Holding(s) in Company

 

TIDMGWP TIDMPRU 
 
RNS Number : 1426J 
GW Pharmaceuticals PLC 
24 March 2010 
 

 
+----------------+--------------------+--+----+---------------+---------------+--------+ 
| TR-1 NOTIFICATION OF MAJOR INTEREST IN SHARES                                        | 
|                                                                                      | 
+--------------------------------------------------------------------------------------+ 
| 1. Identity of the issuer or the underlying |          GW Pharmaceuticals            | 
| 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                                 |   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   |       Prudential plc group of companies        | 
| to the                              |                                                | 
| notification obligation:            |                                                | 
+-------------------------------------+------------------------------------------------+ 
| 4. Full name of shareholder(s)      |             See attached schedule              | 
|  (if different from 3.):            |                                                | 
+-------------------------------------+------------------------------------------------+ 
| 5. Date of the transaction and date |                 23 March 2010                  | 
| on                                  |                                                | 
| which the threshold is crossed or   |                                                | 
| reached:                            |                                                | 
+-------------------------------------+------------------------------------------------+ 
| 6. Date on which issuer notified:   |                 24 March 2010                  | 
+-------------------------------------+------------------------------------------------+ 
| 7. Threshold(s) that is/are crossed |                  11% to 12%                    | 
| or                                  |                                                | 
| reached:                            |                                                | 
+-------------------------------------+------------------------------------------------+ 
|                |                    |  |    |                               |        | 
+----------------+--------------------+--+----+---------------+---------------+--------+ 
 
+--------------+---------+----+------+----------+--------+---+--+--------------+-+------+-----+----------+-----+-------------+----+--+----------+ 
| 8. Notified details:                                                                                                                          | 
+-----------------------------------------------------------------------------------------------------------------------------------------------+ 
| A: Voting rights attached to shares                                                                                                           | 
+-----------------------------------------------------------------------------------------------------------------------------------------------+ 
| Class/type   | Situation previous                             | Resulting situation after the triggering transaction                          | 
| of           | to the triggering                              |                                                                               | 
| shares       | transaction                                    |                                                                               | 
| if           |                                                |                                                                               | 
| possible     |                                                |                                                                               | 
| using        |                                                |                                                                               | 
| the ISIN     |                                                |                                                                               | 
| CODE         |                                                |                                                                               | 
+              +------------------------------------------------+-------------------------------------------------------------------------------+ 
|              | Number              | Number                   | Number         | Number of             | % of  voting rights                  | 
|              | of                  | of                       | of shares      | voting                |                                      | 
|              | Shares              | Voting                   |                | rights                |                                      | 
|              |                     | Rights                   |                |                       |                                      | 
+              +                     +                          +----------------+-----------------------+--------------------------------------+ 
|              |                     |                          | Direct         | Direct     | Indirect | Direct                 | Indirect    | 
|              |                     |                          |                |            |          |                        |             | 
+--------------+---------------------+--------------------------+----------------+------------+----------+------------------------+-------------+ 
|GB0030544687  |     15,123,621      |        15,123,621        |  15,798,621    |15,798,621  |    0     |        12.18%          |             | 
+--------------+---------------------+--------------------------+----------------+------------+----------+------------------------+-------------+ 
|              |                     |                          |                |            |          |                        |             | 
+--------------+---------------------+--------------------------+----------------+------------+----------+------------------------+-------------+ 
|                                                                                                                                               | 
+-----------------------------------------------------------------------------------------------------------------------------------------------+ 
| B: Qualifying Financial Instruments                                                                                                           | 
+-----------------------------------------------------------------------------------------------------------------------------------------------+ 
| Resulting situation after the triggering transaction                                                                                          | 
+-----------------------------------------------------------------------------------------------------------------------------------------------+ 
| Type of financial           | Expiration               | Exercise/                    | Number of voting                   | % of voting      | 
| instrument                  | date                     | Conversion Period            | rights that may be                 | rights           | 
|                             |                          |                              | acquired if the                    |                  | 
|                             |                          |                              | instrument is                      |                  | 
|                             |                          |                              | exercised/                         |                  | 
|                             |                          |                              | converted.                         |                  | 
+-----------------------------+--------------------------+------------------------------+------------------------------------+------------------+ 
|                             |                          |                              |                                    |                  | 
+-----------------------------+--------------------------+------------------------------+------------------------------------+------------------+ 
|                                                                                                                                               | 
+-----------------------------------------------------------------------------------------------------------------------------------------------+ 
| C: Financial Instruments with similar economic effect to Qualifying Financial Instruments                                                     | 
+-----------------------------------------------------------------------------------------------------------------------------------------------+ 
| Resulting situation after the triggering transaction                                                                                          | 
+-----------------------------------------------------------------------------------------------------------------------------------------------+ 
| Type of                | Exercise price       | Expiration | Exercise/         | Number of voting            | % of voting rights             | 
| financial              |                      | date       | Conversion        | rights instrument           |                                | 
| instrument             |                      |            | period            | refers to                   |                                | 
|                        |                      |            |                   |                             |                                | 
+------------------------+----------------------+------------+-------------------+-----------------------------+--------------------------------+ 
|                        |                      |            |                   |                             | Nominal             | Delta    | 
|                        |                      |            |                   |                             |                     |          | 
+                        +                      +            +                   +                             +---------------------+----------+ 
|                        |                      |            |                   |                             |                     |          | 
+------------------------+----------------------+------------+-------------------+-----------------------------+---------------------+----------+ 
|                                                                                                                                               | 
+-----------------------------------------------------------------------------------------------------------------------------------------------+ 
| Total (A+B+C)                                                                                                                                 | 
+-----------------------------------------------------------------------------------------------------------------------------------------------+ 
| Number of voting rights                                                      | Percentage of voting rights                                    | 
+------------------------------------------------------------------------------+----------------------------------------------------------------+ 
| 15,798,621                                                                   | 12.18%                                                         | 
+------------------------------------------------------------------------------+----------------------------------------------------------------+ 
|              |         |    |      |          |        |   |  |              | |      |     |          |     |             |    |  |          | 
+--------------+---------+----+------+----------+--------+---+--+--------------+-+------+-----+----------+-----+-------------+----+--+----------+ 
 
