TIDMBPD
RNS Number : 2948Q
Bulgarian Property DevelopmentsPLC
07 April 2009
?
FOR IMMEDIATE RELEASE
07 APRIL 2009
Bulgarian Property Developments PLC
Form TR-1 with annex. FSA Version 2.1 updated April 2007
+-----------------------------------------+
| For filings with the FSA include the |
| annex |
| For filings with issuer exclude the |
| annex |
+-----------------------------------------+
+-----------------------------------------------------------------------------+
| TR-1: Notifications of Major Interests in Shares |
+-----------------------------------------------------------------------------+
+----------------------------------------+---------------+---------------+----------+
| 1. Identity of the issuer or the underlying issuer of | Bulgarian Property |
| existing shares to which voting rights are attached: | Developments Plc |
+--------------------------------------------------------+--------------------------+
| 2. Reason for notification (yes/no) |
+-----------------------------------------------------------------------------------+
| An acquisition or disposal of voting rights | Yes |
| | disposal |
+------------------------------------------------------------------------+----------+
| An acquisition or disposal of financial instruments which may result | |
| in the acquisition of shares already issued to which voting rights are | |
| attached | |
+------------------------------------------------------------------------+----------+
| An event changing the breakdown of voting rights | |
+------------------------------------------------------------------------+----------+
| Other (please specify):______________ | |
+------------------------------------------------------------------------+----------+
| 3. Full name of person(s) subject to | European Asset Value Fund |
| notification obligation: | |
+----------------------------------------+------------------------------------------+
| 4. Full name of shareholder(s) (if | Pictet Nominees |
| different from 3): | |
+----------------------------------------+------------------------------------------+
| 5. Date of transaction (and date on | 6 April 2009 |
| which the threshold is crossed or | |
| reached if different): | |
+----------------------------------------+------------------------------------------+
| 6. Date on which issuer notified: | 7 April 2009 |
+----------------------------------------+------------------------------------------+
| 7. Threshold(s) that is/are crossed or | 3% |
| reached: | |
+----------------------------------------+------------------------------------------+
| 8. Notified details: | |
+----------------------------------------+---------------+---------------+----------+
+-------------+-----------+-----------+----------+----------+----------+----------+----------+
| A: Voting rights attached to shares |
| |
+--------------------------------------------------------------------------------------------+
| Class/type | Situation previous | Resulting situation after the triggering transaction |
| of shares | to the triggering | |
| If | transaction | |
| possible | | |
| use ISIN | | |
| code | | |
+ +-----------------------+------------------------------------------------------+
| | Number | Number | Number | Number of voting | Percentage of |
| | of | of | of | rights | voting rights |
| | shares | voting | shares | | |
| | | rights | | | |
+ + + +----------+---------------------+---------------------+
| | | | Direct | Direct | Indirect | Direct | Indirect |
+-------------+-----------+-----------+----------+----------+----------+----------+----------+
| B00B058TT05 | 3,536,217 | 3,536,217 | 0 | 0 | 0 | 0% | 0% |
| Ordinary | | | | | | | |
| shares | | | | | | | |
+-------------+-----------+-----------+----------+----------+----------+----------+----------+
+---------------+---------------+---------------+----------------------+---------------+
| B: Financial Instruments |
| |
+--------------------------------------------------------------------------------------+
| Resulting situation after the triggering transaction |
| |
+--------------------------------------------------------------------------------------+
| Type of | Expiration | Exercise/ | No. of voting | Percentage of |
| financial | date | conversion | rights that | voting rights |
| instrument | | period/date | may be | |
| | | | acquired (if | |
| | | | the | |
| | | | instrument | |
| | | | exercised/converted) | |
+---------------+---------------+---------------+----------------------+---------------+
| N/A | | | | |
+---------------+---------------+---------------+----------------------+---------------+
+--------------------------------------+--------------------------------------+
| Total (A+B) |
| |
+-----------------------------------------------------------------------------+
| Number of voting rights | Percentage of voting rights |
+--------------------------------------+--------------------------------------+
| 0 | 0% |
+--------------------------------------+--------------------------------------+
+-----------------------------------------------------------------------------+
| 9. Chain of controlled undertakings through which the voting rights and /or |
| the financial instruments are effectively held, if applicable: |
+-----------------------------------------------------------------------------+
| Pictet Nominees acts as custodian for The European Asset Value Fund |
| |
+-----------------------------------------------------------------------------+
+--------------------------------------+--------------------------------------+
| Proxy Voting: |
| |
+-----------------------------------------------------------------------------+
| 10. Name of 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: | Asset Value Investors acts as |
| | discretionary manager for all funds |
| | mentioned in 3 |
+--------------------------------------+--------------------------------------+
| 14 Contact name: | Asset Value Investors Limited |
| | Daniel Sadler |
+--------------------------------------+--------------------------------------+
| 15. Contact telephone name: | 020 7647 2919 |
| | |
+--------------------------------------+--------------------------------------+
For notes on how to complete form TR-1 please see the FSA website.
Note: Annex should only be submitted to the FSA not the issuer
+-----------------------------------------------------------------------------+
| Annex: Notification of major interests in shares |
+-----------------------------------------------------------------------------+
+--------------------------------------+--------------------------------------+
| A: Identity of the persons or legal entity subject to the notification |
| obligation |
+-----------------------------------------------------------------------------+
| Full name | |
| (including legal form of legal | |
| entities) | |
| | |
+--------------------------------------+--------------------------------------+
| Contact address | |
| (registered office for legal | |
| entities) | |
| | |
+--------------------------------------+--------------------------------------+
| Phone number & email | |
| | |
+--------------------------------------+--------------------------------------+
| Other useful information | |
| (at least legal representative for | |
| legal persons) | |
| | |
+--------------------------------------+--------------------------------------+
+--------------------------------------+--------------------------------------+
| B: Identity of the notifier, if applicable |
+-----------------------------------------------------------------------------+
| Full name | |
| | |
+--------------------------------------+--------------------------------------+
| Contact address | |
| | |
+--------------------------------------+--------------------------------------+
| Phone number & email | |
| | |
+--------------------------------------+--------------------------------------+
| Other useful information | |
| (e.g. functional relationship with | |
| the person or legal entity subject | |
| to the notification obligation) | |
+--------------------------------------+--------------------------------------+
+-----------------------------------------------------------------------------+
| C: Additional information |
+-----------------------------------------------------------------------------+
| |
+-----------------------------------------------------------------------------+
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