Paragon Grp Of Co's PAG Holding(s) in Company

  Paragon Grp Of Co's (PAG) - Holding(s) in Company

RNS Number : 9668P
Paragon Group Of Companies PLC
31 October 2012






TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES^i
1. Identity of the issuer or the underlying issuer      The Paragon Group of
of existing shares to which voting rights are               Companies PLC
attached:  ^ii
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       Yes
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                BlackRock, Inc.
notification obligation:  ^iii
4. Full name of shareholder(s)
(if different from 3.):^iv
5. Date of the transaction and date on
which the threshold is crossed or                      26^th October 2012
reached: ^v
6. Date on which issuer notified:                      30^th October 2012
7. Threshold(s) that is/are crossed or             Holding has gone above 15%
reached: ^vi, vii



8. Notified details:
A: Voting rights attached to shares ^viii, ix
Class/type of Situation previous         Resulting situation after the triggering
shares        to the triggering          transaction
              transaction
if possible   Number        Number       Number   Number of voting  % of voting
using         of            of           of       rights            rights ^x
the ISIN CODE Shares        Voting       shares
                            Rights       Direct   Direct Indirect   Direct   Indirect
                                                  ^xi    ^xii
GB00B2NGPM57  39,796,351    39,796,351   N/A      N/A    40,067,442 N/A      13.30%
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial   Expiration     Exercise/          Number of voting    % of voting
instrument          date ^xiii     Conversion Period  rights that may be  rights
                                   ^xiv               acquired if the
                                                      instrument is
                                                      exercised/
                                                      converted.
C: Financial Instruments with similar economic effect to Qualifying Financial
Instruments ^xv, xvi
Resulting situation after the triggering transaction
Type of        Exercise     Expiration Exercise/  Number of voting     % of voting
financial      price        date ^xvii Conversion rights instrument    rights ^xix,
instrument                             period     refers to            xx
                                       ^xviii
                                                                      
CFD                                               5,320,587            Nominal Delta
                                                                       1.77%   1.77%
Total (A+B+C)
Number of voting rights                       Percentage of voting rights
45,388,029                                    15.07%



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


BlackRock Investment Management (UK) Limited - 45,388,029 (15.07%)




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:
14. Contact name:                     John G. Gemmell, Group Company Secretary
15. Contact telephone number:         0121 712 2075



                     This information is provided by RNS
           The company news service from the London Stock Exchange

END


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