TR-1: Notification of Major Interest in Shares

 

TIDMBPD 
 
RNS Number : 2948Q 
Bulgarian Property DevelopmentsPLC 
07 April 2009 
 

FOR IMMEDIATE RELEASE 
07 APRIL 2009 
 
 
 
 
Bulgarian Property Developments PLC 
 
 
 
 
Form TR-1 with annex. FSA Version 2.1 updated April 2007 
 
 
+-----------------------------------------+ 
| For filings with the FSA include the    | 
| annex                                   | 
| For filings with issuer exclude the     | 
| annex                                   | 
+-----------------------------------------+ 
 
 
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| TR-1: Notifications of Major Interests in Shares                            | 
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+----------------------------------------+---------------+---------------+----------+ 
| 1. Identity of the issuer or the underlying issuer of  | Bulgarian Property       | 
| existing shares to which voting rights are attached:   | Developments Plc         | 
+--------------------------------------------------------+--------------------------+ 
| 2. Reason for notification (yes/no)                                               | 
+-----------------------------------------------------------------------------------+ 
| An acquisition or disposal of voting rights                            | Yes      | 
|                                                                        | disposal | 
+------------------------------------------------------------------------+----------+ 
| 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) subject to   |        European Asset Value Fund         | 
| notification obligation:               |                                          | 
+----------------------------------------+------------------------------------------+ 
| 4. Full name of shareholder(s) (if     |             Pictet Nominees              | 
| different from 3):                     |                                          | 
+----------------------------------------+------------------------------------------+ 
| 5. Date of transaction (and date on    |              6 April 2009                | 
| which the threshold is crossed or      |                                          | 
| reached if different):                 |                                          | 
+----------------------------------------+------------------------------------------+ 
| 6. Date on which issuer notified:      |              7 April 2009                | 
+----------------------------------------+------------------------------------------+ 
| 7. Threshold(s) that is/are crossed or |                    3%                    | 
| reached:                               |                                          | 
+----------------------------------------+------------------------------------------+ 
| 8. Notified details:                   |                                          | 
+----------------------------------------+---------------+---------------+----------+ 
 
 
 
 
 
 
 
 
 
 
 
 
+-------------+-----------+-----------+----------+----------+----------+----------+----------+ 
| A: Voting rights attached to shares                                                        | 
|                                                                                            | 
+--------------------------------------------------------------------------------------------+ 
| Class/type  | Situation previous    | Resulting situation after the triggering transaction | 
| of shares   | to the triggering     |                                                      | 
| If          | transaction           |                                                      | 
| possible    |                       |                                                      | 
| use ISIN    |                       |                                                      | 
| code        |                       |                                                      | 
+             +-----------------------+------------------------------------------------------+ 
|             | Number    | Number    | Number   | Number of voting    | Percentage of       | 
|             | of        | of        | of       | rights              | voting rights       | 
|             | shares    | voting    | shares   |                     |                     | 
|             |           | rights    |          |                     |                     | 
+             +           +           +----------+---------------------+---------------------+ 
|             |           |           | Direct   | Direct   | Indirect | Direct   | Indirect | 
+-------------+-----------+-----------+----------+----------+----------+----------+----------+ 
| B00B058TT05 | 3,536,217 | 3,536,217 | 0        | 0        | 0        | 0%       | 0%       | 
| Ordinary    |           |           |          |          |          |          |          | 
| shares      |           |           |          |          |          |          |          | 
+-------------+-----------+-----------+----------+----------+----------+----------+----------+ 
 
 
+---------------+---------------+---------------+----------------------+---------------+ 
| B: Financial Instruments                                                             | 
|                                                                                      | 
+--------------------------------------------------------------------------------------+ 
| Resulting situation after the triggering transaction                                 | 
|                                                                                      | 
+--------------------------------------------------------------------------------------+ 
| Type of       | Expiration    | Exercise/     | No. of voting        | Percentage of | 
| financial     | date          | conversion    | rights that          | voting rights | 
| instrument    |               | period/date   | may be               |               | 
|               |               |               | acquired (if         |               | 
|               |               |               | the                  |               | 
|               |               |               | instrument           |               | 
|               |               |               | exercised/converted) |               | 
+---------------+---------------+---------------+----------------------+---------------+ 
| N/A           |               |               |                      |               | 
+---------------+---------------+---------------+----------------------+---------------+ 
 
 
 
 
+--------------------------------------+--------------------------------------+ 
| Total (A+B)                                                                 | 
|                                                                             | 
+-----------------------------------------------------------------------------+ 
| Number of voting rights              | Percentage of voting rights          | 
+--------------------------------------+--------------------------------------+ 
| 0                                    | 0%                                   | 
+--------------------------------------+--------------------------------------+ 
 
 
+-----------------------------------------------------------------------------+ 
| 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:          | 020 7647 2919                        | 
|                                      |                                      | 
+--------------------------------------+--------------------------------------+ 
 
 
For notes on how to complete form TR-1 please see the FSA website. 
Note: Annex should only be submitted to the FSA not the issuer 
 
 
+-----------------------------------------------------------------------------+ 
| Annex: Notification of major interests in shares                            | 
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+--------------------------------------+--------------------------------------+ 
| A: Identity of the persons or legal entity subject to the notification      | 
| obligation                                                                  | 
+-----------------------------------------------------------------------------+ 
| Full name                            |                                      | 
| (including legal form of legal       |                                      | 
| entities)                            |                                      | 
|                                      |                                      | 
+--------------------------------------+--------------------------------------+ 
| Contact address                      |                                      | 
| (registered office for legal         |                                      | 
| entities)                            |                                      | 
|                                      |                                      | 
+--------------------------------------+--------------------------------------+ 
| Phone number & email                 |                                      | 
|                                      |                                      | 
+--------------------------------------+--------------------------------------+ 
| Other useful information             |                                      | 
| (at least legal representative for   |                                      | 
| legal persons)                       |                                      | 
|                                      |                                      | 
+--------------------------------------+--------------------------------------+ 
 
 
+--------------------------------------+--------------------------------------+ 
| B: Identity of the notifier, if applicable                                  | 
+-----------------------------------------------------------------------------+ 
| Full name                            |                                      | 
|                                      |                                      | 
+--------------------------------------+--------------------------------------+ 
| Contact address                      |                                      | 
|                                      |                                      | 
+--------------------------------------+--------------------------------------+ 
| Phone number & email                 |                                      | 
|                                      |                                      | 
+--------------------------------------+--------------------------------------+ 
| Other useful information             |                                      | 
| (e.g. functional relationship with   |                                      | 
| the person or legal entity subject   |                                      | 
| to the notification obligation)      |                                      | 
+--------------------------------------+--------------------------------------+ 
 
 
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| C: Additional information                                                   | 
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|                                                                             | 
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This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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