28 Jul 2010 09:00
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL
DEVELOPMENT SECURITIES PLC
Admission of Shares and Total Voting Rights
Development Securities announces that, further to its announcment on 22 July 2010 regarding the Placing and Rights Issue to raise approximately £100.2m and in accordance with the Prospectus published that day, admission of both the New Shares, nil paid, and the Placing Shares to the Official List and to trading on the London Stock Exchange main market for listed securities became effective and that dealings commenced at 8.00 a.m. today. The latest time and date for acceptance and payment in full under the Rights Issue is 11.00 a.m. on 11 August 2010.
The New Shares, nil paid, with ISIN GB00B4KYDB12 and the Placing Shares with ISIN GB00B40YYX09 rank pari passu in all respects with the Existing Shares including the right to receive all dividends and other distributions (if any) declared, paid or made by Development Securities after 22 July 2010 being the date of the Prospectus, save for the interim dividend declared on 22 July 2010.
As at today's date, Development Securities has in issue 122,352,504 Ordinary Shares, each carrying the right to one vote per share. There are no shares held in treasury.
The total voting rights figure of 122,352,504 may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interest in, or a change to their interest in, Development Securities under the FSA's Disclosure and Transparency Rules.
For further information, please contact:
| Development Securities PLC | +44 (0)20 7828 4777 |
| Michael Marx (Chief Executive) |
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| Graham Prothero (Finance Director) |
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| The Communication Group plc | +44 (0)20 7630 1411 |
| Richard Evans | +44 (0)7751 087291 |
| Lucy Grimble |
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Definitions used in this announcement have the meanings given in the Placing and Rights Issue announcement as released by the Company on 22 July 2010, a copy of which is available on the Company's website (www.developmentsecurities.com).
Disclaimer
This announcement is not a prospectus but an advertisement.
The information in this announcement may not be distributed, forwarded to or transmitted in or into the United States, the Excluded Territories or in or into any other jurisdiction where the extension or availability of the Placing and Rights Issue would breach any applicable law. This announcement does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The securities mentioned herein have not been, and will not be, registered under the United States Securities Act of 1933 (the "Securities Act"). Accordingly, the securities may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. There will be no public offer of securities in the United States.