Holding(s) in Company

25th July 2011
RNS Number : 9994K
Real Estate Investors PLC
25 July 2011
 

 

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:

Real Estate Investors 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


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:

Ruffer LLP (for its discretionary clients)

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


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

19 July 2011  

6. Date on which issuer notified:

20 July 2011 

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

4% to 12%



 

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

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

GB00B014B855

24,728,024

24,728,024

85,704,718

85,704,718

–

12.00

–

GB00B45XLP34



8,570,471

8,570,471


12.00



B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial
instrument

Expiration
datei

Exercise/
Conversion Period

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

% of voting
rights







C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial
instrument

Exercise price

Expiration date

Exercise/
Conversion period

Number of voting rights instrument refers to

 

% of voting rights

 





 

 

Nominal

Delta




Total (A+B+C)

Number of voting rights

Percentage of voting rights

85,704,718 (8,570,471 after the consolidation  on  20 July 2011)

12%



 

9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:

 

N/A


Proxy Voting:

10. Name of the proxy holder:

N/A

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:


Ruffer LLP now controls the voting rights over 85,704,718 shares (12% of the voting rights) of Real Estate Investors Plc.

 

The change in percentage voting rights is due to Ruffer LLP’s clients purchasing of an aggregate of 60,976,694 shares from Real Estate Investors Plc’s placing of 218,181,821 shares. As a result our percentage voting rights increased from 4% to 12%. These new shares were admitted to trading on 19 July 2011.

 

Please note that on 20 July 2011 the Real Estate Investors Plc had a corporate event which resulted in holders getting 1 new share for every 10 old ones. This changed Ruffer LLP’s control of voting rights from 85,704,718 old shares to 8,570,471 new shares.

14. Contact name:

Louise Stanway

15. Contact telephone number:

020 7963 8146

 

This information is provided by RNS
The company news service from the London Stock Exchange
 

END

 
 

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