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Barratt Developments (BDEV)

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Friday 06 November, 2009

Barratt Developments

Holding(s) in Company

RNS Number : 1583C
Barratt Developments PLC
06 November 2009
 




TR-1:  notification of major interests in shares 


1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

Barratt Developments 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

N/A

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

N/A

An event changing the breakdown of voting rights

N/A

Other (please specify): Please see Box 13 ("Additional Information"), below.

N/A

3. Full name of person(s) subject to the notification obligation:

TREMBLANT CAPITAL LP

TREMBLANT ASSET MANAGEMENT LP

4. Full name of shareholder(s) (if different from 3.):

TREMBLANT PARTNERS MASTER FUND LP

TREMBLANT PARTNERS LP

TREMBLANT CONCENTRATED MASTER FUND LP

TREMBLANT CONCENTRATED FUND LP

5. Date of the transaction and date on which the threshold is crossed or reached:

4 NOVEMBER 2009

6. Date on which issuer notified:

6 NOVEMBER 2009

7. Threshold(s) that is/are crossed or reached:

Below 3%, 4% and 5%. See point 13 for additional information




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 viii

Number of shares 

Number of voting rights ix

% of voting rights


Direct  x

Indirect xi

Direct

Indirect

ORDINARY

GB0000811801

Below 3%

Below 3%



Below 3%


Below 3%


B: Financial Instruments

Resulting situation after the triggering transaction xii

Type of financial instrument 

Expiration date xiii

Exercise/ Conversion Period/ Date xiv 

Number of voting rights that may be acquired if the instrument is exercised/ converted. 

% of voting rights

N/A   

   

   

   

   



C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction xii

Type of financial instrument 

Expiration price xiii

Expiration date xvii

Exercise/ Conversion Period xviii

Number of voting rights instrument refers to

% of voting rights xix xx

Contract for Differences 

  N/A 

N/A

 N/A  

Below 3%

Nominal

Delta


Below 3%





Total (A+B+C)

Number of voting rights

% of voting rights

24,357,251

2.52%


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

The shares of Barratt Developments PLC, and the financial instruments relating to such shares, are held by Tremblant Partners Master Fund LP, Tremblant Partners LP, Tremblant Concentrated Master Fund LP, and Tremblant Concentrated Fund LP.

Tremblant Capital LP is the investment manager of Tremblant Partners Master Fund LP and Tremblant Partners LP, and has been granted full discretion to exercise the voting rights relating to the shares and financial instruments held by these funds under the related investment management agreements.

Tremblant Asset Management LP is the investment manager of Tremblant Concentrated Master Fund LP and Tremblant Concentrated Fund LP, and has been granted full discretion to exercise the voting rights relating to the shares and financial instruments held by these funds under the related investment management agreements.

Mr. Brett Barakett is the managing member of the general partners of each of Tremblant Capital LP and Tremblant Asset Management LP, and therefore has an indirect interest in all of the voting rights which are the subject of this notification.



Proxy Voting:

10. Name of the proxy holder:

N/A

11. Number of voting rights proxy holder will cease to hold:

N/A

12. Date on which proxy holder will cease to hold voting rights:

N/A


13. Additional information:

As required by DTR 5.8.8, the percentage of voting rights of 2.52% used in this announcement includes voting rights and financial instruments with similar economic effect to qualifying financial instruments with respect to the recent completed rights issue, and was calculated using the number of voting rights in existence at 4 November 2009, being Barratt Developments PLC's (the "Company") most recent disclosure made on 4 November 2009 (965,159,775 ordinary shares).

14. Contact name:

Mr Laurence Dent

Group General Counsel & Company Secretary

of Barratt Developments PLC

15. Contact telephone number:

01530 278278


Notes to the Forms 


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