Abrdn Property Regulatory News (API)

13 Jan 2005 07:01

Steel Partners II LP12 January 2005 FORM SAR 3 Lodge with a RIS or Newstrack if appropriate and the Takeover Panel.A copy must also be sent to the company the shares of which are acquired. Date of disclosure January 12, 2005............................................................... DISCLOSURE UNDER RULE 3 OF THE RULES GOVERNINGSUBSTANTIAL ACQUISITIONS OF SHARES ("SARs") Date of acquisition January 12, 2005............................................................... Acquisition in (name of company) API Group Plc............................................................... 1. Class of voting shares (eg ordinary shares) Ordinary............................................................... Number of shares/rights over shares acquired 825,000 Shares none Rights If rights over shares acquired, as opposed to the shares themselves, specifynature of rights N/A............................................................... 2. Resultant total holding of voting shares (and % of total voting shares inissue)10,150,000 29.99% Resultant total holding of rights over shares (and % of total voting shares inissue) N/A Total percentage10,150,000 29.99% 3. Party making disclosure Steel Partners II LP/WebFinancial Corporation............................................................... 4. (a) Name of person acquiring shares or rights over sharesSteel Partners II LP............................................................... and, if different, beneficial owner............................................................... (b) Names of any other persons acting by agreement or understanding (see SAR 5)............................................................... Signed, for and on behalf of the party named in (3) aboveJack L. Howard............................................................... (Also print name of signatory)Jack L. howard............................................................... Telephone and extension number212.758.3232 ext 120............................................................... Note. Under SAR 5, the holdings of and acquisitions by persons acting byagreement or understanding must be aggregated and treated as a holding of oracquisition by one person. Note 3 on SAR 5 requires persons who must aggregateholdings to disclose certain disposals. For full details of the SARs disclosure requirements, see Rules 3 and 5 of theSARs. If in doubt, contact the Panel on Takeovers and Mergers, MonitoringSection. Tel. No: 020 7638 0129.Email:monitoring@disclosure.org.uk This information is provided by RNS The company news service from the London Stock Exchange