Property Recyling Group plc: Holding(s) in Company | Company Announcements

Tuesday 15 December, 2009

Property Recyling Group plc

Holding(s) in Company





+-------------------------------------------------------------------+
| Property Recycling Group plc has received the following           |
| notification:                                                     |
|                                                                   |
|-------------------------------------------------------------------|
| TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES                    |
|-------------------------------------------------------------------|
|                                           |                       |
|-------------------------------------------+-----------------------|
| 1. Identity of the issuer or the          |                       |
| underlying issuer                         |    Property Recycling |
| of existing shares to which voting rights |             Group plc |
| are                                       |                       |
| attached:                                 |                       |
|-------------------------------------------------------------------|
| 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 | Pershing Nominees Limited A/C |
| to the                            |                         MDCLT |
| notification obligation:          |                               |
|-----------------------------------+-------------------------------|
| 4. Full name of shareholder(s)    |        The Directors' Dealing |
|  (if different from 3.):          |          Investment Trust plc |
|-----------------------------------+-------------------------------|
| 5. Date of the transaction and    |                               |
| date on                           |              15 December 2009 |
| which the threshold is crossed or |                               |
| reached:                          |                               |
|-----------------------------------+-------------------------------|
| 6. Date on which issuer notified: |              15 December 2009 |
|-----------------------------------+-------------------------------|
| 7. Threshold(s) that is/are       |                               |
| crossed or                        |                  15 per cent. |
| reached:                          |                               |
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+-------------------------------------------------------------------------------------------------+
|8. Notified details:                                                                             |
|-------------------------------------------------------------------------------------------------|
|A: Voting rights attached to shares                                                              |
|-------------------------------------------------------------------------------------------------|
|Class/type of |Situation previous         |Resulting situation after the triggering transaction  |
|shares        |to the triggering          |                                                      |
|if possible   |transaction                |                                                      |
|using         |---------------------------+------------------------------------------------------|
|the ISIN CODE |Number         |Number     |Number     |Number of voting      |% of  voting rights|
|              |of             |of         |of shares  |rights                |x                  |
|              |Shares         |Voting     |-----------+----------------------+-------------------|
|              |               |Rights     |Direct     |Direct     |Indirect  |Direct  |Indirect  |
|--------------+---------------+-----------+-----------+-----------+----------+--------+----------|
| GB00B09G4F14 |               |           |           |           |          |        |          |
|--------------|   5,291,279   | 5,291,279 | 5,431,279 | 5,431,279 |          | 15.0%  |          |
|              |               |           |           |           |          |        |          |
|-------------------------------------------------------------------------------------------------|
|                                                                                                 |
|-------------------------------------------------------------------------------------------------|
|B: Qualifying Financial Instruments                                                              |
|-------------------------------------------------------------------------------------------------|
|Resulting situation after the triggering transaction                                             |
|-------------------------------------------------------------------------------------------------|
|Type of financial    |Expiration      |Exercise/             |Number of voting    |% of voting   |
|instrument           |date            |Conversion Period     |rights that may be  |rights        |
|                     |                |                      |acquired if the     |              |
|                     |                |                      |instrument is       |              |
|                     |                |                      |exercised/          |              |
|                     |                |                      |converted.          |              |
|---------------------+----------------+----------------------+--------------------+--------------|
|                     |                |                      |                    |              |
|-------------------------------------------------------------------------------------------------|
|                                                                                                 |
|-------------------------------------------------------------------------------------------------|
|                                                                                                 |
|-------------------------------------------------------------------------------------------------|
|Total (A+B)                                                                                      |
|-------------------------------------------------------------------------------------------------|
|Number of voting rights                          |Percentage of voting rights                    |
|-------------------------------------------------+-----------------------------------------------|
|5,431,279                                        |15.0 per cent.                                 |
+-------------------------------------------------------------------------------------------------+



+-------------------------------------------------------------------+
| 9. Chain of controlled undertakings through which the voting      |
| rights and/or the                                                 |
| financial instruments are effectively held, if applicable: xxi    |
|-------------------------------------------------------------------|
|                                                                   |
|                                                                   |
|-------------------------------------------------------------------|
|                                                                   |
|-------------------------------------------------------------------|
| Proxy Voting:                                                     |
|-------------------------------------------------------------------|
| 10. Name of the 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:                  |                    |
|----------------------------------------------+--------------------|
| 14. Contact name:                            | David Rodrigues    |
|----------------------------------------------+--------------------|
| 15. Contact telephone number:                | 0044 161 242 2895  |
+-------------------------------------------------------------------+

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