Mears Regulatory News (MER)

1 Nov 2007 08:57

Mears Group PLC01 November 2007 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES 1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached MEARS GROUP PLC 2. Reason for the notification (please tick the appropriate box or boxes) An acquisition or disposal of voting rights ( ) An acquisition or disposal of financial instruments which may ( ) result in the acquisition of shares already issued to which voting rights are attached An event changing the breakdown of voting rights ( ) Other (specify): Transfer out (X) 3. Full name of person(s) subject to the notification obligation: Majedie Asset Management Ltd 4. Full name of shareholder(s) (if different from 3.) 5. Date of the transaction (and date on which the threshold is crossed or reached if different): 25 October 2007 6. Date on which issuer notified: 25 October 2007 7. Threshold(s) that is/are crossed or reached: Below 5% 8. Notified details: A. Voting rights attached to shares Class/type of shares (if possible using the Ordinary (GB000563420)ISIN code) Situation previous to Resulting situation after the triggering transaction the triggering transactionNumber of Number of Number of Number of voting % of voting rightsShares Voting shares rights Rights Direct Direct Indirect Direct Indirect 3,670,277 3,670,277 3,547,520 4.87% B. Financial Instruments Resulting situation after the triggering transactionType of Expiration Exercise/ Number of voting % of votingfinancial date Conversion Period/ rights that may rightsinstrument Date be acquired if the instrument is exercised/ convertedTotal (A+B)Number of voting rights % of voting rights 3,547,520 4.87% 9. Chain of controlled undertakings through which the voting rights and/ or the financial instruments are effectively held, if applicable: Proxy Voting: 10. Name of the proxy holder: 11. Number of voting rights proxy holder will cease to hold: 12. Date on which proxy holder will cease to hold voting rights: 13. Additional information: Majedie Asset Management Ltd is a discretionary Fund Manager. It invests funds on behalf of its clients on a segregated basis as well as through its pooled vehicle Majedie Asset Management Investment Fund Company. 14: Contact name: Sundip Singh Shihn 15. Contact telephone number: 020 7618 3917 This information is provided by RNS The company news service from the London Stock Exchange