Holding in Company
November 26 2001 - 2:05AM
UK Regulatory
RNS Number:6693N
Future Network PLC
23 November 2001
THE FUTURE NETWORK PLC
Notification of Substantial Interest in Shares
The Future Network plc ("the Company") announced on 20 November 2001 that Morgan
Stanley Dean Witter & Co was interested in 31,556,274 ordinary shares of 1p each
in the capital of The Future Network plc, including 22,605,538 shares in which
it was interested pursuant to a security interest granted to Morgan Stanley & Co
Inc in connection with a loan repayable on demand, made on 28 and 29 February
2000.
The Future Network plc has subsequently received notification from Morgan
Stanley Dean Witter & Co that following:
(a) the sale, pursuant to a supplemental placing agreement entered into between
Chris Anderson and Morgan Stanley & Co International Limited on 9 November 2001,
of 12,000,000 shares which were owned by Christopher Anderson; and
(b) the issue to placees of 7,128,663 shares representing rights not taken up by
shareholders under the rights issue announced by the Company on 28 September
2001;
Morgan Stanley Dean Witter & Co and Morgan Stanley & Co Inc have ceased to have
any notifiable interest for the purposes of the Companies Act 1985 in the share
capital of the Company.
For more information:
Rob Day, Company Secretary
The Future Network plc 0207 533 2988
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