TIDMLSL

RNS Number : 9570T

LSL Property Services

23 July 2015

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES (i) 
 
 
 1. Identity of the issuer or the underlying 
  issuer of existing shares to which voting 
  rights are attached: ii                                                  LSL Property PLC 
----------------------------------------------  --------------------------------------------- 
 2 Reason for the notification (please tick the appropriate box or boxes): 
--------------------------------------------------------------------------------------------- 
 
   An acquisition or disposal of voting rights                                           x 
----------------------------------------------------------------------------------  --------- 
 An acquisition or disposal of qualifying financial instruments 
  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 
  effect to qualifying financial instruments 
----------------------------------------------------------------------------------  --------- 
 
   An event changing the breakdown of voting rights 
----------------------------------------------------------------------------------  --------- 
 Other (please specify): 
----------------------------------------------------------------------------------  --------- 
 
 
   3. Full name of person(s) subject 
   to the notification obligation: iii       SFM UK Management LLP 
----------------------------------------  --------------------------------------------------- 
 
 
    4. Full name of shareholder(s) 
    (if different from 3.):iv                Quantum Partners LP 
----------------------------------------  --------------------------------------------------- 
 5. Date of the transaction and date 
  on                                         July 21st, 2015 
  which the threshold is crossed or 
  reached: v 
----------------------------------------  --------------------------------------------------- 
 
   6. Date on which issuer notified:         July 23rd, 2015 
----------------------------------------  --------------------------------------------------- 
 7. Threshold(s) that is/are crossed 
  or reached: vi, vii                        Crossed 4% 
----------------------------------------  --------------------------------------------------- 
 
 
 
 8. Notified details: 
--------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares viii, ix 
--------------------------------------------------------------------------------------------------------------- 
 Class/type of         Situation previous          Resulting situation after the triggering 
  shares                to the triggering           transaction 
                        transaction 
  if possible using 
  the ISIN CODE 
--------------------  --------------------------  ------------------------------------------------------------- 
                       Number        Number        Number        Number of voting         % of voting rights 
                        of Shares     of Voting     of shares     rights                   x 
                                      Rights 
--------------------  ------------  ------------  ------------  -----------------------  ---------------------- 
                                                                 Direct xi     Indirect 
                                                     Direct                     xii         Direct     Indirect 
--------------------  ------------  ------------  ------------  ------------  ---------  ---------  ----------- 
 
 
   GB00B1G5HX72          4,188,262     4,188,262     3,775,123     3,775,123     0          3.62%       0% 
--------------------  ------------  ------------  ------------  ------------  ---------  ---------  ----------- 
 
 
 
   B: Qualifying Financial Instruments 
------------------------------------------------------------------------------------------------ 
 
   Resulting situation after the triggering transaction 
------------------------------------------------------------------------------------------------ 
 Type of financial   Expiration   Exercise/ Conversion   Number of voting            % of voting 
  instrument          date xiii    Period xiv             rights that may             rights 
                                                          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 rights 
  instrument          price      date xvii    Conversion      rights instrument    xix, 
                                              period xviii    refers to            xx 
------------------  ---------  -----------  --------------  -------------------  --------------------- 
 
                                                                                    Nominal      Delta 
------------------  ---------  -----------  --------------  -------------------  -----------  -------- 
 
 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 
------------------------  ---------------------------- 
 
        3,774,665                     3.62% 
------------------------  ---------------------------- 
 
 
 
   9. Chain of controlled undertakings through which the voting rights and/or 
   the financial instruments are effectively held, if applicable: (xxi) 
---------------------------------------------------------------------------------- 
 This statement relates to common shares held for the account of Quantum 
  Partners LP, a Cayman Islands exempted limited partnership ("Quantum Partners"). 
  SFM UK Management LLP, a sub-advisor to Soros Fund Management LLC, serves 
  as investment manager to Quantum Partners and has been granted investment 
  discretion over portfolio investments, including the common shares, held 
  for the account of Quantum Partners. 
---------------------------------------------------------------------------------- 
 
 
 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:        N/A 
---------------------------------  ---------------------------------- 
 
   14. Contact name:                  Jade Cornell Compliance Officer 
---------------------------------  ---------------------------------- 
 
   15. Contact telephone number:      020 7758 4826 
---------------------------------  ---------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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