anyone have an idea why this has been flying over the last week? had Hutchings finally bought something?

interesting levels now...

The recent rights issue reg LUP s takeover of the security arm of Lairds ( LARD) has been a tremendous success with instiutions taking up over 550 million common stock out of the 750 million up for grabs .Apps by qualifying individuals grabbed the remainder . . Certain institutions, however, seemed unable to attain their requirements under the rights issue @18p so bought in the open mkt. As on the 19th April F & C asset management today nnounced by RNS the purchase of 64 million shares ....Looking to the future. l cannot but see great things for this company .....@+ J

Lupus Capital plc has received the following notification of a major
interest in its shares.


TR-1(i): NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares
to which voting rights are attached (ii):
Lupus Capital plc

2. Reason for the notification (please state 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 )
Initial disclosure

3. Full name of person(s) subject to the notification obligation
(iii):
Polar Capital Partners

4. Full name of shareholder(s) (if different from 3.):
N/A

5. Date of the transaction (and date on which the threshold is
crossed or reached if different) (v):
19 April 2007

6. Date on which issuer notified:
23 April 2007

7. Threshold(s) that is/are crossed or reached:
3%

8. Notified details:
N/A


A: Voting rights attached to shares


Class/type of shares if possible Situation previous to the Triggering
using the ISIN CODE transaction (vi)
Number of shares Number of voting
23,571,428 Rights (viii)
23,571,428



Resulting situation after the triggering transaction (vii)


Class/type of Number of Number of voting rights % of voting rights
shares if shares (ix)
possible using
the ISIN CODE
Direct Direct (x) Indirect Direct Indirect
N/A 56,526,049 (xi) 4.12 N/A
N/A


B: Financial Instruments
Resulting situation after the triggering transaction (xii)


Type of Expiration Exercise/Conversion Number of voting % of
financial Date (xiii) Period/ Date (xiv) rights that may be voting
instrument acquired if the rights
instrument is
exercised/
converted.
N/A N/A N/A N/A N/A



Total (A+B)

Number of voting rights % of voting rights

56,526,049 4.12%



9. Chain of controlled undertakings through which the voting rights
and/or the financial instruments are effectively held, if applicable
(xv):
N/A

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:
N/A

14. Contact name:
Mr A McBrierty

15. Contact telephone number:
0131 338 2411


C: Additional information :
Name of person making this announcement on behalf of Lupus Capital
plc.

Mr J Luetchford
Tel: 020 7490 4355

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