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TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES i |
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii | 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 | ||
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments | ||
An event changing the breakdown of voting rights | ||
Other (please specify): | ||
3. Full name of person(s) subject to the notification obligation: iii | BlackRock, Inc. |
4. Full name of shareholder(s) (if different from 3.): iv | |
5. Date of the transaction and date on which the threshold is crossed or reached: v | 3rd January 2014 |
6. Date on which issuer notified: | 7th January 2014 |
7. Threshold(s) that is/are crossed or reached: vi, vii | Holding has gone below 13% |
8. Notified details: | |||||||
A: Voting rights attached to sharesviii, ix | |||||||
Class/type of
|
Situation previous | Resulting situation after the triggering transaction | |||||
Number |
Number |
Number |
Number of voting | % of voting rightsx | |||
Direct | Directxi | Indirectxii | Direct | Indirect | |||
GB0002668464 | 15,706,104 | 15,706,104 | N/A | N/A | 15,389,027 | N/A | 12.59% |
B: Qualifying Financial Instruments | ||||
Resulting situation after the triggering transaction | ||||
Type of financial |
Expiration |
Exercise/ |
Number of voting |
% of voting |
C: Financial Instruments with similar economic effect to Qualifying Financial Instrumentsxv, xvi | ||||||
Resulting situation after the triggering transaction | ||||||
Type of financial |
Exercise |
Expiration |
Exercise/ |
Number of voting | % of voting rightsxix, xx | |
CFD | 483,333 | Nominal | Delta | |||
0.40% | 0.40% |
Total (A+B+C) | |
Number of voting rights | Percentage of voting rights |
15,872,360 | 12.99% |
9. Chain of controlled undertakings through which the voting rights and/or the |
BlackRock Investment Management (UK) Limited - 15,872,360 (12.99%) |
Proxy Voting: | |
10. Name of the proxy holder: | |
11. Number of voting rights proxy holder will cease to hold: | |
12. Date on which proxy holder will cease to hold voting rights: |
13. Additional information: | BlackRock Regulatory Threshold Reporting Team |
14. Contact name: | Tim Dudley |
15. Contact telephone number: | 020 7743 1540 |
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