RNS Number : 7658H
Barratt Developments PLC
26 February 2010
TR-1[i]: notification of major interests in shares
1. Identity of the issuer or BARRATT DEVELOPMENTS PLC
the underlying issuer of
existing shares to which
voting rights are
attached[ii]:
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 N/A
instruments which may result in the acquisition of
shares already issued to which voting rights are
attached
An acquisition or disposal of instruments with N/A
similar economic effect to qualifying financial
instruments
An event changing the breakdown of voting rights N/A
Other (please specify): N/A
3. Full name of person(s) CREDIT SUISSE GROUP AG
subject to the notification
obligation[iii]:
4. Full name of CREDIT SUISSE SECURITIES (EUROPE) LTD
shareholder(s)(if different CREDIT SUISSE ASSET MANAGEMENT LLC
from 3.)[iv]: CREDIT SUISSE SECURITIES (USA) LLC
5. Date of the transaction and 25 FEBRUARY 2010
date on which the threshold is
crossed or reached[v]:
6. Date on which issuer 26 FEBRUARY 2010
notified:
7. Threshold(s) that is/are 5%
crossed or reached:
8. Notified details:
A: Voting rights attached to shares
Class/type of shares Situation previous to the Triggering Resulting situation after the triggering
if possible using the transaction[vi] transaction[vii]
ISIN CODE
Number of Shares Number of Voting Rightsviii Number of shares Number of voting % of voting
rightsix rights
Direct x Indirectxi Direct Indirect
ORDINARY Not Reportable Not Reportable N/A N/A 50,633,123 N/A 5.24%
GB0000811801
B: Financial Instruments
Resulting situation after the triggering transactionxii
Type of financial instrument Expiration Exercise/ Conversion Number of voting % of voting rights
datexiii Period/ Datexiv rights that may be
acquired if the
instrument is
exercised/
converted.
N/A
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi
Resulting situation after the triggering transactionxii
Type of financial instrument Expiration Expiration Exercise/ Conversion Number of voting % of voting
pricexiii datexvii Periodxviii rights instrument rightsxix xx
refers to
N/A Nominal Delta
Total (A+B+C)
Number of voting rights % of voting rights
50,633,213 5.24%
9. Chain of controlled undertakings through which the voting rights and/or
the financial instruments are effectively held, if applicablexxi:
1. CREDIT SUISSE GROUP AG
2. CREDIT SUISSE AG
2.1 CREDIT SUISSE SECURITIES (EUROPE) LTD
2.2 CREDIT SUISSE SECURITIES (USA) LLC
3. Credit Suisse Asset Management LLC
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:
14. Contact name: Mr Laurence Dent
Group General Counsel & Company Secretary
of Barratt Developments PLC
15. Contact telephone number: 01530 278278
Notes to the Forms
<HR>--------------------------------------- [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.
This information is provided by RNS
The company news service from the London Stock Exchange
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