Tuesday 03 November, 2009
Development Secs.PLC
Holding(s) in Company
RNS Number : 8494B Development Securities PLC 03 November 2009
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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:
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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
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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:
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Prudential plc group of companies
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4. Full name of shareholder(s) (if different from 3.):
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See attached schedule
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5. Date of the transaction and date on which the threshold is crossed or reached:
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29 October 2009
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6. Date on which issuer notified:
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02 November 2009
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7. Threshold(s) that is/are crossed or reached:
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See item 13
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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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Direct
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Indirect
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Direct
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Indirect
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ORD GBP0.50
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7,252,242
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7,252,242
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7,196,318
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7,196,318
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8.74%
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GB0002668464
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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
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Expiration
date
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Exercise/
Conversion
Period
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Number of voting
rights that may be
acquired if the
instrument is
exercised/ converted.
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% 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
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Exercise
price
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Expiration
date
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Exercise/
Conversion
period
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Number of voting
rights instrument
refers to
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% of voting rights
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Nominal
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Delta
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Total (A+B+C)
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Number of voting rights
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Percentage of voting rights
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7,196,318 |
8.74%
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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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Prudential plc (parent Company)
M&G Group Limited (wholly owned subsidiary of Prudential plc)
M&G Limited (wholly owned subsidiary of M&G Group Limited)
M&G Investment Management Limited (wholly owned subsidiary of M&G Limited)
M&G Securities Limited (wholly owned subsidiary of M&G Limited)
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Proxy Voting:
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10. Name of the proxy holder:
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N/A
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11. Number of voting rights proxy holder will cease to hold:
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N/A
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12. Date on which proxy holder will cease to hold voting rights:
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N/A
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13. Additional information:
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As per 5.1.2, the non-exempt holdings of Prudential plc have fallen below 3% triggering this notification.
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14. Contact name:
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Dipesh Varsani / Mark Thomas
M&G Investment Management Limited
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15. Contact telephone number:
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020 7548 3261 / 020 7548 3266
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NOTIFIABLE POSITION REPORT FOR DEVELOPMENT SECS ORD GBP0.50
AS AT 30 OCTOBER 2009
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PERCENTAGE HOLDINGS ARE CALCULATED USING AN ISSUED SHARE CAPITAL OF 82,256,474 ORD GBP0.50 SHARES
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REGISTERED HOLDER
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HOLDING
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%
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PRUDENTIAL PLC
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7,196,318
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8.74
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TOTAL NOTIFIABLE INTEREST
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ORD GBP0.50
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0266846
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7,196,318
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NORTRUST NOMINEE LTD A/C MHF01
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14,748
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NORTRUST NOMINEE LTD A/C MKK01
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4,757,039
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PRUCLT HSBC GIS NOM(UK) PAC AC
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1,220,270
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PRUCLT HSBC GIS NOM(UK) PPL AC
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1,204,261
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HOLDING
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%
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M & G GROUP LIMITED
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7,196,318
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8.74
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ORD GBP0.50
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0266846
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7,196,318
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NORTRUST NOMINEE LTD A/C MHF01
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14,748
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NORTRUST NOMINEE LTD A/C MKK01
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4,757,039
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PRUCLT HSBC GIS NOM(UK) PAC AC
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1,220,270
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PRUCLT HSBC GIS NOM(UK) PPL AC
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1,204,261
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HOLDING
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%
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M&G INVESTMENT MANAGEMENT LIMITED
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7,181,570
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8.73
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ORD GBP0.50
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0266846
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7,181,570
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NORTRUST NOMINEE LTD A/C MKK01
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4,757,039
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PRUCLT HSBC GIS NOM(UK) PAC AC
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1,220,270
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PRUCLT HSBC GIS NOM(UK) PPL AC
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1,204,261
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HOLDING
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%
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M&G LIMITED
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7,196,318
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8.74
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ORD GBP0.50
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0266846
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7,196,318
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NORTRUST NOMINEE LTD A/C MHF01
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14,748
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NORTRUST NOMINEE LTD A/C MKK01
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4,757,039
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PRUCLT HSBC GIS NOM(UK) PAC AC
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1,220,270
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PRUCLT HSBC GIS NOM(UK) PPL AC
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1,204,261
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HOLDING
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%
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M&G SECURITIES LIMITED
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4,771,787
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5.80
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ORD GBP0.50
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0266846
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4,771,787
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NORTRUST NOMINEE LTD A/C MHF01
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14,748
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NORTRUST NOMINEE LTD A/C MKK01
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4,757,039
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This information is provided by RNS
The company news service from the London Stock Exchange END HOLUOORRKRRARAA
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