+--------------------------------------+-----------+------------------------------+ 
| 9. Chain of controlled undertakings through which the voting rights and/or the  | 
| financial instruments are effectively held, if applicable:                      | 
+---------------------------------------------------------------------------------+ 
| Prudential plc (parent Company)                                                 | 
| M&G Group Limited (wholly owned subsidiary of Prudential plc)                   | 
| M&G Limited (wholly owned subsidiary of M&G Group Limited)                      | 
| M&G Investment Management Limited (wholly owned subsidiary of M&G Limited)      | 
| M&G Securities Limited (wholly owned subsidiary of M&G Limited)                 | 
|                                                                                 | 
+---------------------------------------------------------------------------------+ 
|                                                                                 | 
+---------------------------------------------------------------------------------+ 
| Proxy Voting:                                                                   | 
+---------------------------------------------------------------------------------+ 
| 10. Name of the proxy holder:                    |             N/A              | 
+--------------------------------------------------+------------------------------+ 
| 11. Number of voting rights proxy holder will    |             N/A              | 
| cease                                            |                              | 
| to hold:                                         |                              | 
+--------------------------------------------------+------------------------------+ 
| 12. Date on which proxy holder will cease to     |             N/A              | 
| hold                                             |                              | 
| voting rights:                                   |                              | 
+--------------------------------------------------+------------------------------+ 
|                                                                                 | 
+---------------------------------------------------------------------------------+ 
| 13. Additional information:          |                                          | 
|                                      |                                          | 
+--------------------------------------+------------------------------------------+ 
| 14. Contact name:                    | Dipesh Varsani / Mark Thomas             | 
|                                      | M&G Investment Management Limited        | 
+--------------------------------------+------------------------------------------+ 
| 15. Contact telephone number:        | 020 7548 3261 / 020 7548 3266            | 
+--------------------------------------+------------------------------------------+ 
|                                      |           |                              | 
+--------------------------------------+-----------+------------------------------+ 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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