------ 
                     Number           Number                 Number     Number of voting                % of voting 
                      of               of                    of          rights                          rights (x) 
                      Shares           Voting                shares 
                                       Rights 
------------------  ---------------  ---------------------  ---------  ------------------------------  ----------------------- 
                                                             Direct     Direct (xi)        Indirect     Direct        Indirect 
                                                                                            (xii) 
------------------      ----  -----    ------  -----  ----  ---------  -----------------  -----------  ------------  --------- 
 Ordinary Shares     3,485,331        same                   Below 3%   Below 3%           N/A          Below         N/A 
 ISIN:GB00B1G5HX72                                                                                       3% 
                    ---------------  ---------------------  ---------  -----------------  -----------  ------------  --------- 
 
 B: Qualifying Financial Instruments 
------------------------------------------------------------------------------------------------------------------------------ 
 Resulting situation after the triggering transaction 
------------------------------------------------------------------------------------------------------------------------------ 
 Type of financial             Expiration       Exercise/                         Number of voting             % of voting 
  instrument                    date (xiii)      Conversion Period                 rights that may              rights 
                                                 (xiv)                             be 
                                                                                   acquired if the 
                                                                                   instrument is 
                                                                                   exercised/ converted. 
----------------------------  ---------------  --------------------------------  ---------------------------  ---------------- 
 N/A                           N/A              N/A                               N/A                          N/A 
----------------------------  ---------------  --------------------------------  ---------------------------  ---------------- 
 
 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 (xvii)    Conversion       rights instrument          rights (xix, 
                                                        period           refers to                  xx) 
                                                        (xviii) 
----------------------  -------------  -------------  ---------------  -------------------------  ---------------------------- 
 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 
-------------------------------------------------------------------  --------------------------------------------------------- 
 Below 3%                                                             Below 3% 
-------------------------------------------------------------------  --------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the voting rights 
  and/or the 
  financial instruments are effectively held, if applicable: (xxi) 
--------------------------------------------------------------------------- 
 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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