Songbird Estates PLC TR-1: Notification of major interest in shares (6318F)

TIDMSBD

RNS Number : 6318F

Songbird Estates PLC

23 February 2015

Songbird Estates plc (the "Company" and "Songbird")

Ordinary Shares of 10 pence each ("Ordinary Shares")

ISIN code GB00B4MTF637

For immediate release

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
-------------------------------------------------- 
 
 
 
 1. Identity of the issuer or the underlying                Songbird Estates plc 
  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                                       x 
------------------------------------------------------------------------------  ------- 
 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                          Morgan Stanley 
  to the                                          (Institutional Securities Group and 
  notification obligation: (iii)                       Global Wealth Management) 
--------------------------------------------  ----------------------------------------- 
 4. Full name of shareholder(s) 
  (if different from 3.):(iv) 
--------------------------------------------  ----------------------------------------- 
 5. Date of the transaction and date                          12/02/2015 
  on 
  which the threshold is crossed 
  or 
  reached: (v) 
--------------------------------------------  ----------------------------------------- 
 6. Date on which issuer notified:                            20/02/2015 
--------------------------------------------  ----------------------------------------- 
 7. Threshold(s) that is/are crossed 
  or 
  reached: (vi, vii)                                    8%, 7%, 6%, 5%, 4%, 3% 
--------------------------------------------  ----------------------------------------- 
 
 
 
 8. Notified details: 
------------------------------------------------------------------------------------------------------------------------------------ 
 A: Voting rights attached to shares (viii, ix) 
------------------------------------------------------------------------------------------------------------------------------------ 
 Class/type       Situation previous                             Resulting situation after the triggering 
  of               to the triggering                              transaction 
  shares           transaction 
 
  if possible 
  using 
  the ISIN CODE 
---------------  ---------------------------------------------  -------------------------------------------------------------------- 
                  Number              Number                     Number   Number of voting           % of voting rights 
                   of                  of                        of        rights                     (x) 
                   Shares              Voting                    shares 
                                       Rights 
---------------  ------------------  -------------------------  -------  -------------------------  -------------------------------- 
                                                                 Direct   Direct          Indirect   Direct       Indirect 
                                                                           (xi)            (xii) 
---------------  ---  ---  --------  -------  ----  ----------  -------  --------------  ---------  -----------  ------------------- 
                                                                 Below 
   GB00B4MTF637     67,882,677          67,882,677               3%       Below 3%                   Below 3% 
---------------  ------------------  -------------------------  -------  --------------  ---------  -----------  ------------------- 
 B: Qualifying Financial Instruments 
------------------------------------------------------------------------------------------------------------------------------------ 
 Resulting situation after the triggering transaction 
------------------------------------------------------------------------------------------------------------------------------------ 
 Type of financial          Expiration         Exercise/                         Number of voting                % of voting 
  instrument                 date (xiii)        Conversion Period                 rights that may                 rights 
                                                (xiv)                             be 
                                                                                  acquired if the 
                                                                                  instrument is 
                                                                                  exercised/ converted. 
-------------------------  -----------------  --------------------------------  ------------------------------  -------------------- 
 
 
 C: Financial Instruments with similar economic effect to Qualifying Financial 
  Instruments (xv, xvi) 
------------------------------------------------------------------------------------------------------------------------------------ 
 Resulting situation after the triggering transaction 
------------------------------------------------------------------------------------------------------------------------------------ 
 Type of financial     Exercise       Expiration     Exercise/            Number of voting                 % of voting rights 
  instrument            price          date (xvii)    Conversion           rights instrument                (xix, xx) 
                                                      period               refers to 
                                                      (xviii) 
--------------------  -------------  -------------  -------------------  -------------------------------  -------------------------- 
                                                                                                           Nominal             Delta 
--------------------  -------------  -------------  -------------------  -------------------------------  ------------------  ------ 
 
 Total (A+B+C) 
------------------------------------------------------------------------------------------------------------------------------------ 
 Number of voting rights                                         Percentage of voting rights 
--------------------------------------------------------------  -------------------------------------------------------------------- 
                                                                 Below 3% 
   Below 3% 
--------------------------------------------------------------  -------------------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the 
  financial instruments are effectively held, if applicable: (xxi) 
------------------------------------------------------------------------------------ 
 
 10. Name of the proxy holder:                                      N/A 
----------------------------------------------------  ------------------------------ 
 11. Number of voting rights proxy holder will                      N/A 
  cease 
  to hold: 
----------------------------------------------------  ------------------------------ 
 12. Date on which proxy holder will cease to                       N/A 
  hold 
  voting rights: 
----------------------------------------------------  ------------------------------ 
 
  13. Additional information:                Morgan Stanley has ceased to hold 
                                             a notifiable interest in the shares 
                                             of Songbird Estates Plc further to 
                                             MSREF IV and MSRESS Co-Investment 
                                             accepting the offer made by the Qatar 
                                             Investment Authority and Brookfield 
                                             Property Partners L.P. 
----------------------------------------  ------------------------------------------ 
 14. Contact name:                         Craig Horsley 
----------------------------------------  ------------------------------------------ 
 15. Contact telephone number:             0141 245 7736 
----------------------------------------  ------------------------------------------ 
 
 

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