Back to Regulatory news service

Notification of Major Interests in Shares

Posted:
23/7/2010

RNS Number: 8637P16 
IG Group Holdings plc
23 July 2010

TR-1: Notification of Major Interests in Shares

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: IG Group Holdings PLC

2. Reason for notification (yes/no)

An acquisition or disposal of voting rights Yes

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):______________ N/A

3. Full name of person(s) subject to notification obligation: CVC European Equity III Limited

4. Full name of shareholder(s) (if different from 3):
CVC European Equity Partners III L.P.
CVC European Equity Partners III Parallel Fund –A L.P.
CVC European Equity Partners III Parallel Fund – B L.P.
CVC Europe Enterprise (Domestic) L.P.
CVC Europe Enterprise (Cayman) L.P.

5. Date of transaction (and date on which the threshold is crossed or reached if different): 23 July 2010 (note: Date for settlement is 28 July)

6. Date on which issuer notified: 23 July 2010

7. Threshold(s) that is/are crossed or reached: From 3% to under 3%

8: Notified Details

A: Voting rights attached to shares

Class/type of shares
Ordinary Shares

ISIN: GB00B06QFB75

Situation previous to the triggering transaction

Number of shares
13,954,879

Number of voting rights
13,954,879

Resulting situation after the triggering transaction

Number of shares
10,616,628

Number of voting rights
Direct
10,616,628

Percentage of voting rights
Direct
2.94%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date

Exercise/ conversion period/date 

No. of voting rights that may be acquired (if the instrument exercised/converted)

Percentage of voting rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date

Exercise/ conversion period

No. of voting rights instrument refers to

Percentage of voting rights

Nominal

Delta

Total (A+B+C)
Number of voting rights
10,616,628

Percentage of voting rights
2.94%

9. Chain of controlled undertakings through which the voting rights and /or the financial instruments are effectively held, if applicable:

CVC European Equity III Limited is general partner of the limited partnership known as CVC European Equity III General Partner L.P., which is the general partner of each of the limited partnerships known as CVC European Equity Partners III L.P., CVC European Equity Partners III Parallel Fund - A L.P. and CVC European Equity Partners III Parallel Fund - B L.P. CVC European Equity III Limited is the parent company of CVC Europe Enterprise GP Limited, which is the general partner of each of the limited partnerships known as CVC Europe Enterprise (Domestic) L.P. and CVC Europe Enterprise (Cayman) L.P.

Proxy Voting:

10. Name of 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:

As required by DTR 5.8.8, the percentage voting rights figure used for the purposes of this notification was calculated using the number of voting rights in existence at 1 April 2010, being the date of IG Group Holdings plc's most recent disclosure made in accordance with DTR 5.6.1 ( Ordinary Shares).

Three co-investment vehicles invested in IG Group Holdings plc alongside the CVC funds listed above and have disposed of a proportional amount of their shareholding. These are Capital Investors 2002 Limited (disposed of 34,032 shares; new shareholding 101,116 shares), Citicorp Capital Investors Europe Limited (disposed of 160,710 shares; new shareholding 511,105 shares); Citi Europe Co-Invest, L.P. (disposed of 32,138 shares; new shareholding 102,209 shares) and Indigo Feeder L.P. (disposed of 45,954 shares; new shareholding 146,149). These entities are not under the control of CVC European Equity III Limited and hence have not been included in this notification.

14 Contact name:

Guy Abbi,
Company Secretary
IG Group Holdings plc

15. Contact telephone number: 020 7896 0011