Holding(s) in Company

RNS Number : 1036Q

Connaught PLC

28 July 2010




TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESⁱ

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:ⁱⁱ			CONNAUGHT 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				X
An event changing the breakdown of voting rights
Other (please specify):	Existing holding at date of implementation of new requirements.
3. Full name of person(s) subject to the notification obligation:ⁱⁱⁱ		PARVUS ASSET MANAGEMENT (UK) LLP
4. Full name of shareholder(s) (if different from 3.):^iv		The Caeruleus Fund Crescent III LP Vittoria Fund-P, L.P. The Orange Partners Fund Parvus European Opportunities Master Fund Parvus European Absolute Opportunities Master Fund The PackPar Fund
5. Date of the transaction and date on which the threshold is crossed or reached:^v		26/07/2010
6. Date on which issuer notified:		28/07/2010
7. Threshold(s) that is/are crossed or reached: ^{vi, vii}		going below 5%

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

GB00B139BQ35

1,603,005

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}

Equity Swap

N/A

Nominal

Delta

N/A

Total (A+B+C)

Number of voting rights

Percentage of voting rights

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: ^xxi
Parvus Asset Management (UK) LLP has been appointed as Investment Manager to the Caeruleus Fund, Crescent III LP, Parvus European Opportunities Master Fund, Parvus European Absolute Opportunities Master Fund, The Orange Partners Fund, The Vittoria Fund - P, L.P. and The PackPar Fund.Under the terms of the various investment management agreements, Parvus Asset Management (UK) LLP holds the power to vote any physical shareholdings held by these clients.

Proxy Voting:
10. Name of the 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:	TCI Fund Services LLP provides compliance services to Parvus Asset Management (UK) LLP and is completing this disclosure on behalf of Parvus Asset Management (UK) LLP. Please contact Angus Milne for any further information.
14. Contact name:	Angus Milne
15. Contact telephone number:	0207 440 2330

This information is provided by RNS

The company news service from the London Stock Exchange

END

HOLRPMATMBTTBMM