REG - Barratt Developments - Holding(s) in Company

Fri Aug 31, 2012 11:50am EDT

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RNS Number : 2760L
Barratt Developments PLC
31 August 2012
 




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]:

BARRATT DEVELOPMENTS 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

N/A

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

N/A

An event changing the breakdown of voting rights

N/A

Other (please specify):

N/A

3. Full name of person(s) subject to the notification obligation[iii]:

RUFFER LLP (for its discretionary clients)

4. Full name of shareholder(s) (if different from 3.)[iv]:


5. Date of the transaction and date on which the threshold is crossed or reached[v]:

29 August 2012

6. Date on which issuer notified:

31 August 2012

7. Threshold(s) that is/are crossed or reached:

5% to 4%

 

 

 

 

 

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 [vi]

Resulting situation after the triggering transaction[vii]

Number of Shares

Number of Voting Rights viii

Number of shares

Number of voting rights ix

% of voting rights


Direct  x

Indirect xi

Direct

Indirect

ORDINARY

GB0000811801

48,811,869

48,811,869

46,887,233

46,887,233

-

4%

-









 

B: Financial Instruments

Resulting situation after the triggering transaction xii

Type of financial instrument

Expiration date xiii

Exercise/ Conversion  Period/ Date xiv

Number of voting rights that may be acquired if the instrument is exercised/ converted.

% of voting rights

N/A

    

    

    


 

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction xii

Type of financial instrument

Expiration price xiii

Expiration date xvii

Exercise/ Conversion  Period xviii

Number of voting rights instrument refers to

% of voting rights xix xx

N/A





Nominal

Delta



 

 

Total (A+B+C)

Number of voting rights

% of voting rights

46,887,233

4%

 

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:

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:

Ruffer LLP now controls the voting rights over 46,887,233 shares (4% of the voting rights) of Barratt Developments PLC, which are held by Ruffer's discretionary clients.

This decrease from 5% to 4% is due to the net sale of 1,924,636 shares on 29 August 2012.

14. Contact name:

Mr Tom Keevil

Group General Counsel & Company Secretary

of Barratt Developments PLC

15. Contact telephone number:

01530 278278

 

Notes to the Forms


 [i]            This form is to be sent to the issuer or underlying issuer and to be filed with the competent authority.

[ii]               Either the full name of the legal entity or another method for identifying the issuer or underlying issuer, provided it is reliable and accurate.

[iii]              This should be the full name of (a) the shareholder; (b) the natural person or legal entity acquiring, disposing of or exercising voting rights in the cases provided for in DTR5.2.1 (b) to (h);  (c) all the parties to the agreement referred to in DTR5.2.1 (a), or (d) the holder of financial instruments entitled to acquire shares already issued to which voting rights are attached, as appropriate.

In relation to the transactions referred to in points DTR5.2.1 (b) to (h) , the following list is provided as indication of the persons who should be mentioned:

-               in the circumstances foreseen in  DTR5.2.1 (b), the natural person or legal entity that acquires the voting rights and is entitled to exercise them under the agreement and the natural person or legal entity who is transferring temporarily for consideration the voting rights;

-               in the circumstances foreseen in DTR 5.2.1 (c), the natural person or legal entity holding the collateral, provided the person or entity controls the voting rights and declares its intention of exercising them, and natural person or legal entity lodging the collateral under these conditions;

-               in the circumstances foreseen in DTR5.2.1(d), the natural person or legal entity who has a life interest in shares if that person or entity is entitled to exercise the voting rights attached to the shares and the natural person or legal entity who is disposing of the voting rights when the life interest is created;

-               in the circumstances foreseen in DTR5.2.1 (e), the controlling natural person or legal entity and, provided it has a notification duty at an individual level under DTR 5.1, under DTR5.2.1 (a) to (d) or under a combination of any of those situations, the controlled undertaking;

-               in the circumstances foreseen in DTR5.2.1 (f), the deposit taker of the shares, if he can exercise the voting rights attached to the shares deposited with him at his discretion, and the depositor of the shares allowing the deposit taker to exercise the voting rights at his discretion;

-               in the circumstances foreseen in DTR5.2.1 (g), the natural person or legal entity that controls the voting rights;

-               in the circumstances foreseen in DTR5.2.1 (h), the proxy holder, if he can exercise the voting rights at his discretion, and the shareholder who has given his proxy to the proxy holder allowing the latter to exercise the voting rights at his discretion.

[iv]              Applicable in the cases provided for in DTR 5.2.1 (b) to (h). This should be the full name of the shareholder who is the counterparty to the natural person or legal entity referred to in DTR5.2 unless the holdings of the shareholder would be lower than 5% of the total number of voting rights.

[v]              The date of the transaction should normally be, in the case of an on exchange transaction, the date on which the matching of orders occurs; in the case of an off exchange transaction, date of the entering into an agreement. 

The date on which threshold is crossed should normally be the date on which the acquisition, disposal or possibility to exercise voting rights takes effect. For passive crossings, the date when the corporate event took effect.

[vi]             Please refer to the situation disclosed in the previous notification, In case the situation previous to the triggering transaction was below 5%, please state 'below 5%'.

vii If the holding has fallen below the minimum threshold , the notifying party should not be obliged to disclose the extent of the holding, only that the new holding is less than 5%.

For the case provided for in DTR5.2.1(a), there should be no disclosure of individual holdings per party to the agreement unless a party individually crosses or reaches an Article 9 threshold. This applies upon entering into, introducing changes to or terminating an agreement.

viii                   Direct and indirect

ix              In case of combined holdings of shares with voting rights attached 'direct holding' and voting rights 'indirect holdings', please split the voting rights number and percentage into the direct and indirect columns-if there is no combined holdings, please leave the relevant box blank.

X              Voting rights to shares held by notifying party (DTR 5.1)

xi                     Voting rights held by the notifying party independently of any holding of shares (DTR 5.2.1)

xii             If the holding has fallen below the minimum threshold, the notifying party should not be obliged to disclose the extent of the holding, only that the new holding is below 5%.

xiii             date of maturity / expiration of the finical instrument i.e. the date when the right to acquire shares ends.

xiv                   If the financial instrument has such a period-please specify the period- for example once every three months starting form the [date]

xv             The notification should include the name(s) of the controlled undertakings through which the voting rights are held. The notification should also include the amount of voting rights and the percentage held by each controlled undertaking, insofar as individually the controlled undertaking holds 5% or more, and insofar as the notification by the parent undertaking is intended to cover the notification obligations of the controlled undertaking.

xvi             This annex is only to be filed with the competent authority.

xvii            Whenever another person makes the notification on behalf of the shareholder or the natural person/legal entity  referred to in DTR5.2 and DTR5.3.

 


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