10 Mar 2010 16:14
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES |
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: | Development Securities PLC |
2 Reason for the notification (please tick the appropriate box or boxes): | ||
An acquisition or disposal of voting rights | X | |
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:
| Prudential plc group of companies |
4. Full name of shareholder(s) (if different from 3.):
| See attached schedule |
5. Date of the transaction and date on which the threshold is crossed or reached:
| 09 March 2010 |
6. Date on which issuer notified:
| 10 March 2010 |
7. Threshold(s) that is/are crossed or reached:
| See item 13 |
8. Notified details: | |||||||
A: Voting rights attached to shares
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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 | Direct | Indirect | Direct | Indirect | |||
ORD GBP0.50 | 7,218,709 | 7,218,709 | 7,243,709 | 7,243,709 |
| 8.80% |
|
GB0002668464 |
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 | Exercise price | Expiration date | Exercise/ Conversion period | Number of voting rights instrument refers to | % of voting rights
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| Nominal | Delta
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Total (A+B+C)
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Number of voting rights | Percentage of voting rights |
7,243,709 |
8.80% |
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: |
Prudential plc (parent Company) M&G Group Limited (wholly owned subsidiary of Prudential plc) M&G Limited (wholly owned subsidiary of M&G Group Limited) M&G Investment Management Limited (wholly owned subsidiary of M&G Limited) MAG Securities Limited (wholly owned subsidiary of M&G Limited) The Prudential Assurance Company Limited (wholly owned subsidiary of Prudential plc) |
Proxy Voting:
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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:
| The notifiable position has not crossed a disclosable threshold. The notifiable position of 8.80% is an exempt holding under section 5.1.2 of the FSA's DTR Handbook. The trigger for this notification is the movement from 2.97% to 3.00% in the non-exempt holding, which makes up part of the 8.80% notifiable interest. |
14. Contact name:
| Dipesh Varsani / Mark Thomas M&G Investment Management Limited |
15. Contact telephone number:
| 020 7548 3261 / 020 7548 3266 |
Notifiable Position Report for DEVELOPMENT SECS as at 09 March 2010 | |||||
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Percentage holdings are calculated using 82,256,474 Total Voting Rights | |||||
| Registered Holder | Holding | Voting Rights | % Voting Rights | |
Prudential Plc | | 7,243,709 | 8.80 | Total Notifiable Interest | |
| | | | | |
| PRUCLT HSBC GIS NOM(UK) PPL AC | 1,204,261 | 1,204,261 | | |
| PRUCLT HSBC GIS NOM(UK) PAC AC | 1,267,661 | 1,267,661 | | |
| NORTRUST NOMINEE LTD A/C MKK01 | 4,757,039 | 4,757,039 | | |
| NORTRUST NOMINEE LTD A/C MHF01 | 14,748 | 14,748 | | |
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M & G Group Limited | | 7,243,709 | 8.80 | | |
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| PRUCLT HSBC GIS NOM(UK) PPL AC | 1,204,261 | 1,204,261 | | |
| PRUCLT HSBC GIS NOM(UK) PAC AC | 1,267,661 | 1,267,661 | | |
| NORTRUST NOMINEE LTD A/C MKK01 | 4,757,039 | 4,757,039 | | |
| NORTRUST NOMINEE LTD A/C MHF01 | 14,748 | 14,748 | | |
| | | | | |
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M&G Investment Management Limited | | 7,228,961 | 8.78 | | |
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| PRUCLT HSBC GIS NOM(UK) PPL AC | 1,204,261 | 1,204,261 | | |
| PRUCLT HSBC GIS NOM(UK) PAC AC | 1,267,661 | 1,267,661 | | |
| NORTRUST NOMINEE LTD A/C MKK01 | 4,757,039 | 4,757,039 | | |
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M&G Limited | | | 7,243,709 | 8.80 | |
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| PRUCLT HSBC GIS NOM(UK) PPL AC | 1,204,261 | 1,204,261 | | |
| PRUCLT HSBC GIS NOM(UK) PAC AC | 1,267,661 | 1,267,661 | | |
| NORTRUST NOMINEE LTD A/C MKK01 | 4,757,039 | 4,757,039 | | |
| NORTRUST NOMINEE LTD A/C MHF01 | 14,748 | 14,748 | | |
| | | | | |
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M&G Securities Limited | | | 4,771,787 | 5.80 | |
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| NORTRUST NOMINEE LTD A/C MKK01 | 4,757,039 | 4,757,039 | | |
| NORTRUST NOMINEE LTD A/C MHF01 | 14,748 | 14,748 | | |
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The Prudential Assurance Company Limited | | | 2,471,922 | 3.00 | |
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| PRUCLT HSBC GIS NOM(UK) PPL AC | 1,204,261 | 1,204,261 | | |
| PRUCLT HSBC GIS NOM(UK) PAC AC | 1,267,661 | 1,267,661 | |