TIDMDSC

RNS Number : 2775U

Development Securities PLC

28 July 2015

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
-------------------------------------------------- 
 
 
 
 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                                      S 
-----------------------------------------------------------------------------  ------- 
 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                        BlackRock, Inc. 
  to the 
  notification obligation: (iii) 
------------------------------------------  ------------------------------------------ 
 4. Full name of shareholder(s) 
  (if different from 3.):(iv) 
------------------------------------------  ------------------------------------------ 
 5. Date of the transaction and date                       24 July, 2015 
  on 
  which the threshold is crossed 
  or 
  reached: (v) 
------------------------------------------  ------------------------------------------ 
 6. Date on which issuer notified:                         27 July, 2015 
------------------------------------------  ------------------------------------------ 
 7. Threshold(s) that is/are crossed             Total holding has gone above 10% 
  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          rights                     (x) 
                 Shares           Voting               shares 
                                  Rights 
-------------  ---------------  --------------------  ---------  -------------------------  ---------------------------- 
                                                       Direct     Direct        Indirect     Direct        Indirect 
                                                                   (xi)          (xii) 
-------------          -------  ------  -----  -----  ---------  ------------  -----------  ------------  -------------- 
 GB0002668464   12,245,651       12,245,651            N/A        N/A           12,332,074   N/A           9.87% 
               ---------------  --------------------  ---------  ------------  -----------  ------------  -------------- 
 
 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) 
-----------------  -----------  -------------  ----------------  ---------------------------  -------------------------- 
 CFD                                                              164,282                      Nominal       Delta 
-----------------  -----------  -------------  ----------------  ---------------------------  ------------  ------------ 
                                                                                               0.13%         0.13% 
-------------          -------  ------  -----  -----  ------     ----  ------  -----------    ------------  ------------ 
 
 Total (A+B+C) 
------------------------------------------------------------------------------------------------------------------------ 
 Number of voting rights                                       Percentage of voting rights 
------------------------------------------------------------  ---------------------------------------------------------- 
 12,496,356                                                    10.00% 
------------------------------------------------------------  ---------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the 
  financial instruments are effectively held, if applicable: (xxi) 
------------------------------------------------------------------------------------- 
 
 
 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:                         Gareth Slade 
----------------------------------------  ------------------------------------------- 
 15. Contact telephone number:             020 7743 2536 
----------------------------------------  ------------------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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