TR-1: Standard form for notification of major
holdings
NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and
to the FCA in Mi-
crosoft Word format if
possible) i
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1a.
Identity of the issuer or the underlying is- suer of existing
shares to which voting rights
are
attached ii:
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LAND SECURITIES GROUP PLC
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1b.
Please indicate if the issuer is a non-UK issuer
(please mark with an "X" if appropriate)
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UK issuer
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2.
Reason for the notification (please
mark the appropriate box or boxes with an "X")
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An acquisition or disposal of voting
rights
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X
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An acquisition or disposal of
financial instruments
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An event changing the breakdown of
voting rights
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Other (please specify) iii:
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3.
Details of person subject to the notification
obligation iv
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Name
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State Street Corporation
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City and country of registered
office (if applicable)
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Boston, MA USA
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4.
Full name of shareholder(s) (if
different from 3.) v
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Name
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City and country of registered
office (if applicable)
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5.
Date on which the threshold was crossed or reached
vi:
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31/05/2024
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6.
Date on which issuer notified (DD/MM/YYYY):
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04/06/2024
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7.
Total positions of person(s) subject to the notification
obligation
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% of
voting rights at- tached to shares (to- tal of 8. A)
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% of
voting rights through financial instru- ments
(total of
8.B 1 + 8.B 2)
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Total of both in % (8.A +
8.B)
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Total number of voting rights held
in issuer (8.A +
8.B) vii
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Resulting situation on the date on
which threshold was crossed or reached
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2.90%
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0.00%
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2.90%
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21,575,619
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Position of previous notification
(if applicable)
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3.13%
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0.00%
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3.13%
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8.
Notified details of the resulting situation on the date on which
the threshold was crossed or reached viii
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A:
Voting rights attached to shares
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Class/type of shares
ISIN code (if possible)
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Number of voting rights ix
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%
of voting rights
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Direct
(DTR5.1)
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Indirect
(DTR5.2.1)
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Direct
(DTR5.1)
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Indirect
(DTR5.2.1)
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GB00BYW0PQ60
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21,575,619
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2.90%
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SUBTOTAL 8. A
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21,575,619
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2.90%
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B
1: Financial Instruments according to DTR5.3.1R (1) (a)
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Type of financial in- strument
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Expiration date
x
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Exercise/ Conversion
Period xi
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Number of voting rights that may be acquired if the instrument
is
exercised/converted.
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%
of voting rights
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SUBTOTAL 8. B 1
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B
2: Financial Instruments with similar economic effect according to
DTR5.3.1R (1) (b)
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Type of financial instrument
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Expiration date
x
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Exercise/ Conversion Pe-
riod xi
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Physical or cash
Settlement xii
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Number of voting rights
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%
of voting rights
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SUBTOTAL
8.B.2
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9.
Information in relation to the person subject to the notification
obligation (please mark the
applicable box with an "X")
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Person subject to the notification
obligation is not controlled by any natural person or legal entity
and does not control any other undertaking(s) holding directly or
indirectly an interest in the (underlying) issuer
xiii
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Full chain
of controlled undertakings through which the voting rights and/or
the
financial instruments are
effectively held starting with the ultimate controlling natural
person or legal entity (please add additional rows as necessary)
xiv
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X
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Name
xv
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% of voting rights if it
equals or is higher than the notifiable
threshold
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% of voting rights through
financial in- struments if it equals or is higher than
the
notifiable threshold
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Total of both if it equals or
is higher than the notifiable threshold
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STATE STREET GLOBAL ADVISORS TRUST COM- PANY
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1.47%
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0.00%
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1.47%
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STATE STREET GLOBAL ADVISORS LIMITED
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0.46%
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0.00%
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0.46%
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SSGA FUNDS MANAGE- MENT, INC.
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0.38%
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0.00%
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0.38%
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STATE STREET GLOBAL ADVISORS, AUSTRALIA,
LIMITED
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0.20%
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0.00%
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0.20%
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STATE STREET GLOBAL ADVISORS (JAPAN) CO.,
LTD.
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0.19%
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0.00%
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0.19%
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STATE STREET GLOBAL
ADVISORS EUROPE LIM- ITED
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0.14%
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0.00%
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0.14%
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STATE STREET GLOBAL ADVISORS ASIA LIMITED
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0.05%
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0.00%
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0.05%
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STATE STREET GLOBAL ADVISORS, LTD.
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0.01%
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0.00%
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0.01%
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10. In case of proxy voting,
please identify:
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Name of the proxy holder
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The number and % of voting rights
held
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The date until which the voting
rights will be held
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11.
