13 Aug 2009 18:06
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 | 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 |
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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: | Legal & General Group Plc (L&G) |
4. Full name of shareholder(s) (if different from 3.): | Legal & General Assurance (Pensions Management) Limited (PMC) |
5. Date of the transaction and date on which the threshold is crossed or reached: | 11 August 2009 |
6. Date on which issuer notified: | 13 August 2009 |
7. Threshold(s) that is/are crossed or reached: | From 5% - 4% (L&G) |
8. Notified details: | |||||||
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 | |||
ORD GBP 0.50 | 2,049,056 (Prior to placing of new shares) | 2,049,056 (Prior to placing of new shares) | 2,740,838 | 2,740,838 | | 3.33 | |
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B: Qualifying Financial Instruments | ||||
Resulting situation after the triggering transaction | ||||
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 | ||||||
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) | |
Number of voting rights | Percentage of voting rights |
4,070,952 | 4.94 |
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: |
Legal & General Group Plc (Direct and Indirect) (Group) (4,921,053 – 5.98% = Total Position) Legal & General Investment Management (Holdings) Limited (LGIMH) (Direct and Indirect) (4,921,053 – 5.98% = Total Position) Legal & General Investment Management Limited (Indirect) (LGIM) (4,921,053 – 5.98% = Total Position) Legal & General Group Plc (Direct) (L&G) (4,070,952 – 4.94% = LGAS, LGPL & PMC) Legal & General Investment Management Legal & General Insurance (Holdings) Limited (Direct) (LGIMHD) Holdings Limited (Direct) (2,871,167 – 3.49% = PMC) (LGIH) Legal & General Assurance (Pensions Legal & General Assurance Management) Limited (PMC) Society Limited (LGAS & (2,871,167 – 3.49% = PMC) LGPL) Legal & General Pensions Limited Direct) (LGPL)
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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 82,256,474 |
14. Contact name: | Helen Lewis (LGIM) |
15. Contact telephone number: | 020 3124 3851 |