Holding in Company
October 19 2001 - 3:05AM
UK Regulatory
RNS Number:8433L
CLS Holdings PLC
18 October 2001
LETTER TO CLS HOLDINGS PLC
LETTER DATED 10 OCTOBER 2001
Notification pursuant to s198 Companies Act 1985 ("the Act")
Dresdner Kleinwort Wasserstein Group Limited ("DrKWG") is an indirect subsidiary
of Allianz AG.
The shares in DrKWG are held by Dresdner Investments (UK) Limited ("Dresdner
Investments"), a direct subsidiary of Zenon Beteiligungs GmbH ("Zenon"), a
direct subsidiary of Dresdner Bank AG. Dresdner is a direct subsidiary of
Allianz Finanzbeteiligungs GmbH ("Allianz Finanz") which is itself a direct
subsidiary of Allianz AG.
DrKWG is the holding company of Kleinwort Benson Investment Management Holdings
Limited ("KBIMH"), together with its subsidiaries. As a result of s203(2) of the
Act, Allianz AG, Allianz Finanz, Dresdner, Dresdner Investments, Zenon and DrKWG
are interested in the CLS Holdings plc ordinary 25p shares in which KBIMH
together with its subsidiaries are interested.
Following your recent reduction of issued share capital, we hereby notify you
that the combined disclosable interest of Allianz AG, amounts to 18,996,022
shares representing 18.46% (previously 18.083%) of the ordinary issued share
capital of 102,901,423 shares issued by CLS Holdings plc, as advised by you.
The present position in respect of the disclosable interests of the subsidiaries
of Allianz is as follows: -
- Kleinwort Benson (Guernsey) Trustees Limited is interested in 18,894,054
shares representing 18.361% (previously 17.984%) of the issued capital.
- Kleinwort Benson Channel Islands Limited, KBIM International Limited and
KBIMH are interested in 18,894,054 shares representing 18.361%
(previously 17.984%) of the issued capital. The interests of these
companies arise as a result of s203(2) of the Act.
Whilst these shares are not beneficially held, we are advised that, in certain
circumstances, we are required to disclose these shareholdings pursuant to the
Act.
This announcement is made by DrKWG on behalf of Allianz AG and its subsidiaries.
LETTER FROM DRESDNER KLEINWORT WASSERSTEIN
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