19th Jul 2005 08:50
Davis Service Group PLC19 July 2005 Davis Service Group Plc INTEREST NOTIFIED UNDER SECTION 198 COMPANIES ACT 1985 Davis Service Group Plc (Davis) received notification to the following effecton 12 July 2005 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 32,112,356 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)(6) of the Companies Act 1985 (see table below): SANDERSON 6,180,400 Silchester's records show that Davis has the following shares in that class: DAVIS SERVICE GROUP Plc 202,790,398 As such, Silchester is interested in 18.89% of the shares of that class. One ofSilchester's clients controls 10.20% of the shares of that class and anotherclient controls 4.33%. 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 VotingSilchester Account Nominee % of Class Shareholding authority-------------------- --------- ------------ -------------- -----------------Silchester Int'l Northern 4.33 8,781,295 YesInvestors International TrustValue Equity Group CoTrust Silchester Int'l Northern 0.69 1,406,464 YesInvestors Tobacco Free TrustInternational Value CoEquity Trust Silchester Int'l Northern 10.20 20,679,037 YesInvestors International TrustValue Equity Trust Co The Calleva Trust Northern 0.61 1,245,560 Yes Trust Co TOTAL 15.83 32,112,356 SANDERSON ASSET MANAGEMENT LIMITED CLIENT OWNERSHIP Sanderson Account Nominee % of Class Shareholding Voting authority------------------- --------- ------------ -------------- ----------------BUST Northern 1.09 2,215,000 Yes Trust Co GRIT Northern 0.42 842,800 Yes Trust Co OCEAN Northern 0.05 101,000 Yes Trust Co PEARL Northern 0.02 40,500 Yes Trust Co RIVAL Northern 0.03 69,000 Yes Trust Co STAMP Northern 0.06 118,000 Yes Trust Co TRAY Northern 0.30 608,500 Yes Trust Co WINDY Northern 0.08 156,000 Yes Trust Co CAT Pictet & 0.06 127,000 Yes Cie DYN State 0.05 94,400 Yes Street EUF State 0.15 313,000 Yes Street IVF State 0.07 137,000 Yes Street MINI State 0.17 349,000 Yes Street GOLF Bank of New 0.05 103,000 Yes York TIME Bank of New 0.02 40,700 Yes York INGOT Mellon 0.11 222,000 Yes Trust OVAL Mellon 0.12 250,000 Yes Trust WHEAT Mellon 0.11 223,000 Yes Trust RAIN Citigroup 0.08 170,500 Yes TOTAL 3.05 6,180,400 Yes This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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