Acorn Group PLC - Holding in Company
December 07 1998 - 2:20PM
UK Regulatory
RNS No 7045v
ACORN GROUP PLC
DEALINGS BY SUBSTANTIAL SHAREHOLDERS
1) NAME OF COMPANY
ACORN GROUP PLC
2) NAME OF SHAREHOLDER HAVING A MAJOR INTEREST
SCHRODERS INVESTMENT MANAGEMENT LTD
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 NOTIFICATION
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 NOTIFICATION
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
10) Date of transaction
NOT NOTIFIED
11) Date company informed
7/12/98
12) Total holding following this notification
17,080,926
13) Total percentage holding of issued class following this notification
18.443%
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..7/12/98...............
Letter to: Acorn Computer Group plc
ACORN COMPUTER GROUP PLC
10p ORDINARY SHRES ("SHARES")
We write to advise you that we, Schroder Investment Management Limited, have an
interest in 17,080,926 shares which are held in portfolios managed by us on a
discretionary basis for clients under investment management agreements.
Our aggregate interest represents 18.443% of your company's issued share
capital, which we understand to be 92,612,793 shares.
Included in this figure are:-
(i) 12,344,856 shares registered or to be registered in the name of our
wholly-owned subsidiary nominee company, Schroder Nominees Limited
(Schroder Nominees),
(ii) 4,736,070 shares neither registered nor to be registered in the name of
Schroder Nominees or Popeshead. The registration details are shown in the
enclosed schedule.
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 of ourselves.
We shall be greatful if you will kindly confirm the total number of shares
currently in issue.
In addition please let us know whether your company or any of its subsidiaries
is either:-
(i) authorised by any of the Financial Services Act 1986 (FSA) regulators,
namely IMRO, PIA or SFA, or by any regulator in the European Union outside
the United Kingdom, or
(ii) a listed money market institution under Section 43 FSA.
Letter from: Paul Martin
(Compliance Manager)
ACORN COMPUTER GROUP PLC
10p ORDINARY SHARES
SCHEDULE
REGISTRATION AMOUNT
Chase Manhattan Nominees Limited 1,327,798
Chase Nominees Limited 1,673,070
Nortrust Nominees Limited 253,000
Credit Suisse Zurich 750,000
MSS Nominees Limited 732,202
----------
4,736,070
END
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