TR-1(i): NOTIFICATION OF MAJOR INTERESTS IN SHARES
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached (ii):
Braemar Shipping Services Plc
2. Reason for the notification (please state Yes/No): ( )
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 (iii):
Legal & General Group Plc (L&G)
4. Full name of shareholder(s) (if different from 3.) (iv):
Legal & General Assurance (Pensions Management) Limited (PMC)
5. Date of the transaction and date on which the threshold is crossed or reached (v):
01 February 2010
6. Date on which issuer notified:
03 February 2010
7. Threshold(s) that is/are crossed or reached:
L&G (From 3% to 4%)
8. Notified details:
A: Voting rights attached to shares (viii), (ix)
|
Class/type of shares if possible using the ISIN CODE
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Situation previous to the triggering transaction
|
|
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Number of shares
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Number of voting Rights
|
|
Ordinary 10p
|
829,374
(As on 21/08/2009)
|
829,374
(As on 21/08/2009)
|
|
Resulting situation after the triggering transaction
|
|
Class/type of shares if possible using the ISIN CODE
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Number of shares
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Number of voting rights (ix)
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% of voting rights (x)
|
|
|
Direct
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Direct (xi)
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Indirect (xii)
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Direct
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Indirect
|
|
Ordinary 10p
|
843,502
|
843,502
|
|
4.00%
|
|
B: Qualifying Financial Instruments
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Resulting situation after the triggering transaction
|
|
Type of financial instrument
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Expiration date (xiii)
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Exercise/Conversion Period (xiv)
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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
|
|
|
|
|
|
|
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments(xv), (xvi)
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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 (xvii)
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Exercise/
Conversion period (xviii)
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Number of voting rights instrument refers to
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% of voting rights (xix), (xx)
|
|
|
|
|
|
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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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% of voting rights
|
|
843,502
|
4.00%
|
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable (xxi):
Legal & General Group Plc (Direct and Indirect) (Group)
Legal & General Investment Management (Holdings) Limited (LGIMH) (Direct and Indirect)
Legal & General Investment Management Limited (Indirect) (LGIM)
Legal & General Group Plc (Direct) (L&G) (843,502 - 4.00%= LGAS, LGPL & PMC)
Legal & General Investment Management (Holdings) Limited (Direct) (LGIMHD) (775,329 - 3.67%= PMC)
Legal & General Insurance Holdings Limited (Direct) (LGIH)
Legal & General Assurance (Pensions Management) Limited (PMC) (775,329 - 3.67%= PMC)
Legal & General Assurance Society Limited (LGAS & 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 of21,070,518
14. Contact name:
Helen Lewis (LGIM)
15. Contact telephone number:
020 3124 3851