28 Apr 2010 17:09

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TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES |
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1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: | DEVELOPMENT SECURITIES PLC Â |
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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 | X | |
 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: Â | BLACKROCK INC Â |
4. Full name of shareholder(s) (if different from 3.): Â |
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5. Date of the transaction and date on which the threshold is crossed or reached: Â | 27TH APRIL 2010 Â |
6. Date on which issuer notified: Â | 28TH APRIL 2010 Â |
7. Threshold(s) that is/are crossed or reached: Â | HOLDING HAS GONE ABOVE 15% Â |
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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 | |||
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  11,491,451 |
  11,491,451 |
  N/A |
  N/A |
  12,196,375 |
  N/A |
  14.83% |
GB0002668464 |
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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. Â | % 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  | |
CFD | N/A | N/A | N/A | 200,000 | Nominal | CFDÂ |
0.24% | 0.24% |
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Total (A+B+C) Â | |
Number of voting rights | Percentage of voting rights |
12,396,375 | 15.07% |
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9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: |
BlackRock Investment Management (UK) Limited - 12,396,375 (15.07%)Â Â |
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Proxy Voting: Â | |
10. Name of the proxy holder: Â |
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11. Number of voting rights proxy holder will cease to hold: Â |
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12. Date on which proxy holder will cease to hold voting rights: Â |
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13. Additional information: Â | BLACKROCK THRESHOLD REPORTING TEAM Â |
14. Contact name: Â | STUART WATCHORN Â |
15. Contact telephone number: Â | 020 7743 5741 stuart.watchorn@blackrock.com |
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