Home » Market News » DirectorsTalk Highlights » Legal & General Group Plc increase holdings in ImmuPharma PLC
Immupharma Plc

Legal & General Group Plc increase holdings in ImmuPharma PLC

ImmuPharma PLC (LSE:IMM), the specialist drug discovery and development company, announces that it has received notification by Legal & General Group Plc (“L&G”) confirming its holding in ImmuPharma of 4,446,545 million Ordinary Shares in the capital of the Company, representing 3.35% of ImmuPharma’s total voting rights figure of 132,522,985 Ordinary Shares.

Commenting, Tim McCarthy, Chairman of ImmuPharma, said: “We are delighted to be able to disclose Legal & General’s increased holding in ImmuPharma as one of our existing major institutional investors which participated in our recent successful GBP4.1 million fundraising demonstrating its continued support for ImmuPharma.”

Full disclosure of the TR1 is shown below:

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES 
----------------------------------------------- 
 
 
 
 1. Identity of the issuer or                                         ImmuPharma Plc 
  the underlying issuer 
  of existing shares to which 
  voting rights are 
  attached: 
------------------------------------------------------------  ----------------------------- 
 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 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)                                     Legal & General Group Plc 
  subject to the                                                          (L&G) 
  notification obligation: 
----------------------------------------------------------  ------------------------------- 
 4. Full name of shareholder(s)                                Legal & General Assurance 
  (if different from 3.):                                        Society Limited (LGAS) 
----------------------------------------------------------  ------------------------------- 
                                                                     16 March 2017 
   5. Date of the transaction 
   and date on 
   which the threshold is 
   crossed or 
   reached: 
----------------------------------------------------------  ------------------------------- 
 6. Date on which issuer                                             17 March 2017 
  notified: 
----------------------------------------------------------  ------------------------------- 
 7. Threshold(s) that is/are                                         L&G (Above 3%) 
  crossed or 
  reached: 
----------------------------------------------------------  ------------------------------- 
 
 
 
 8. Notified details: 
---------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares 
---------------------------------------------------------------------------------------------------------- 
 Class/type               Situation                            Resulting situation after the 
  of                       previous                                triggering transaction 
  shares               to the triggering 
                          transaction 
  if possible 
  using 
  the ISIN 
  CODE 
-------------  -------------------------------  ---------------------------------------------------------- 
                    Number          Number                        Number of voting         % of voting 
                      of               of                              rights                 rights 
                    Shares           Voting 
                                     Rights 
-------------  ---------------  --------------  ------------  -----------------------  ------------------- 
                                                   Number        Direct     Indirect    Direct    Indirect 
                                                  of shares 
-------------    -------------   -------------  ------------  -----------  ----------  --------  --------- 
 ORD GBP 
  0.10                      Below 3%              4,446,545     4,446,545       -        3.35%       - 
-------------  -------------------------------  ------------  -----------  ----------  --------

Receive our exclusive interviews – Enter your email to stay up to date.

Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.