Sell down to continue??3 Feb 2013 21:01
Change in Substantial Shareholding
The Company today announces that further to the substantial shareholding announcement made by the Company on 29th January 2013 it has received further clarification from Mr Arron Banks on his shareholding in the Company.
On 14 July 2011, Mr A Banks announced he owned 69,547,936 ordinary shares of 1 pence each ("Ordinary Shares") representing 15.2 per cent. of the total issued share capital of the Company. Following this announcement, Mr Banks transferred a portion of his holding to Mrs E Banks. Both Mr A Banks and Mrs E Banks subsequently sold Ordinary Shares.
Mr Banks has today informed the Company of the following:
- he no longer controls or has any interest in the Ordinary Shares held by Mrs E Banks;
- on 24 January 2013, 25 January 2013 and 29 January 2013 he sold 3,100,000 Ordinary Shares
Mr Banks now owns and directly controls 33,892,936 Ordinary Shares, representing 7.43 per cent. of the total issued share capital of the Company. Mr Banks is also interested in, via his directorship and shareholding in Southern Rock Insurance Company Limited, a further 3,800,000 Ordinary Shares, representing 0.83 per cent. of the total issued share capital of the Company.
Mrs E Banks has today informed the Company that on 24 January 2013 she sold 1,500,000 Ordinary Shares. Following this sale, Mrs Banks is interested in 16,580,000 Ordinary Shares representing 3.63% of the total issued share capital of the Company
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