Acorn Group PLC - Holding in Company
November 13 1997 - 5:38AM
UK Regulatory
RNS No 3782b
ACORN GROUP PLC
DEALINGS BY SUBSTANTIAL SHAREHOLDERS
1) NAME OF COMPANY
ACORN GROUP PLC
2) NAME OF SHAREHOLDER HAVING A MAJOR INTEREST
SCHRODER INVESTMENT MANAGEMENT LIMITED
3) Please state whether notification indicates that it is in respect of holding
of the Shareholder named in 2 above or in respect of a non-beneficial
interest or in the case of an individual holder if it is a holding of that
person's spouse or children under the age of 18
PLEASE SEE BELOW
4) Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them.
PLEASE SEE BELOW
5) Number of shares/amount of stock acquired.
NOT NOTIFIED
6) ( N/A %) of issued Class
7) Number of shares/amount of stock disposed
NOT NOTIFIED
8) ( N/A %) of issued Class
9) Class of security
10P ORDINARY SHARES
10) Date of transaction
NOT NOTIFIED
11) Date company informed
12 NOVEMBER 1997
12) Total holding following this notification
17,477,720
13) Total percentage holding of issued class following this notification
19.06%
14) Any additional information
N/A
15) Name of contact and telephone number for queries
RICHARD CONWAY
01223 725000
16) Name and signature of authorised company official responsible for making
this notification
Date of Notification.....12 NOVEMBER 1997...
LETTER TO ACORN COMPUTER GROUP PLC
ACORN COMPUTER GROUP PLC 12 November 1997
10P ORDINARY SHARES ("SHARES")
We write to advise you that we, Schroder Investment Management Limited, have an
interest in 17,477,720 shares which are held in portfolios managed by us on a
discretionary basis for clients under investment management agreements.
Our aggregate interest represents 19.085% of your company's issued share
capital, which we understand to be 91,577,293 shares.
Included in this figure are:-
(i) 13,458,720 shares registered or to be registered in the name of our wholly
owned subsidiary nominee company, Schroder Nominees Limited (Schroder Nominees).
(ii) 49,000 shares held in (a) unit trust(s) operated and managed by another
wholly-owned subsidiary, Schroder Unit Trusts Limited (SUTL), and registered or
to be registered in the name of Popeshead Nominees Limited (Popeshead), and
(iii) 3,970,000 shares neither registered nor to be registered in the name of
Schroder Nominees or Popeshead. The registration details are shown on Schedule
A.
This notification is made to you:-
(a) in respect of our interest as investment managers and also by virtue of the
fact that we are the parent company of SUTL,
(b) on behalf of SUTL in relation to the interest it is treated as having under
the Companies Act 1985 (the Act), and
(c) on behalf of Schroders plc, our holding company, which is treated as having
an interest in all of the above shares under the Act by virtue of its ownership
and ourselves.
LETTER FROM PAUL MARTIN
(COMPLIANCE MANAGER)
SCHRODER INVESTMENT MANAGEMENT LIMITED
10P ORDINARY SHARES
SCHEDULE A
REGISTRATION AMOUNT
Chase Manhattan Nominees Ltd 845,000
Chase Nominees Ltd 1,815,000
Nortrust Nominees Ltd 310,000
Credit Suisse Zurich 1,000,000
----------
3,970,000
END
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