Holding(s) in Company

RNS Number : 8777T

London & Stamford Property PLC

05 October 2010

 



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:

London & Stamford Property Plc

2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights
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):	Scheme of Arrangement (see additional information in section 13).	Yes

3. Full name of person(s) subject to the notification obligation:	Electra Partners LLP
4. Full name of shareholder(s) (if different from 3.):	Electra Private Equity Partners 2006 Scottish LP
5. Date of the transaction and date on which the threshold is crossed or reached:	1 October 2010
6. Date on which issuer notified:	4 October 2010
7. Threshold(s) that is/are crossed or reached:	5% - see 13 below

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
GB00B4WFW713 Ordinary 10p Shares	-	-	30,000,000	-	30,000,000	-	5.5%

B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument	Expiration date	Exercise/ Conversion Period	Number of voting rights that may be acquired if the instrument is exercised/ converted.	% of voting rights
N/A	N/A	N/A	N/A	N/A

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
N/A	N/A	N/A	N/A	N/A	Nominal	Delta
					N/A	N/A

Total (A+B+C)
Number of voting rights	Percentage of voting rights
30,000,000	5.5%

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

-

Proxy Voting:
10. Name of the 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:	Electra Partners LLP is the manager of Electra Private Equity Partners 2006 Scottish LP.  The registered holder of the shares is Paternoster Nominees Limited.  Following the establishment of the new holding company of London & Stamford Property Limited (LSPL) called London & Stamford Property Plc (L&S), effective 1 October 2010, Electra Private Equity Partners 2006 Scottish LP received 30,000,000 ordinary 10p shares in L&S (5.5% of the issued ordinary shares) as consideration for its previous holding of the same number of shares in LSPL.  The above numbers are based on an issued share capital of 545,795,171.
14. Contact name:	PJ Dyke, Electra Partners LLP, Manager of Electra Private Equity Partners 2006 Scottish LP
15. Contact telephone number:	020 7214 4200

 

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