25 May 2010 15:17
| For immediate release | 25 May 2010 |
INLAND PLC
TR-1: Notification of major interests in shares
| 1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:
| Inland plc | |||
| 2. Reason for the notification (please tick the appropriate box or boxes): | ||||
| An acquisition or disposal of voting rights | Yes | |||
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An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached.
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An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments
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| An event changing the breakdown of voting rights |
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Other (please specify):
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| 3. Full name of person(s) subject to the notification obligation: | Brookwell Limited | |||
| 4. Full name of shareholder(s) (if different from 3.): | Nortrust Nominees Limited | |||
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5. Date of the transaction and date on which the threshold is crossed or reached:
| 24 May 2010 | |||
| 6. Date on which issuer notified: | 25 May 2010 | |||
| 7. Threshold(s) that is/are crossed or reached:
| Less than 3% | |||
| 8. Notified details:
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| A: Voting rights attached to shares | ||||||||||||||||
| Class/type of shares if possible using the 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 | % of voting rights | ||||||||||||
| Direct | Indirect | Direct | Indirect | |||||||||||||
| Ordinary GB00B1TRO310 | 7,660,000 | 7,660,000 | Less than 3% | Less than 3% |
| Less than 3% |
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| B: Qualifying Financial Instruments | ||||||||||||||||
| Resulting situation after the triggering transaction | ||||||||||||||||
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Type of financial instrument |
Expiration date |
Exercise/ Conversion Period | 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 | ||||||||||||||||
| Resulting situation after the triggering transaction | ||||||||||||||||
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Type of financial instrument
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Exercise price |
Expiration date |
Exercise/ Conversion period |
Number of voting rights instrument refers to
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% of voting rights
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| Nominal | Delta | ||||||||||
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| Total (A+B+C) | ||||||||||||||||
| Number of voting rights | Percentage of voting rights | |||||||||||||||
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Less than 3%
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| 9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable | ||
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| Proxy Voting: | ||
| 10. Name of the proxy holder: |
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| 11. Number of voting rights proxy holder will cease to hold: |
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| 12. Date on which proxy holder will cease to hold voting rights: |
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| 13. Additional information: | Progressive AIM Realisation Limited is Investment Manager to Brookwell Limited | |
| 14. Contact name: | Russell Scott | |
| 15. Contact telephone number: | 020 7490 4355 | |