Holding(s) in Company

    RNS Number : 8032C
  Bulgarian Property DevelopmentsPLC
  05 September 2008
   

    FOR RELEASE                
    7.00 AM        
    5 SEPTEMBER 2008


    Bulgarian Property Developments PLC


    The Company received notice of the following notifiable interest on 4 September 2008.

                         TR-1: Notifications of Major Interests in Shares
 1. Identity of the issuer or the underlying issuer    BULGARIAN PROPERTY DEVELOPMENTS PLC 
 of existing shares to which voting rights are
 attached:

 2. Reason for notification (yes/no)
                                                                             YES Acquisition
 An acquisition or disposal of voting rights
 An acquisition or disposal of financial instruments which may result in
 the acquisition of shares already issued to which voting rights are
 attached 
 An event changing the breakdown of voting rights
 Other (please specify):______________

 3. Full name of person(s)                                  * European Asset Value Fund 3,536,217
 subject to notification
 obligation:

 4. Full name of shareholder(s)                                    * Pictet Nominees 3, 536,217  
 (Registered Holders)

 5. Date of transaction (and     20 August 2008
 date on which the threshold is
 crossed or reached if
 different):

 6. Date on which issuer         21 August 2008
 notified:

 7. Threshold(s) that is/are     3%
 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 transaction
 If possible use ISIN  transaction
 code
                       Number of shares      Number of voting      Number of shares  Number of voting       Percentage of voting
                                             rights                                  rights                 rights

                                                                                     Direct  Indirect       Direct        Indirect

 GB00B058TT05    3,234,765    3,234,765   3,536,217   3,536,217     0           3.27%  0%
 Ordinary Shares

      
 B: Financial Instruments

 Resulting situation after the triggering transaction

 Type of financial instrument  Expiration date  Exercise/ conversion  No. of voting rights  Percentage of voting
                                                period/date           that may be acquired  rights
                                                                      (if the instrument
                                                                      exercised/converted)
  
   N / A  


 Total (A+B)

 Number of voting rights  Percentage of voting rights
    3,536,217                3.27%  

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

 Pictet Nominees acts as custodian for The European Asset Value Fund 


 Proxy Voting:

 10. Name of 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:  Asset Value Investors acts as discretionary
                              manager for all funds mentioned in 3. 
 14 Contact name:             Asset Value Investors Limited
                              Daniel Sadler
 15. Contact telephone name:  0207 647 2919




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