RNS Number:4094T
Proximagen Neuroscience Plc
21 March 2007
TR-1(i): NOTIFICATION OF MAJOR INTERESTS IN SHARES
1. Identity of the issuer or the underlying issuer of existing shares to
which
voting rights are attached (ii):
Proximagen Neuroscience plc
2. Reason for the notification (please state Yes/No): ( )
An acquisition or disposal of voting rights: ( No )
An acquisition or disposal of financial instruments which may result in the
acquisition of shares already issued to which voting rights are attached: (
No )
An event changing the breakdown of voting rights: ( No )
Other (please specify) : DTR Transitional Provision 7 (Yes)
3. Full name of person(s) subject to the notification obligation (iii):
1Lansdowne Partners Limited being the General Partner of Lansdowne Partners
Limited Partnership
2Lansdowne UK Equity Fund Limited
Lansdowne Partners International Limited
4. Full name of shareholder(s) (if different from 3.) (iv):
Morstan Nominees Ltd (registered shareholder)
5. Date of the transaction (and date on which the threshold is crossed or
reached if different) (v):
n/a
6. Date on which issuer notified:
20 March 2007
7. Threshold(s) that is/are crossed or reached:
7%
8. Notified details:
.................
A: Voting rights attached to shares
Class/type of shares if possible
Situation previous to the
using the ISIN CODE
Triggering transaction (vi)
Number of Number of voting
shares Rights (viii)
Ordinary shares
1,520,270 1,520,270
Resulting situation after the triggering transaction (vii)
Class/type of shares Number of shares Number of voting rights
% of voting rights
if possible using
(ix)
the ISIN CODE
Direct
Direct (x) Indirect (xi) Direct Indirect
Ordinary shares 0
0 1,520,270
0.0% 7.59%
B: Financial Instruments
Resulting situation after the triggering transaction (xii)
Type of Expiration Date Exercise/Conversion
Number of voting % of voting
financial (xiii)
Period/ Date (xiv) rights that may be rights
instrument
acquired if the
instrument is
exercised/
converted.
Total (A+B)
Number of voting % of voting
rights
rights
1,520,270
7.59%
9. Chain of controlled undertakings through which the voting rights and/or
the
financial instruments are effectively held, if applicable (xv):
Lansdowne Partners International Limited is the parent undertaking of
Lansdowne
Partners Limited
Proxy Voting:
10. Name of the proxy holder:
Lansdowne Partners Limited
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:
1Lansdowne Partners Limited being the General Partner of Lansdowne Partners
Limited Partnership ('LPLP') controls 1,520,270 voting rights representing
7.59%.
2 Lansdowne UK Equity Fund owns 1,442,412 voting rights representing 7.20%.
The balancing 0.39% of shares is held on behalf of other client funds
managed by
LPLP.
14. Contact name:
Lois Molloy
15. Contact telephone number:
+44 20 7290 5505
Annex to Notification Of Major Interests In Shares (xvi)
A: Identity of the person or legal entity subject to the notification
obligation
Full name (including legal form for legal entities):
Lois Molloy
Contact address (registered office for legal entities):
Lansdowne Partners Limited, 15 Davies Street, London W1K 3AG
Phone number:
020 7290 5505
Other useful information (at least legal representative for legal persons):
.................
B: Identity of the notifier, if applicable (xvii)
Full name:
.................
Contact address:
.................
Phone number:
.................
Other useful information (e.g. functional relationship with the person or
legal
entity subject to the notification obligation):
.................
C: Additional information :
.................
Notes to the Forms
(i) This form is to be sent to the issuer or underlying issuer and to be
filed
with the competent authority.
(ii) Either the full name of the legal entity or another method for
identifying
the issuer or underlying issuer, provided it is reliable and accurate.
(iii) This should be the full name of (a) the shareholder; (b) the person
acquiring, disposing of or exercising voting rights in the cases provided
for in
DTR5.2.1 (b) to (h); (c) all the parties to the agreement referred to in
DTR5.2.1 (a), or (d) the direct or indirect holder of financial instruments
entitled to acquire shares already issued to which voting rights are
attached,
as appropriate.
