AVA.L Regulatory News (AVA)

25 Feb 2005 12:14

Laxey Partners Ltd25 February 2005 FORM SAR 5 Date of disclosure 25 FEBRUARY 2005 DISCLOSURE UNDER NOTE 3 OF RULE 5 OF THE RULES GOVERNING SUBSTANTIAL ACQUISITIONS OF SHARES ("SARs") Date of sale 24 FEBRUARY 2005 Sale of AVANTI CAPITAL PLC (name of company) (1) Class of voting shares Number of shares/rights If rights over shares (eg ordinary shares) over shares sold sold, as opposed to the shares themselves, specify nature of rights ORDINARY SHARES 2,165,006 shares N/A N/A rights (2) Resultant total holding Resultant total holding Total percentage of voting shares (and % of rights over shares of total voting shares (and % of total voting in issue) shares in issue) NIL/ (0.00%) ( %) (0.00%) (3) Party making disclosure LAXEY PARTNERS LIMITED ON BEHALF OF VARIOUS DISCRETIONARY MANAGED ACCOUNTS (4) (a) Name of person selling shares or rights over shares 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) above (Also print name of signatory) CHRISTOPHER BRUCE Telephone and extension number 01624 690900 __________________________________ Note: The resultant total percentage holding of voting shares and rights over shares is to be calculated by reference to the percentage held and in issue outside treasury. 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. E-mail: monitoring@disclosure.org.uk This information is provided by RNS The company news service from the London Stock Exchange