6th Jun 2005 18:30
Elementis PLC6 June 2005 Notifications of acquisition and subsequent disposal of major interests in shares Elementis plc (the "Company") announces that it has received two notificationsunder sections 198 - 208 of the Companies Act 1985 (the "Act") from HIP-IVIncorporated ("HIP-IV") in its capacity as general partner of Hanover InvestorsPartners - IV, L.P. ("HIP IV LP") and managing member of Hanover InvestorsPartners - V, LLC ("HIP V"). The first notification was received on 3 June 2005 and informed the Company thatHIP-IV, HIP IV LP and HIP V had become interested on 1 June 2005 in 45,342,241ordinary shares (representing approximately 10.43% of the issued ordinaryshares) in the Company, the interests being of the kind mentioned in section208(4)(b) of the Act (entitlement of a person who is not the registered holderto exercise, or control the exercise of, a right conferred by the holding ofshares). The notification stated that HIP-IV believed its aggregate interests inthe ordinary shares in the Company at the time of the notification to haverepresented approximately 25.7% of the ordinary shares in the Company. According to the notification, the interests to which it related arose from thegiving by Schroder Investment Management Limited in its capacity as adiscretionary fund manager of undertakings in respect of shares registered inthe names of the following holders: Name of registered holder Number of shares British Coal Superannuation Scheme A/C 8,724,778 BCSSX Chase Nominees Limited A/C SUTL 22,955,837 Mineworkers' Pension Scheme (Chase Gis) 10,000,000 Nominees Limited A/C MPSX Nortrust Nominees Limited 1,810,700 Schroder Nominees Limited 1,850,926 The second notification was received by the Company on 6 June 2005 and informedthe Company that on 6 June 2005 HIP-IV, HIP IV LP and HIP V had ceased to beinterested in the 45,342,241 ordinary shares in the Company referred to above.The notification stated that immediately after the obligation to make the secondnotification arose, HIP-IV was interested in 65,695,000 ordinary shares in theCompany (approximately 15.11% of the ordinary shares in the Company), whichincluded 65,323,071 shares registered in the name of P.H. Nominees Limited ofwhich HIP V is the beneficial owner and in which HIP IV is interested in itscapacity as managing member of HIP V and 371,929 shares registered in the nameof P.H. Nominees Limited of which HIP IV LP is the beneficial owner and in whichHIP IV is interested in its capacity as general partner of HIP IV LP. Further, both notifications stated that none of the interests of HIP-IV, HIP IVLF and HIP V in shares in the Company is such an interest as is mentioned insection 208(5) of the Act. Name of contact and telephone number for queries: 01784 227023 Name and signature of authorised company official responsible for making this notification: P. Watson - Company Secretarial Assistant Date of notification: 6 June 2005 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Elementis