(SKP.L) SkyePharma PLC Buy/Sell

RNS Number : 7058Y Skyepharma PLC 08 September 2009

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuer of SKYEPHARMA PLC

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 An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
X

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 GLG Partners LP

obligation:

4. Full name of shareholder(s) (if different from 3.): N/A
5. Date of the transaction and date on which the threshold 04/09/09

is crossed or reached:

6. Date on which issuer notified: 07/09/09
7. Threshold(s) that is/are crossed or reached: <10%

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 rights
of of of shares rights
Shares Voting
Rights
Direct Direct Indirect Direct Indirect

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

ConvertibleBond converting
into ISIN: 9.57%
GB00B3BFNB64 05/24/2024 To Expiry 2,291,105 9.57%

GB00B3BFNB64 N/A N/A N/A 81,683 0.34% 0.34%

Total (A+B+C)

Number of voting rights Percentage of voting rights
2,372,788 9.91%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: GLG Partners is an investment management firm investing money on behalf of clients and investment funds

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: Dan Johnson
15. Contact telephone number: 020 7016 1426

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

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