(PHRM.L) Phorm Inc Buy/Sell

RNS Number : 1077A Phorm Inc 02 October 2009

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuer of existing Phorm Inc.

shares to which voting rights are attached:

2 Reason for the notification (please tick the appropriate box or boxes):
X

An acquisition or disposal of voting rights 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
Increase to share capital

Other (please specify):

3. Full name of person(s) subject to the notification obligation: Lloyds Banking Group plc
4. Full name of shareholder(s) (if different from 3.): See Section 9.
5. Date of the transaction and date on which the threshold is crossed or 21 September 2009

reached:

6. Date on which issuer notified: 23 September 2009
7. Threshold(s) that is/are crossed or reached: Direct/Indirect increase to above 5%

8. Notified details: A: Voting rights attached to shares

Class/type of Situation previous Resulting situation after the triggering transaction
shares to the triggering
transaction

if possible using the ISIN CODE
Number Number Number Number of voting % of voting
of of of shares rights rights
Shares Voting
Rights
Direct Direct Indirect Direct Indi
rect
Common Stock USD0.001 N/A N/A 462,838 462,838 949,373 2.678% 2.
815%

B: Qualifying Financial Instruments Resulting situation after the triggering transaction

Type of financial Expiration Exercise/ Number of voting % of voting
instrument date Conversion rights that may be rights
Period 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 financial Exercise Expiration Exercise/ Number of voting % of voting rights
instrument price date Conversion rights instrument
period refers to
Nominal Delta

Total (A+B+C)

Number of voting rights Percentage of voting rights
949,373 5.494%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: 888,686 shares (5.142%) are under the control of Insight Investment Management (Global) Limited, a wholly owned subsidiary of Insight Investment Management Limited, a wholly owned subsidiary of HBOS Insurance & Investment Group Limited, a wholly owned subsidiary of HBOS plc, a wholly owned subsidiary of Lloyds Banking Group plc (Direct/Indirect Interests).

Proxy Voting:

10. Name of the proxy holder: N/A
11. Number of voting rights proxy holder will cease to hold: N/A

12. Date on which proxy holder will cease to hold voting rights: N/A

13. Additional information: Notification using the Total Voting Rights
figure of 17,281,663
14. Contact name: Kenny Melville

15. Contact telephone number: 0131 243 5301

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

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