Additional information xvi
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Place of completion
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Boston, MA USA
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Date of completion
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04/06/2024
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Notes
i Please note this form should be read jointly with the
applicable Disclosure Guidance and Transparency Rules Chapter 5
(DTR5) available on the following link: https://www.handbook.fca.org.uk/handbook/DTR/5/?view=chapter
iiFull name of the legal
entity and further specification of the issuer or underlying
issuer, provided it is reliable and accurate (e.g. address, LEI,
domestic number identity). Indicate in the relevant section whether
the issuer is a non UK issuer.
iiiOther reason for the
notification could be voluntary notifications, changes of
attribution of the nature of the holding (e.g. expiring of
financial instruments) or acting in concert.
ivThis should be the full
name of (a) the shareholder; (b) the natural person or legal entity
acquiring, disposing of or exercising voting rights in the cases
provided for in DTR5.2.1 (b) to (h); (c) all parties to the
agreement referred to in DTR5.2.1 (a) or (d) the holder of
financial instruments referred to in DTR5.3.1.
As the disclosure of cases of acting in concert may
vary due to the specific circumstances (e.g. same or different
total positions of the parties, entering or exiting of acting in
concert by a single party) the standard form does not provide for a
specific method how to notify cases of acting in concert.
In relation to the transactions referred to in
DTR5.2.1 (b) to (h), the following list is provided as indication
of the persons who should be mentioned:
- in the circumstances
foreseen in DTR5.2.1 (b), the natural person or legal entity that
acquires the voting rights and is entitled to exercise them under
the agreement and the natural person or legal entity who is
transferring temporarily for consideration the voting
rights;
- in the circumstances
foreseen in DTR5.2.1 (c), the natural person or legal entity
holding the collateral, provided the person or entity controls the
voting rights and declares its intention of exercising them, and
natural person or legal entity lodging the collateral under these
conditions;
- in the circumstances
foreseen in DTR5.2.1 (d), the natural person or legal entity who
has a life interest in shares if that person or entity is entitled
to exercise the voting rights attached to the shares and the
natural person or legal entity who is disposing of the voting
rights when the life interest is created;
- in the circumstances
foreseen in DTR5.2.1 (e), the controlling natural person or legal
entity and, provided it has a notification duty at an individual
level under DTR 5.1, under DTR5.2.1 (a) to (d) or under a
combination of any of those situations, the controlled
undertaking;
- in the circumstances foreseen in DTR5.2.1 (f), the deposit
taker of the shares, if he can exercise the voting rights attached
to the shares deposited with him at his discretion, and the
depositor of the shares allowing the deposit taker to exercise the
voting rights at his discretion;
- in the circumstances
foreseen in DTR5.2.1 (g), the natural person or legal entity that
controls the voting rights;
- in the circumstances foreseen in DTR5.2.1 (h), the proxy
holder, if he can exercise the voting rights at his discre- tion,
and the shareholder who has given his proxy to the proxy holder
allowing the latter to exercise the voting rights at his discretion
(e.g. management companies).
vApplicable in the cases
provided for in DTR5.2.1 (b) to (h). This should be the full name
of the shareholder who is the counterparty to the natural person or
legal entity referred to DTR5.2 unless the percentage of voting
rights held by the shareholder is lower than the lowest notifiable
threshold for the disclosure of voting rights holdings in
accordance with national practices (e.g. identification of funds
managed by management companies).
viThe date on which threshold
is crossed or reached should be the date on which the acquisition
or disposal took place or the other reason triggered the
notification obligation. For passive crossings, the date when the
corporate event took effect.
viiThe total number of voting
rights held in the issuer shall be composed of all the shares,
including depository receipts representing shares, to which voting
rights are attached even if the exercise thereof is suspended.
viiiIf the holding has fallen
below the lowest applicable threshold, please note that it might
not be necessary to disclose the extent of the holding, only that
the new holding is below that threshold.
ixIn case of combined
holdings of shares with voting rights attached "direct holding" and
voting rights "indirect holding", please split the voting rights
number and percentage into the direct and indirect columns - if
there is no combined holdings, please leave the relevant box
blank.
xDate of maturity/expiration
of the financial instrument i.e. the date when right to acquire
shares ends.
xiIf the financial instrument
has such a period - please specify this period - for example once
every 3 months starting from [date].
xiiIn case of cash settled
instruments the number and percentages of voting rights is to be
presented on a delta -adjusted basis (DTR 5.3.3.A).
xiiiIf the person subject to
the notification obligation is either controlled and/or does
control another undertaking then the second option applies.
xivThe full chain of
controlled undertakings starting with the ultimate controlling
natural person or legal entity has to be presented also in the
cases, in which only on subsidiary level a threshold is crossed or
reached and the subsidiary undertaking discloses the notification
as only in this way will the markets get always the full picture of
the group holdings. In case of multiple chains through which the
voting rights and/or financial instruments are effectively held the
chains have to be presented chain by chain by numbering each chain
accordingly. Please see the below example:
Name of ultimate controlling person A (chain
1)
Name of controlled undertaking B Name of controlled
undertaking C
Name of ultimate controlling person A (chain
2)
Name of controlled undertaking B Name of controlled
undertaking D
Name of ultimate controlling person A (chain3)
Name of controlled undertaking E Name of controlled
undertaking F
xvThe names of controlled
undertakings through which the voting rights and/or financial
instruments are effectively held have to be presented
irrespectively whether the controlled undertakings cross or reach
the lowest applicable threshold themselves.
xviExample: Correction of a
previous notification.