In relation to the transactions referred to in points DTR5.2.1 (b) to (h),
the
following list is provided as indication of the persons who should be
mentioned:
- in the circumstances foreseen in DTR5.2.1 (b), the person that acquires
the
voting rights and is entitled to exercise them under the agreement and the
natural person or legal entity who is transferring temporarily for
consideration
the voting rights;
- in the circumstances foreseen in DTR 5.2.1 (c), the person holding the
collateral, provided the person or entity controls the voting rights and
declares its intention of exercising them, and person lodging the collateral
under these conditions;
- in the circumstances foreseen in DTR5.2.1(d), the person who has a life
interest in shares if that person is entitled to exercise the voting rights
attached to the shares and the person who is disposing of the voting rights
when
the life interest is created;
- in the circumstances foreseen in DTR5.2.1 (e), the parent undertaking and,
provided it has a notification duty at an individual level under DTR 5.1,
under
DTR5.2.1 (a) to (d) or under a combination of any of those situations, the
controlled undertaking;
- in the circumstances foreseen in DTR5.2.1 (f), the deposit taker of the
shares, if he can exercise the voting rights attached to the shares
deposited
with him at his discretion, and the depositor of the shares allowing the
deposit
taker to exercise the voting rights at his discretion;
- in the circumstances foreseen in DTR5.2.1 (g), the person that controls
the
voting rights;
- in the circumstances foreseen in DTR5.2.1 (h), the proxy holder, if he can
exercise the voting rights at his discretion, and the shareholder who has
given
his proxy to the proxy holder allowing the latter to exercise the voting
rights
at his discretion.
(iv) Applicable in the cases provided for in DTR 5.2.1 (b) to (h). This
should
be the full name of the shareholder who is the counterparty to the natural
person or legal entity referred to in DTR5.2.
(v) The date of the transaction should normally be, in the case of an on
exchange transaction, the date on which the matching of orders occurs; in
the
case of an off exchange transaction, date of the entering into an agreement.
The date on which threshold is crossed should normally be the date on which
the
acquisition, disposal or possibility to exercise voting rights takes effect
(see
DTR 5.1.1R (3)). For passive crossings, the date when the corporate event
took
effect.
(vi) Please refer to the situation disclosed in the previous notification,
In
case the situation previous to the triggering transaction was below 3%,
please
state 'below 3%'.
(vii) If the holding has fallen below the minimum threshold , the notifying
party should not be obliged to disclose the extent of the holding, only that
the
new holding is less than 3%.
For the case provided for in DTR5.2.1(a), there should be no disclosure of
individual holdings per party to the agreement unless a party individually
crosses or reaches an Article 9 threshold. This applies upon entering into,
introducing changes to or terminating an agreement.
(viii) Direct and indirect
(ix) In case of combined holdings of shares with voting rights attached
'direct
holding' and voting rights 'indirect holdings', please split the voting
rights
number and percentage into the direct and indirect columns-if there is no
combined holdings, please leave the relevant box blank.
(x) Voting rights to shares in respect of which the notifying party is a
direct
shareholder (DTR 5.1)
(xi) Voting rights held by the notifying party as an indirect shareholder (DTR
5.2.1)
(xii) If the holding has fallen below the minimum threshold, the notifying
party
should not be obliged to disclose the extent of the holding, only that the
new
holding is below 3%.
(xiii) date of maturity / expiration of the finical instrument i.e. the date
when the right to acquire shares ends.
(xiv) If the financial instrument has such a period-please specify the
period-
for example once every three months starting from the (date)
(xv) The notification should include the name(s) of the controlled
undertakings
through which the voting rights are held. The notification should also
include
the amount of voting rights and the percentage held by each controlled
undertaking, insofar as individually the controlled undertaking holds 5% or
more, and insofar as the notification by the parent undertaking is intended
to
cover the notification obligations of the controlled undertaking.
(xvi ) This annex is only to be filed with the competent authority.
(xvii) Whenever another person makes the notification on behalf of the
shareholder or the natural person/legal entity referred to in DTR5.2 and
DTR5.3
