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Holding(s) in Company

RNS Announcement

RNS Number : 9205R

LSL Property Services PLC

02 July 2020

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ⁱⁱ		LSL PROPERTY SERVICES 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	RUSSELL INVESTMENTS GROUP, LTD
4. Full name of shareholder(s) (if different from 3.):^iv	STATE STREET BANK & TRUST CO. (as custodian)
5. Date of the transaction and date on which the threshold is crossed or reached: ^v	1 November 2019 (please see additional information below)
6. Date on which issuer notified:	2 July 2020
7. Threshold(s) that is/are crossed or reached: ^{vi, vii}	Holding has decreased to 0.95%

8. Notified details:

A: Voting rights attached to shares ^{viii, ix}

Class/type of
shares

if possible using
the ISIN CODE

Situation previous
to the triggering
transaction

Resulting situation after the triggering transaction

Number
of
Shares

Number
of
Voting
Rights

Number
of shares

Number of voting
rights

% of voting rights ^x

Direct

Direct ^xi

Indirect ^xii

Direct

Indirect

See additional information below

993,270

0.95%

GB00B1G5HX72

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial
instrument

Expiration
date ^xiii

Exercise/
Conversion Period ^xiv

Number of voting
rights that may be
acquired if the
instrument is
exercised/ converted.

% of voting
rights

N/A

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments ^{xv, xvi}

Resulting situation after the triggering transaction

Type of financial
instrument

Exercise price

Expiration date ^xvii

Exercise/
Conversion period ^xviii

Number of voting rights instrument refers to

% of voting rights ^{xix, xx}

N/A

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

993,270

0.95%

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

RUSSELL INVESTMENTS GROUP, LTD

Proxy Voting:

10. Name of the proxy holder:

Glass Lewis & Co

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:

The shares in section 8 of this disclosure are common stock to which voting rights are attached and are held in portfolios and funds managed on a discretionary basis by entities within Russell Investments Group, Ltd.

Following the disclosure made on 21 May 2018, subsequent disclosures were inadvertently not made when the shares held either fell below or exceeded the reporting threshold of 5%:

1 November 2019 (fell below):

Number of voting rights: 4,455,222; Percentage of voting rights: 4.28%

22 November 2019 (exceed):

Number of voting rights: 6,136,280; Percentage of voting rights: 5.89%

13 April 2020 (fell below)

Number of voting rights: 2,976,087; Percentage of voting rights: 2.86%

This oversight was due to human error. Procedures and processes have now been put in place to ensure that this oversight will not occur again

14. Contact name:

Mark Smith, Director, EMEA Compliance

15. Contact telephone number:

+44 20 7024 6384

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

END

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RNS metadata

Title: Holding(s) in Company
Time: 07:00:03
Date: 3 Jul 2020
Category: Holding(s) in company
ID: 9205R