Kenwood Appliances - