News Releases
News releases 2009
21 May 2009
Holding(s) in Company
| TR-1: Notifications of Major Interests in Shares |
| 1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: | SovGEM Limited |
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 notification obligation: | Hargreave Hale Limited |
4. Full name of shareholder(s) (if different from 3): |
For discretionary clients |
5. Date of transaction (and date on which the threshold is crossed or reached if different): |
20 May 2009 |
6. Date on which issuer notified: |
21 May 2009 |
7. Threshold(s) that is/are crossed or reached: |
5% |
| 8: Notified Details | ||||||||
| A: Voting rights attached to shares |
||||||||
| Class/type of shares If possible use 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 | Percentage of voting rights | ||||
| Direct | Indirect | Direct |
Indirect |
Direct |
Indirect |
|||
| Ordinary GB00B03XLZ73 | 50,000 | 50,000 | 1,270,000 | 1,270,000 | 5.5762% | |||
| B: Financial Instruments |
||||
| Resulting situation after the triggering transaction |
||||
| Type of financial instrument | Expiration date | Exercise/ conversion period/date | No. of voting rights that may be acquired (if the instrument exercised/converted) | Percentage of voting rights |
| 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 |