Last checked at 20 May 2010 12:28
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):
Braemar Shipping Services Plc
2. Reason for the notification (please state Yes/No): ( )
An acquisition or disposal of voting rights: (Yes)
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached: (No)
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments: (No)
An event changing the breakdown of voting rights: (No)
Other (please specify): (No)
3. Full name of person(s) subject to the notification obligation (iii):
Legal & General Group Plc (L&G)
4. Full name of shareholder(s) (if different from 3.) (iv):
Legal & General Assurance (Pensions Management) Limited (PMC)
5. Date of the transaction and date on which the threshold is crossed or reached (v):
18 May 2010
6. Date on which issuer notified:
19 May 2010
7. Threshold(s) that is/are crossed or reached:
L&G (From 4% to 3%)
8. Notified details:
A: Voting rights attached to shares (viii), (ix)
| Class/type of shares if possible using the ISIN CODE | Situation previous to the triggering transaction | |
|
| Number of shares | Number of voting Rights |
| Ordinary 10p | 843,502 (as on 03.02.10) | 779,046 |
| Resulting situation after the triggering transaction | |||||
| Class/type of shares if possible using the ISIN CODE | Number of shares | Number of voting rights (ix) | % of voting rights (x) | ||
|
| Direct | Direct (xi) | Indirect (xii) | Direct | Indirect |
| Ordinary 10p | 779,046 |
|
| 3.69% |
|
B: Qualifying Financial Instruments
| Resulting situation after the triggering transaction | ||||
| Type of financial instrument | Expiration date (xiii) | Exercise/Conversion Period (xiv) | Number of voting rights that may be acquired if the instrument is exercised/ converted | % of voting rights |
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C: Financial Instruments with similar economic effect to Qualifying Financial Instruments(xv), (xvi)
| Resulting situation after the triggering transaction | ||||||
| Type of financial instrument | Exercise price | Expiration date (xvii) | Exercise/ Conversion period (xviii) | Number of voting rights instrument refers to | % of voting rights (xix), (xx)
| |
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| Nominal | Delta |
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Total (A+B+C)
| Number of voting rights | % of voting rights |
| 779.046 | 3.69 |
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable (xxi):
Legal & General Group Plc (Direct and Indirect) (Group)
Legal & General Investment Management (Holdings) Limited (LGIMH) (Direct and Indirect)
Legal & General Investment Management Limited (Indirect) (LGIM)
Legal & General Group Plc (Direct) (L&G) (779,046 - 3.69% = LGAS, LGPL & PMC)
Legal & General Investment Management (Holdings) Limited (Direct) (LGIMHD) (710,873 - 3.37% = PMC)
Legal & General Insurance Holdings Limited (Direct) (LGIH)
Legal & General Assurance (Pensions Management) Limited (PMC) (710,873 - 3.37% = PMC)
Legal & General Assurance Society Limited (LGAS & LGPL)
Legal & General Pensions Limited (Direct) (LGPL)
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 21,072,924
14. Contact name:
Wayne Powell (LGIM)
15. Contact telephone number:
020 3124 3851