Kenwood Appliances - Holding in Company
July 27 1998 - 12:11PM
UK Regulatory
RNS No 8565m
KENWOOD APPLIANCES PLC
27th July 1998
The Company has been advised today (27th July 1998) by Schroder Investments
Management Limited of the following:
"KENWOOD APPLIANCES PLC
10p ORDINARY SHARES ("SHARES")
"Schroder Investment Management Limited have an interest in 5,936,115 shares
which are held in portfolios managed by them on a discretionary basis for
clients under investment management agreements.
"Included in this figure are:
(i) 1,095,975 shares registered or to be registered in the name of a
wholly-owned subsidiary nominee company, Schroder Nominees Limited,
(ii) 4,564,390 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, and
(iii) 193,750 shares registered or to be registered in the name of Nortrust
Nominees Limited,
(iv) 82,000 shares registered or to be registered in the name of
Chase Nominees Ltd. A/C: SM
An affiliated company, Schroder Capital Management International Inc. (SCMI Inc)
is managing (a) portfolio(s) on a similar basis holding a further 400,000 shares
registered or to be registered in the name of Chase Nominees Limited.
They believe that they and their subsidiary and affiliated companies are
therefore interested in an overall aggregate of 6,336,115 shares, representing
some 13,816% of the total number of shares in issue, namely 45,860,008 shares.
This notification is made:
(a) in respect of their interest as investment managers and also by virtue
of the fact that they are the parent company of SUTL,
(b) on behalf of SCMI Inc, and SUTL in relation to the interests they are
treated as having respectively under the Companies Act 1985 (the Act),
and
(c) on behalf of Schroders plc., their holding company, which is treated
as having an interest in all of the above shares under the Act by
virtue of its ownership of SCMI Inc and ourselves."
END
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