PGR Phoenix Global Resources Plc

RNS Number:6858I
Pavilion Geared Recovery Trust PLC
17 August 2001


Pavilion Geared Recovery Trust PLC


Further to the recent Placing of the Company's shares, it has been informed by
BFS Managed Properties Limited that they hold 2,500,000 Ordinary Income shares
of 1p, representing 8.33% of the issued class of share.

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