10 Jul 2009 17:19
For filings with the FSA include the annex For filings with issuer exclude the annex |
TR-1: Notifications of Major Interests 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 notification (yes/no) | |
An acquisition or disposal of voting rights | Acquisition |
An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached |
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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 notification obligation: | ASSET VALUE INVESTORS |
4. Full name of shareholder(s) (if different from 3): | 1. Chase Nominees 2. Pictet Nominees 3. Mellon Nominees 4. NorTrust Nominees |
5. Date of transaction (and date on which the threshold is crossed or reached if different): | 09 July 2009 |
6. Date on which issuer notified: | 10 July 2009 |
7. Threshold(s) that is/are crossed or reached: | 4% |
8: Notified Details | |||||||
A: Voting rights attached to shares | |||||||
Class/type of shares If possible use 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 | Percentage of voting rights | |||
Direct | Indirect | Direct | Indirect | ||||
GB0002668464 Ordinary Shares | 1,394,424 | 1,394,424 | 1,799,068 | 1,799,068 | 0 | 4.43% | 0% |
B: Financial Instruments
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Resulting situation after the triggering transaction | ||||
Type of financial instrument | Expiration date | Exercise/ conversion period/date | No. of voting rights that may be acquired (if the instrument exercised/converted) | Percentage of voting rights |
N/A |
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Total (A+B) | |
Number of voting rights | Percentage of voting rights |
1,799,068 | 4.43% |
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 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: | Asset Value Investors acts as discretionary manager for all funds mentioned in 3
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14 Contact name: | Asset Value Investors Limited Daniel Sadler |
15. Contact telephone number: | 0207 647 2919 |
For notes on how to complete form TR-1 please see the FSA website.