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