Holding(s) in Company

RNS Number : 3581K

Real Estate Investors PLC

15 April 2015

 

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:			Real Estate Investors Plc
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 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 to the notification obligation:		Ruffer LLP (for its discretionary clients of the Ruffer Group)
4. Full name of shareholder(s)  (if different from 3.):
5. Date of the transaction and date on which the threshold is crossed or reached:		14 April 2015
6. Date on which issuer notified:		15 April 2015
7. Threshold(s) that is/are crossed or reached:		14% to 11%

 

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

GB00B45XLP34

15,598,883

15,598,883

20,598,883

20,598,883

-

11%

-

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

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

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

20,598,883

11%

 

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:		N/A
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:	Ruffer LLP now controls the voting rights over 20,598,883 shares (11% of the voting rights) of Real Estate Investors Plc which are held by the discretionary clients of Ruffer LLP and its subsidiaries (the voting of which is all controlled by Ruffer LLP). This change from 14% to 11% is due to a recent placing of 75,000,000 shares in which Ruffer LLP purchased 5,000,000 new shares. The new shares were admitted to the market on 14 April 2015.
14. Contact name:	Louise Stanway
15. Contact telephone number:	020 7963 8146

 

END

 

 

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