Holding(s) in Company

05 February 2009

TR-1: Notifications of Major Interests in Shares
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:
Lidco Group PLC

2. Reason for notification (yes/no)

An acquisition or disposal of voting rights
YES

An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached 
NO

An event changing the breakdown of voting rights
NO

Other (please specify):______________
NO
3. Full name of person(s) subject to notification obligation: Ingalls & Snyder LLC ("I&S") and Ingalls & Snyder Value Partners LP ("ISVP")

4. Full name of shareholder(s) (if different from 3):		 I&S, on behalf of its clients, has dispositive authority over (i.e. the power and authorisation to sell at I&S's discretion) 15,937,000 shares.  In respect of 10,620,000 of such 15,937,000 shares ISVP (as beneficial owner) shares dispositive authority with I&S and has voting authority.  So in respect of the 10,620,000 shares beneficially held by ISVP, I&S has and ISVP share dispositive authority and ISVP has voting authority.

5. Date of transaction (and date on which the threshold is crossed or reached if different):
December 10, 2007

6. Date on which issuer notified:
5/2/2009

7. Threshold(s) that is/are crossed or reached:
Interest in excess of 11% of issued share capital
8: Notified Details
A: Voting rights attached to shares
Class/type of shares
If possible use 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 Percentage of voting rights

Direct
Indirect
Direct
Indirect
Ordinary
Shares of 0.5pence ISINGB0030546849		 -
 -
 15,937,000
 See note 4 above.
I&S has dispositive authority over 15,937,000 shares and ISVP has voting authority and shares dispositive authority in respect of 10,620,000 of such shares.		 -
 11.22% (Note: For these purposes we have assumed that dispositive authority is equivalent to voting rights).
B: Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument Expiration date Exercise/ conversion period/date  No. of voting rights that may be acquired (if the instrument exercised/converted) Percentage of voting rights






Total (A+B)
Number of voting rights Percentage of voting rights

15,937,000 (Note: For these purposes we have assumed that dispositive authority is equivalent to voting rights.)
11.22% (Note: For these purposes we have assumed that dispositive authority is equivalent to voting rights).
9. Chain of controlled undertakings through which the voting rights and /or the financial instruments are effectively held, if applicable:


N/A
Proxy Voting:
10. Name of 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:
14 Contact name:
 Thomas O. Boucher (Ingalls & Snyder LLC)
15. Contact telephone number:
 (001) (212) 269 7800

 

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