Mirland Development Corporation PLC Holding(s) in Company (8528U)
April 11 2016 - 12:49PM
UK Regulatory
TIDMMLD
RNS Number : 8528U
Mirland Development Corporation PLC
11 April 2016
For filings with the FCA
include the annex
For filings with issuer exclude
the annex
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
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1. Identity of the issuer or Mirland Development Corporation
the underlying issuer Plc
of existing shares to which
voting rights are
attached: (ii)
--------------------------------------------------------------- -----------------------------------
2 Reason for the notification (please tick the appropriate
box or boxes):
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An acquisition or disposal of voting rights x
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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):
--------------------------------------------------------- ------- --------------------------------
3. Full name of person(s) Clal Insurance Enterprises
subject to the Holdings Ltd.
notification obligation:
(iii)
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4. Full name of shareholder(s) N/A
(if different from 3.):(iv)
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5. Date of the transaction 3 December 2014
and date on
which the threshold is
crossed or
reached: (v)
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6. Date on which issuer 11 April 2016
notified:
----------------------------------------------------------- ---------------------------------------
7. Threshold(s) that is/are Above 6%
crossed or
reached: (vi, vii)
----------------------------------------------------------- ---------------------------------------
8. Notified details:
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A: Voting rights attached to shares (viii, ix)
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Class/type Situation previous Resulting situation after the
of to the triggering triggering transaction
shares transaction
if possible
using
the ISIN
CODE
------------ ----------------------------------- -------------------------------------------------------------------
Number Number Number Number of voting % of voting
of of of rights rights (x)
Shares Voting shares
Rights
------------ ---------------- ----------------- -------------- ------------------------ -------------------------
Direct Direct Indirect Direct Indirect
(xi) (xii)
------------ ------------ ------------- -------------- --------- ------------- ------------ -----------
Ordinary
shares 3,975,260 3,975,260 N/A N/A 6,349,520 N/A 6.13%
------------ ---------------- ----------------- -------------- --------- ------------- ------------ -----------
B: Qualifying Financial Instruments
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Resulting situation after the triggering transaction
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Type of Expiration Exercise/ Number of voting % of voting
financial date Conversion rights that rights
instrument (xiii) Period (xiv) may be
acquired if
the
instrument
is
exercised/
converted.
---------------- -------------- --------------------------------- -------------------------- ---------------------
N/A
---------------- -------------- --------------------------------- -------------------------- ---------------------
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
financial price date Conversion rights instrument rights (xix,
instrument (xvii) period refers to xx)
(xviii)
-------------- -------------- --------------- ---------------- -------------------------- -----------------------
N/A Nominal Delta
-------------- -------------- --------------- ---------------- -------------------------- ------------ ---------
Total (A+B+C)
----------------------------------------------------------------------------------------------------------------------
Number of voting rights Percentage of voting rights
--------------------------------------------------- -----------------------------------------------------------------
6,349,520 6.13%
--------------------------------------------------- -----------------------------------------------------------------
9. Chain of controlled undertakings through which the
voting rights and/or the
financial instruments are effectively held, if applicable:
(xxi)
-----------------------------------------------------------------------------------------------
Clal Insurance Enterprises Holdings Ltd. ("Clal") indirectly
controls the voting rights attached to a total of 6,349,520
ordinary shares in Mirland Development Corporation Plc
("Mirland") through various of its controlled undertakings,
as stated below:
(a) Clal Insurance Company Ltd - 2,781,634 ordinary
shares;
(b) Clal Pension and Provident Funds Ltd - 3,398,673
ordinary shares; and
(c) Atodut Pension Fund for Salaried Employees and Self
Employed Ltd(1) - 169,213 ordinary shares.
The 6,349,520 ordinary shares represent 6.13% of the
voting rights attached to Mirland's shares (based on
the total number of issued shares in Mirland being 103,558,005
ordinary shares).
The 6,349,520 Ordinary Shares are held for members of
the public through, among others, provident funds and/or
pension funds and/or insurance policies, which are managed
by subsidiaries of Clal, which subsidiaries operate
under independent management and make independent voting
and investment decisions.
(1) Clal holds a 50% interest in this company.
Proxy Voting:
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10. Name of the proxy holder: N/A
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11. Number of voting rights proxy N/A
holder will cease to hold:
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12. Date on which proxy holder will N/A
cease to hold voting rights:
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13. Additional information: N/A
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14. Contact name:
Adi Barkan Stern
(MORE TO FOLLOW) Dow Jones Newswires
April 11, 2016 12:49 ET (16:49 GMT)
Company Secretary
Clal Insurance Enterprises
Holdings Ltd
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15. Contact telephone number: +972-3-6387634
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This information is provided by RNS
The company news service from the London Stock Exchange
END
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April 11, 2016 12:49 ET (16:49 GMT)
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