24th Jul 2007 15:20
Nationwide Accident Repair Srvs PLC24 July 2007 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES 1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached NATIONWIDE ACCIDENT REPAIR SERVICES PLC 2. Reason for the notification (please tick the appropriate box or boxes) An acquisition or disposal of voting rights (X) 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 (specify): ( ) 3. Full name of person(s) subject to the notification obligation: North Atlantic Value LLP (as investment adviser/manager) 4. Full name of shareholder(s) (if different from 3.) 1. North Atlantic Smaller Companies Investment Trust PLC 2. North Atlantic Value LLP (as investment manager/adviser to other fund management clients) 5. Date of the transaction (and date on which the threshold is crossed or reached if different): 18 July 2007 6. Date on which issuer notified: 24 July 2007 7. Threshold(s) that is/are crossed or reached: Below 32% 8. Notified details: A. Voting rights attached to sharesClass/type of shares (if possible using the Ordinary (GB00B15RR673)ISIN code) Situation previous to Resulting situation after the triggering transactionthe triggeringtransaction Number of Number of Number of Number of voting % of voting rights Shares Voting shares rights Rights Direct Direct Indirect Direct Indirect1). 10,000,000 10,000,000 10,000,000 10,000,000 22.29 2). 5,042,782 5,042,782 4,071,410 4,071,410 9.07 Total= 31.36 B. Financial Instruments Resulting situation after the triggering transactionType of Expiration Exercise/ Number of voting % of votingfinancial date Conversion Period/ rights that may rightsinstrument Date be acquired if the instrument is exercised/ converted Total (A+B)Number of voting rights % of voting rights14,071,410 31.36% 9. Chain of controlled undertakings through which the voting rights and/ or the financial instruments are effectively held, if applicable: Not Applicable Proxy Voting:10. Name of the proxy holder: - 11. Number of voting rights proxy N/A holder will cease to hold: 12. Date on which proxy holder N/A will cease to hold voting rights: 13. Additional information: North Atlantic Value LLP is the investment manager/adviser in respect of the full 31.36% holding as it is Joint investment manager to Holder 1 as well as investment advisor/manager to the other clients included in Holder 2 14: Contact name: Bonita Guntrip 15. Contact telephone number: 020 7747 5681 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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