13th Aug 2009 18:06
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TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES |
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1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: |
Development Securities Plc |
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2 Reason for the notification (please tick the appropriate box or boxes): |
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An acquisition or disposal of voting rights |
Yes |
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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): |
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3. Full name of person(s) subject to the notification obligation: |
Legal & General Group Plc (L&G) |
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4. Full name of shareholder(s) (if different from 3.): |
Legal & General Assurance (Pensions Management) Limited (PMC) |
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5. Date of the transaction and date on which the threshold is crossed or reached: |
11 August 2009 |
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6. Date on which issuer notified: |
13 August 2009 |
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7. Threshold(s) that is/are crossed or reached: |
From 5% - 4% (L&G) |
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8. Notified details:
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A: Voting rights attached to shares
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Class/type of
shares
if possible using
the ISIN CODE
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Situation previous
to the triggering
transaction
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Resulting situation after the triggering transaction
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Number
of
Shares
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Number
of
Voting
Rights
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Number
of shares
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Number of voting
rights
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% of voting rights
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Direct
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Indirect
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Direct
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Indirect
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ORD
GBP 0.50
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2,049,056 (Prior to placing of new shares)
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2,049,056 (Prior to placing of new shares)
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2,740,838
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2,740,838
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3.33
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B: Qualifying Financial Instruments |
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Resulting situation after the triggering transaction |
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Type of financial instrument |
Expiration date |
Exercise/ Conversion Period |
Number of voting rights that may be acquired if the instrument is exercised/ converted. |
% of voting rights |
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C: Financial Instruments with similar economic effect to Qualifying Financial Instruments |
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Resulting situation after the triggering transaction |
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Type of financial instrument |
Exercise price |
Expiration date |
Exercise/ Conversion period |
Number of voting rights instrument refers to |
% of voting rights |
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Nominal |
Delta |
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Total (A+B+C) |
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Number of voting rights |
Percentage of voting rights |
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4,070,952 |
4.94 |
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9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: |
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Legal & General Group Plc (Direct and Indirect) (Group)
(4,921,053 – 5.98% = Total Position)
Legal & General Investment Management (Holdings) Limited (LGIMH) (Direct and Indirect) (4,921,053 – 5.98% = Total Position)
Legal & General Investment Management Limited (Indirect) (LGIM)
(4,921,053 – 5.98% = Total Position)
Legal & General Group Plc (Direct) (L&G) (4,070,952 – 4.94% = LGAS, LGPL & PMC)
Legal & General Investment Management Legal & General Insurance
(Holdings) Limited (Direct) (LGIMHD) Holdings Limited (Direct) (2,871,167 – 3.49% = PMC) (LGIH)
Legal & General Assurance (Pensions Legal & General Assurance
Management) Limited (PMC) Society Limited (LGAS & (2,871,167 – 3.49% = PMC) LGPL)
Legal & General Pensions Limited Direct) (LGPL)
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Proxy Voting: |
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10. Name of the proxy holder: |
N/A |
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11. Number of voting rights proxy holder will cease to hold: |
N/A |
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12. Date on which proxy holder will cease to hold voting rights: |
N/A |
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13. Additional information: |
Notification using the total voting rights figure of 82,256,474 |
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14. Contact name: |
Helen Lewis (LGIM) |
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15. Contact telephone number: |
020 3124 3851 |
Related Shares:
UAI.LLegal & General