17 Jul 2009 18:36
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: | 15 July 2009 |
6. Date on which issuer notified: | 17 July 2009 |
7. Threshold(s) that is/are crossed or reached: | 8% |
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 | Direct | Indirect | Direct | Indirect | |||
ORD GBP0.50 RFD GB00B61GM796 | 0 | 0 | 5,807,415 | 5,807,415 |
| 7.06% |
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ORD GBP0.50 1,447,509 1,447,509 1,453,127 1,453,127 1.76%
GB0002668464
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 |
7,260,542 | 8.82% |
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) M&G Securities Limited (wholly owned subsidiary of M&G Limited) The Prudential Assurance Company Limited (wholly owned subsidiary of Prudential plc) |
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: | Calculations based on a Total Voting Rights figure of 82,256,474. |
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 ORD GBP0.50 RFD as at 16 July 2009
Percentage holdings are calculated using an issued share capital of 82,256,474 ORD GBP0.50 RFD shares
| REGISTERED HOLDER | HOLDING | % Total Notifiable Interest | ||||
PRUDENTIAL PLC | | 7,260,542 | 8.82 | ||||
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ORD GBP0.50 RFD | B61GM79 | 5,807,415 | | ||||
| NORTRUST NOMINEE LTD A/C MKK01 | 4,757,039 | | ||||
| PRUCLT HSBC GIS NOM(UK) PPL AC | 1,050,376 | | ||||
ORD GBP0.50 | 0266846 | 1,453,127 | | ||||
| NORTRUST NOMINEE LTD A/C MHF01 | 14,748 | | ||||
| PRUCLT HSBC GIS NOM(UK) PAC AC | 1,276,194 | | ||||
| PRUCLT HSBC GIS NOM(UK) PPL AC | 162,185 | | ||||
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| | HOLDING | % Total Notifiable Interest | ||||
M&G GROUP LIMITED | | 7,260,542 | 8.82 | ||||
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ORD GBP0.50 RFD | B61GM79 | 5,807,415 | | ||||
| NORTRUST NOMINEE LTD A/C MKK01 | 4,757,039 | | ||||
| PRUCLT HSBC GIS NOM(UK) PPL AC | 1,050,376 | | ||||
ORD GBP0.50 | 0266846 | 1,453,127 | | ||||
| NORTRUST NOMINEE LTD A/C MHF01 | 14,748 | | ||||
| PRUCLT HSBC GIS NOM(UK) PAC AC | 1,276,194 | | ||||
| PRUCLT HSBC GIS NOM(UK) PPL AC | 162,185 | | ||||
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| | HOLDING | % Total Notifiable Interest | ||||
M&G INVESTMENT MANAGEMENT LIMITED | | 7,245,794 | 8.80 | ||||
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ORD GBP0.50 RFD | B61GM79 | 5,807,415 | | ||||
| NORTRUST NOMINEE LTD A/C MKK01 | 4,757,039 | | ||||
| PRUCLT HSBC GIS NOM(UK) PPL AC | 1,050,376 | | ||||
ORD GBP0.50 | 0266846 | 1,438,379 | | ||||
| PRUCLT HSBC GIS NOM(UK) PAC AC | 1,276,194 | | ||||
| PRUCLT HSBC GIS NOM(UK) PPL AC | 162,185 | | ||||
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| | HOLDING | % Total Notifiable Interest | ||||
M&G LIMITED | | 7,260,542 | 8.82 | ||||
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ORD GBP0.50 RFD | B61GM79 | 5,807,415 | | ||||
| NORTRUST NOMINEE LTD A/C MKK01 | 4,757,039 | | ||||
| PRUCLT HSBC GIS NOM(UK) PPL AC | 1,050,376 | | ||||
ORD GBP0.50 | 0266846 | 1,453,127 | | ||||
| NORTRUST NOMINEE LTD A/C MHF01 | 14,748 | | ||||
| PRUCLT HSBC GIS NOM(UK) PAC AC | 1,276,194 | | ||||
| PRUCLT HSBC GIS NOM(UK) PPL AC | 162,185 | | ||||
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| | HOLDING | % Total Notifiable Interest | ||||
M&G Securities Limited | | 4,771,787 | 5.80 | ||||
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ORD GBP0.50 RFD | B61GM79 | 4,757,039 | | ||||
| NORTRUST NOMINEE LTD A/C MKK01 | 4,757,039 | | ||||
ORD GBP0.50 | 0266846 | 14,748 | | ||||
| NORTRUST NOMINEE LTD A/C MHF01 | 14,748 | | ||||
| | HOLDING | % Total Notifiable Interest | ||||
The Prudential Assurance Company Limited | | 2,488,755 | 3.02 | ||||
ORD GBO0.50 RFD | B61GM79 | 1,050,376 | | ||||
| PRUCLT HSBC GIS NOM(UK) PPL AC | 1,050,376 | | ||||
ORD GBP0.50 | 0266846 | 1,438,379 | | ||||
| PRUCLT HSBC GIS NOM(UK) PAC AC | 1,276,194 | | ||||
| PRUCLT HSBC GIS NOM(UK) PPL AC | 162,185 | | ||||
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