Holding(s) in Company

RNS Number : 3039H
Local Shopping REIT (The) PLC
17 February 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:

 

The Local Shopping REIT 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

X

Other (please specify):

 

The Pension fund ABP (Stichting Pensloenfonds ABP) separated its pension fund from its investment and administrative organisation in 2008.  For the investment and administrative organisation a new legal entity, APG Algemene Pensioen Groep N.V. ("APG") was established, eventually 98% owned by ABP and effectively only managing ABP's assets.

 

APG established a multi-client structure to offer other Dutch pension funds ("Clients") the opportunity to benefit from the investment management expertise APG has developed in performing its services, as well as to diversify their portfolio assets and benefit from economies of scale by pooling their assets with other Clients in several new investment pools.

 

According to the EU Transparency Directive with regard to the notification of substantial shareholding, APG as an asset manager - within the new mulit-client structure - has an obligation to report substantial shareholdings as agent / attorney-in-fact for all its Clients on an aggregated basis.  Effectively, assets of ABP and other Clients are managed by APG in this new structure.  Notifications of substantial shareholding are therefore made by and behalf of APG.  Future notifications will also be based on the aggregated portfolio of assets managed by APG.

 

APG is 98% owned by ABP.  Consequently ABP will report APG's position as an indirect position.

 

 

 

X

 

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

 

 Stichting Pensioenfonds ABP

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

 

 Please find additional information under 2

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

 

 15 January, 2009

6. Date on which issuer notified:

 

 17 February, 2010

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

 

 3%

 

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

 GB00B1VS7G47

2,830,000

2,830,000

2,477,436


2,477,436


3.00


 

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

 2,477,436

3.00%

 

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:

 


14. Contact name:

 

Bill Heaney

Company Secretary

15. Contact telephone number:

 

 020 7292 0333

 


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