1 Sep 2011 13:51

TR-1(i): NOTIFICATION OF MAJOR INTERESTS IN SHARES
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1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:
STM Group plc
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2. Reason for the notification (please state Yes/No): ( )
An acquisition or disposal of voting rights: ( Yes )
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 (please specify): ( )
3. Full name of person(s) subject to the notification obligation:
Southern Rock Insurance Co. LtdArron BanksPaul Chase-GardnerRock Holdings Ltd
4. Full name of shareholder(s) (if different from 3.):
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STM Fidecs Nominees LtdRene Nominees LtdBarclays Stock Brokers LtdRock Nominees Ltd
5. Date of the transaction (and date on which the threshold is crossed or reached if different):
30/06/2011
6. Date on which issuer notified:
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30/08/2011
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7. Threshold(s) that is/are crossed or reached:
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13%
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8. Notified details:
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A: Voting rights attached to shares:
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Class/type of shares if possible using the ISIN CODE | Situation previous to the Triggering transaction | |
Number of shares | Number of voting Rights | |
IM00B1S9KY98Ord 0.1p | 5,229,606 | 12.25% |
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Resulting situation after the triggering transaction (vii)
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Class/type of shares if possible using the ISIN CODE | Number of shares | Number of voting rights | % of voting rights | ||
Direct | Direct | Indirect | Direct | Indirect | |
IM00B1S9KY98Ord 0.1p | 5,732,263 | 13.32% | |||
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B: Qualifying Financial Instruments
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Resulting situation after the triggering transaction
Type of financial instrument | Expiration Date | Exercise/Conversion Period | Number of voting rights that may be acquired if the instrument is exercised/ converted. | % of voting rights |
n/a | n/a | n/a | n/a | n/a |
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C: Financial Instruments with similar economic effect to Qualifying Financial Instruments
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Resulting situation after the triggering transaction
Type of financial instrument | Exercise price | Expiration date | Exercise/Conversion Period | Number of voting rights instrument refers to | % of voting rights | |
Nominal | Delta | |||||
n/a | n/a | n/a | n/a | n/a | n/a | n/a |
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Total (A+B+C)
Number of voting rights | % of voting rights |
5,732,263 | 13.32% |
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9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
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Rene Nominees Ltd (Southern Rock Insurance Company Ltd) 3,870,000 Shares 8.99%
Rene Nominees Ltd (Rock Holdings Ltd) 290,000 Shares 0.67%
Rene Nominees Ltd (Arron Banks) 752,138 Shares 1.75%
Barclays Stockbrokers Ltd (Paul Chase-Gardener) 138,109 Shares 0.32%
Rock Nominees Ltd (Paul Chase-Gardener) 394,500 Shares 0.92%
STM Fidecs Nominees Ltd (Paul Chase-Gardener) 287,516 Shares 0.67%
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Both Arron Banks and Paul Chase-Gardener are connected to Southern Rock Insurance Company Ltd and Rock Holdings Ltd, being major shareholders in Rock Holdings Ltd. Rock Holdings Ltd is a major shareholder in Southern Rock Insurance Company Ltd.
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Therefore, together, Southern Rock Insurance Company, Rock Holdings Ltd., Arron Banks and Paul Chase-Gardener are interested in 5,732,263 shares in STM Group Plc, representing approximately 13.32% of the Company's issued share capital. Based on company share issue of 43,026,602.
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Proxy Voting:
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10. Name of the proxy holder:
n/a
11. Number of voting rights proxy holder will cease to hold:
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n/a
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12. Date on which proxy holder will cease to hold voting rights:
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n/a
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13. Additional information:
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n/a
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14. Contact name:
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Andrea Falcon
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15. Contact number:
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+44 (0) 1454 634 853
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