Holding(s) in Company
May 21 2009 - 9:18AM
UK Regulatory
TIDMSOV
RNS Number : 6626S
SovGEM Limited
21 May 2009
+-----------------------------------------------------------------------------+
| TR-1: Notifications of Major Interests in Shares |
+-----------------------------------------------------------------------------+
+-----------------------------------------------+------------------------------+
| 1. Identity of the issuer or the underlying | SovGEM Limited |
| issuer of existing shares to which voting | |
| rights are attached: | |
+-----------------------------------------------+------------------------------+
+-------------------------------------------------------------------+----------+
| 2. Reason for notification |
+------------------------------------------------------------------------------+
| An acquisition or disposal of voting rights | Yes |
+-------------------------------------------------------------------+----------+
| An acquisition or disposal of financial instruments which may | |
| result in the acquisition of shares already issued to which | |
| voting rights are attached | |
+-------------------------------------------------------------------+----------+
| An event changing the breakdown of voting rights | |
+-------------------------------------------------------------------+----------+
| Other (please specify):______________ | |
+-------------------------------------------------------------------+----------+
+----------------------------------------+-------------------------------------+
| 3. Full name of person(s) subject to | Hargreave Hale Limited |
| notification obligation: | |
+----------------------------------------+-------------------------------------+
| 4. Full name of shareholder(s) (if | For discretionary clients |
| different from 3): | |
+----------------------------------------+-------------------------------------+
| 5. Date of transaction (and date on | 20 May 2009 |
| which the threshold is crossed or | |
| reached if different): | |
+----------------------------------------+-------------------------------------+
| 6. Date on which issuer notified: | 21 May 2009 |
+----------------------------------------+-------------------------------------+
| 7. Threshold(s) that is/are crossed or | 5% |
| reached: | |
+----------------------------------------+-------------------------------------+
+--------------+--------------+----------+--------------+-----------+----------+-----------+----------+----------+
| 8: Notified Details |
+----------------------------------------------------------------------------------------------------------------+
| A: Voting rights attached to shares |
| |
+----------------------------------------------------------------------------------------------------------------+
| Class/type | Situation | Resulting situation after the triggering transaction |
| of shares | previous to the | |
| If possible | triggering | |
| use ISIN | transaction | |
| code | | |
+ +-------------------------+-----------------------------------------------------------------------+
| | Number of | Number | Number of shares | Number of voting | Percentage of |
| | shares | of | | rights | voting rights |
| | | voting | | | |
| | | rights | | | |
+ + + +--------------------------+----------------------+---------------------+
| | | | Direct | Indirect | Direct | Indirect | Direct | Indirect |
+--------------+--------------+----------+--------------+-----------+----------+-----------+----------+----------+
| Ordinary | 50,000 | 50,000 | | 1,270,000 | | 1,270,000 | | 5.5762% |
| GB00B03XLZ73 | | | | | | | | |
+--------------+--------------+----------+--------------+-----------+----------+-----------+----------+----------+
+---------------+---------------+---------------+----------------------+---------------+
| B: Financial Instruments |
| |
+--------------------------------------------------------------------------------------+
| Resulting situation after the triggering transaction |
| |
+--------------------------------------------------------------------------------------+
| Type of | Expiration | Exercise/ | No. of voting | Percentage of |
| financial | date | conversion | rights that | voting rights |
| instrument | | period/date | may be | |
| | | | acquired (if | |
| | | | the | |
| | | | instrument | |
| | | | exercised/converted) | |
+---------------+---------------+---------------+----------------------+---------------+
| | | | | |
+---------------+---------------+---------------+----------------------+---------------+
+--------------------------------------+--------------------------------------+
| Total (A+B) |
| |
+-----------------------------------------------------------------------------+
| Number of voting rights | Percentage of voting rights |
+--------------------------------------+--------------------------------------+
| 1,270,000 | 5.5762% |
+--------------------------------------+--------------------------------------+
+-----------------------------------------------------------------------------+
| 9. Chain of controlled undertakings through which the voting rights and /or |
| the financial instruments are effectively held, if applicable: |
+-----------------------------------------------------------------------------+
| 1,220,000 of these shares are for unit trusts operated by Marlborough Fund |
| Managers Ltd, for which Hargreave Hale manages the investments on a |
| discretionary basis. The remaining balance is held on behalf of other |
| discretionary clients. |
+-----------------------------------------------------------------------------+
+--------------------------------------+--------------------------------------+
| Proxy Voting: |
| |
+-----------------------------------------------------------------------------+
| 10. Name of 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: | The denominator used in calculating |
| | the percentage holding reported |
| | above is 22,775,000 |
+--------------------------------------+--------------------------------------+
| 14 Contact name: | David Clueit |
| | |
+--------------------------------------+--------------------------------------+
| 15. Contact telephone name: | 01253 754 739 |
| | |
+--------------------------------------+--------------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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