Holding(s) in Company

18th Jan 2006 14:29

Davis Service Group PLC18 January 2006 Davis Service Group Plc INTEREST NOTIFIED UNDER SECTION 198 COMPANIES ACT 1985 Davis Service Group Plc (Davis) received notification to the following effect on18 January 2006 from Silchester International Investors Limited. Silchester International Investors Limited ("Silchester") acts as an InvestmentManager for a number of commingled funds (its "Clients"). In acting for itsclients, Silchester is given full discretion over their investments, and isempowered to vote on their behalf. However, Silchester does not act as theirCustodian, and therefore shares are not held in the name of Silchester, but inthe nominee name of its Clients' Custodian Bank. In addition, Silchester holds 49.9% of the issued share capital of SandersonAsset Management Limited ("Sanderson"), a UK Limited Company that also acts asan Investment Manager for a number of commingled funds and separate accounts. Inacting for its clients, Sanderson is given full discretion over theirinvestments and is empowered to vote on their behalf. However, Sanderson doesnot act as its clients' Custodian and therefore shares are not held inSanderson's name, but in the nominee name of Sanderson's clients' Custodianbank. Silchester's share ownership in Sanderson does not allow Silchester to exerciseany direct or indirect control over Sanderson's investment strategy, philosophyor implementation, the investments that Sanderson may purchase or sell on behalfof its clients, or the manner in which Sanderson may vote proxies that arisefrom its client investments. However, Silchester is deemed to have an 'interest'in shares that Sanderson controls by virtue of Section 203(2)(b) of theCompanies Act 1985. Recent purchases/sales of shares in Davis by Silchester, on behalf of itsclients, have resulted in Silchester having an interest in the following shares(see table below): SILCHESTER 27,672,295 Recent purchases/sales of shares in Davis by Sanderson, on behalf of itsclients, have resulted in Sanderson having an interest in the following shares,and Silchester having an interest over the same shares for the purposes ofSection 203(2)(b) of the Companies Act 1985 (see table below): SANDERSON 7,286,600 Silchester's records show that Davis has the following shares in that class: DAVIS SERVICE GROUP Plc 170,575,800 As such, Silchester is interested in 20.49% of the shares of that class. One ofSilchester's clients controls 10.44% of the shares of that class and anotherclient controls 4.42%. This interest is being notified in fulfillment of theobligations imposed by Sections 198-202 of the Companies Act 1985. Silchesterdoes not have an interest mentioned in Section 208(5) of the Companies Act 1985in any of the shares to which this notification relates. SILCHESTER INTERNATIONAL INVESTORS LIMITED CLIENT OWNERSHIP Silchester Account Nominee % of Class Shareholding Voting authority-------------------- --------- ---------- -------------- ---------------Silchester Int'l Northern 4.42 7,547,333 YesInvestors TrustInternational Value CoEquity Group Trust Silchester Int'l Northern 0.71 1,207,342 YesInvestors Tobacco Free TrustInternational Value CoEquity Trust Silchester Int'l Northern 10.44 17,808,398 YesInvestors TrustInternational Value CoEquity Trust The Calleva Trust Northern 0.65 1,109,222 Yes Trust Co TOTAL 27,672,295 SANDERSON ASSET MANAGEMENT LIMITED CLIENT OWNERSHIP Sanderson Account Nominee % of Class Shareholding Voting------------------- --------- ----------- -------------- authority --------------BUST Northern Trust 1.81 3,092,000 Yes CoCAT Pictet & Cie 0.10 169,000 YesDYN State Street 0.06 109,500 YesEUF State Street 0.18 313,000 YesGOLF Bank of New 0.07 124,000 Yes YorkGRIT Northern Trust 0.49 842,800 Yes CoHOOK Northern Trust 0.03 52,000 Yes CoINGOT Mellon Trust 0.13 222,000 YesMINI State Street 0.20 349,000 YesOCEAN Northern Trust 0.09 147,000 Yes CoOVAL Mellon Trust 0.15 250,000 YesPEARL Northern Trust 0.05 78,000 Yes CoRAIN Citigroup 0.10 170,500 YesSTAMP Northern Trust 0.07 118,000 Yes CoTIME Bank of New 0.02 40,700 Yes YorkTRAY Northern Trust 0.39 658,500 Yes CoWHEAT Mellon Trust 0.13 223,000 YesWINDY Northern Trust 0.09 156,000 Yes CoWOGAN Northern Trust 0.10 171,600 Yes Co TOTAL 7,286,600 This information is provided by RNS The company news service from the London Stock Exchange

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