6th Aug 2008 08:47
Date: 06 August 2008
On behalf of: SDI Group plc
For immediate release
SDI Group plc
("SDI" or "the Group")
Holding in Company
SDI Group plc (AIM: SDIG.L), which designs, builds and supports integrated materials handling solutions for international retail, wholesale, fulfillment and e-commerce distribution operations, received notification on 05 August 2008 from Legal & General Group Plc that they had disposed of an interest, resulting in a total holding representing less than 3% of the Group's current issued share capital.
The Group confirms that its issued share capital consists of 109,073,078 ordinary shares each with voting rights at the date of this announcement. No ordinary shares are held in treasury.
The figure of 109,073,078 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, SDI Group plc under the FSA's Disclosure and Transparency Rules.
Enquiries:
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SDI Group plc |
www.sdigroup.com |
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Gordon Smith, CEO / Gary Pyle, CFO |
Tel: +44 (0)1954 211338 |
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Redleaf Communications Ltd |
sdi@redleafpr.com |
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Emma Kane / Paul Dulieu / Henry Columbine |
Tel: +44 (0)20 7822 0200 |
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Cenkos Securities |
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Stephen Keys / Julian Morse |
Tel: +44 (0)20 7397 1930 |
Notes to Editors:
SDI Group provides consultancy services and designs its customers warehousing and distribution systems with end products including sorters and picking systems, automated retrieval systems and conveyor systems, together with supporting IT infrastructure.
SDI Group companies have operated for more than 30 years in the US and for over a decade in the UK. It employs over 500 people with subsidiaries additionally spanning France, Spain, Germany, the Netherlands, Italy, Chile and Brazil.
The Group's UK operations are based in Rugby and Cambridge, employing approximately 150 people, and provide a full service offering, specialising in consultancy and design. Customers include Primark, Matalan and TNT.
The US operation, with its principal facility in Pacoima, Los Angeles employs over 300 people with a product and service offering similar to the UK and with a wide customer base that includes JC Penney and Levi Strauss.
Related Shares:
Ishs $ Sd CorpLegal & General