TIDMDSC

RNS Number : 6729J

Development Securities PLC

09 April 2015

 
 
 
 
 TR1: NOTIFICATION OF MAJOR INTEREST IN SHARES 
 
 1. Identity of the issuer or the underlying            Development Securities plc 
  issuer 
  of existing shares to which voting rights 
  are 
  attached: (ii) 
                                                    ---------------------------------- 
 2 Reason for the notification (please tick the appropriate box or boxes): 
 An acquisition or disposal of voting rights                                    ü 
-----------------------------------------------------------------------------  ------- 
 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                         Schroders plc 
  to the 
  notification obligation: (iii) 
                                            ------------------------------------------ 
 4. Full name of shareholder(s) 
  (if different from 3.):(iv) 
                                            ------------------------------------------ 
 5. Date of the transaction and date                         02.04.15 
  on 
  which the threshold is crossed 
  or 
  reached: (v) 
                                            ------------------------------------------ 
 6. Date on which issuer notified:                           08.04.15 
                                            ------------------------------------------ 
 7. Threshold(s) that is/are crossed                         Above 5% 
  or 
  reached: (vi, vii) 
                                            ------------------------------------------ 
 
 
 
 8. Notified details: 
 A: Voting rights attached to shares (viii, ix) 
 Class/type     Situation previous                     Resulting situation after the triggering 
 of              to the triggering                      transaction 
 shares          transaction 
 
 if possible 
 using 
 the ISIN 
 CODE 
               -------------------------------------  -------------------------------------------------------------------- 
                Number           Number                Number        Number of voting         % of voting rights 
                 of               of                    of shares     rights                   (x) 
                 Shares           Voting 
                                  Rights 
               ---------------  --------------------  ------------  -----------------------  ----------------------------- 
                                                       Direct        Direct       Indirect    Direct         Indirect 
                                                                      (xi)         (xii) 
                 -----  ------  -------  ------  ---  ------------  -----------  ----------  -------------  -------------- 
   Ordinary 
 
 GB0002668464      Below 5%           Below 5%          7,112,080       N/A       7,112,080       N/A           5.692% 
               ---------------  --------------------  ------------  -----------  ----------  -------------  -------------- 
 
 
 B: Qualifying Financial Instruments 
 Resulting situation after the triggering transaction 
 Type of financial       Expiration       Exercise/                       Number of voting             % of voting 
  instrument              date (xiii)      Conversion Period               rights that may              rights 
                                           (xiv)                           be 
                                                                           acquired if the 
                                                                           instrument is 
                                                                           exercised/ converted. 
                        ---------------  ------------------------------  ---------------------------  -------------------- 
 
 
 C: Financial Instruments with similar economic effect to Qualifying Financial 
  Instruments (xv, xvi) 
 Resulting situation after the triggering transaction 
 Type of          Exercise       Expiration       Exercise/          Number of voting             % of voting rights 
 financial         price          date (xvii)      Conversion         rights instrument            (xix, xx) 
 instrument                                        period             refers to 
                                                   (xviii) 
                 -------------  ---------------  -----------------  ---------------------------  ------------------------- 
                                                                                                  Nominal       Delta 
                 -------------  ---------------  -----------------  ---------------------------  ------------  ----------- 
 
 
 Total (A+B+C) 
 Number of voting rights                                           Percentage of voting rights 
                                                                  -------------------------------------------------------- 
 
                             7,112,080                                                     5.692% 
                                                                  -------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the 
  financial instruments are effectively held, if applicable: (xxi) 
 Schroder Investment Management Limited 7,112,080 5.692% 
 
 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: 
                                                       ------------------------------ 
 
                                           The shares referred to in section 
  13. Additional information:               9 are held in portfolios managed by 
                                            those firms on a discretionary basis 
                                            for clients under investment management 
                                            agreements. This disclosure has been 
                                            calculated based on issue share capital 
                                            amount 124,952,419. 
 14. Contact name:                                        Chloe Talbot 
                                          ------------------------------------------- 
 15. Contact telephone number:                          +44 207 658 6000 
                                          ------------------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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