11 Mar 2010 16:41
| 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): | ||
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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): |
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| 3. Full name of person(s) subject to the notification obligation:
| BLACKROCK INC |
| 4. Full name of shareholder(s) (if different from 3.):
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| 5. Date of the transaction and date on which the threshold is crossed or reached:
| 9TH MARCH 2010 |
| 6. Date on which issuer notified:
| 11TH MARCH 2010 |
| 7. Threshold(s) that is/are crossed or reached:
| HOLDING HAS GONE ABOVE 14% |
| 8. Notified details: | |||||||
| A: Voting rights attached to shares
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| 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 | Direct | Indirect | Direct | Indirect | |||
| GB0002668464 | 10,716,213 | 10,716,213 | N/A | N/A | 11,491,451 | N/A | 13.97% |
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| B: Qualifying Financial Instruments | ||||
| 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 | ||||||
| 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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| CFD | N/A | N/A | N/A | 100,000 | Nominal | CFD |
| 0.12% |
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| Total (A+B+C)
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| Number of voting rights | Percentage of voting rights |
| 11,491,451 | 14.09% |
| 9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: |
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BLACKROCK INVESTMENT MANAGEMENT (UK) LIMITED - 11,591,451 (14.09%) |
| Proxy Voting:
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| 10. Name of the proxy holder:
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| 11. Number of voting rights proxy holder will cease to hold:
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| 12. Date on which proxy holder will cease to hold voting rights:
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| 13. Additional information:
| BLACKROCK COMPLIANCE DISCLOSURES TEAM |
| 14. Contact name:
| STUART WATCHORN |
| 15. Contact telephone number:
| 020 7743 5741 stuart.watchorn@blackrock.com |