REG - South African Prop. - Holding(s) in Company

28 Jan 2010

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RNS Number : 2650G
South African Property Opps PLC
28 January 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:  South African Property Opportunities 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:                  (a) Principle Capital Investments Limited(formerly Principle Capital Investment Trustplc) (9,082,820 shares)(b) Principle Capital, L.P. (1,821,730 shares)(c) Pointer Investments Limited (3,142,000shares)  
 4. Full name of shareholder(s) (if different from 3.):                             (a) Evolution Securities Nominees Limited(b) Chase Nominees Limited(c) Evolution Securities Nominees Limited                                                                                                 
 5. Date of the transaction and date on which the threshold is crossed or reached:  25th and 27th January 2010                                                                                                                                                                                   
 6. Date on which issuer notified:                                                  27 January 2010                                                                                                                                                                                              
 7. Threshold(s) that is/are crossed or reached:                                    22%                                                                                                                                                                                                          
 
 
 8. Notified details:                               
 A: Voting rights attached to shares                
 Class/type ofsharesif possible usingthe ISIN CODE  Situation previousto the triggeringtransaction  Resulting situation after the triggering transaction  
 NumberofShares                                     NumberofVotingRights                            Numberof shares                                       Number of votingrights  % of voting rights  
 Direct                                             Direct                                          Indirect                                              Direct                  Indirect            
                                                    14,046,550                                      14,046,550                                            14,046,550                                  14,046,550    22.55  
                                                    
 
 
 B: Qualifying Financial Instruments                   
 Resulting situation after the triggering transaction  
 Type of financialinstrument                           Expirationdate  Exercise/ Conversion Period  Number of votingrights that may beacquired if theinstrument isexercised/ converted.  % of votingrights  
                                                                                                                                                                                                            
 
 
 C: Financial Instruments with similar economic effect to Qualifying Financial Instruments  
 Resulting situation after the triggering transaction                                       
 Type of financialinstrument                                                                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  
 14,046,550               22.55                        
 
 
 9. Chain of controlled undertakings through which the voting rights and/or thefinancial 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:    Pointer Investments Limited is owned byPrinciple Capital, L.P.Principle Capital, L.P. sold 3,816,790 shareson 25 January 2010 and 916,030 shares on 27 January 2010 to Principle CapitalInvestments Limited.  
 14. Contact name:              Principle Capital Fund Managers LtdBrian Padgett                                                                                                                                                              
 15. Contact telephone number:  +4122 908 1190                                                                                                                                                                                                
 
 
This information is provided by RNS
The company news service from the London Stock Exchange