Significant Shareholdings
Other than the interests of directors disclosed below, the Company had been notified at 27 May 2008 that the only persons who, directly or indirectly, were interested in three per cent or more of the Company’s issued ordinary share capital, are as follows:
| Candover Investments p.l.c. |
21.38% |
| Gartmore Investment Management p.l.c. |
17.72% |
| Stemcor Holdings Ltd |
9.20% |
| Morgan Stanley Securities Ltd |
8.19% |
| Henderson Global Investors |
7.19% |
| Brian Anthony Charles Kingham |
5.48% |
| Lowland Investment Trust Company plc |
4.76% |
| Hansa Trust PLC |
4.38% |
| RCM (UK) Ltd. |
3.21% |
Directors’ interests in shares
The interests of the Directors in the shares of the Company were as follows:
| |
At 31
December
2007 |
At 30
June
2007 |
| James Kerr-Muir |
14,864 0.02% |
27,027 |
| Adrian Burn |
10,135 0.02% |
10,135 |
| John Sword |
1,172,409 2.28% |
1,022,409 |
Notes:
1. On 19 July 2007 John Sword purchased 150,000 shares, to be held in his Self Invested Pension Plan, at 167.83p per share. Holding after the transaction: 1,172,409 shares representing 2.28% of the share capital of the Company.
2. James Kerr-Muir’s holding was reduced on 13 September 2007 due to him no longer having a continuing interest in the 12,163 Ordinary Shares which are held in trust for his children.
In accordance with the rule 26 of the AIM Rules for Companies, so far as the Company is aware, the percentage of the Company’s issued share capital that is not in public hands is 41.43%.
Share Capital
On 27 May 2008 the Company’s issued share capital was 51,349,974 ordinary shares of 10p each, none of which were held in treasury.
An ordinary resolution was put to the shareholders at the last Annual General Meeting (AGM) to renew the Directors’ authority to issue and allot ordinary shares. The nominal value of ordinary shares to which this authority is limited is £1,694,549 being approximately one third of the current issued ordinary share capital. A special resolution was also put to shareholders at the AGM which renews the authority of the Directors to allot shares without first offering them to existing shareholders in proportion to their existing holdings. This authority is limited to approximately 5% of the issued share capital.
A resolution was also put to the shareholders at the last AGM seeking authority for the Company to make market purchases of its own shares, such authority being limited to the purchase of approximately ten per cent of the ordinary shares in issue as at 16 April 2008. The authority to purchase the Company’s own ordinary shares will only be exercised if the Directors consider that there is likely to be a beneficial impact on the earnings per ordinary and that it is in the best interests of the Company at the time.
The above resolutions will expire at the conclusion of the next AGM in 2009.
There are no restrictions on the transfer of shares in the Company.
This information is being disclosed for the purposes of rule 26 of the AIM Rules for Companies. The information on this page was last updated on 18 July 2008. |
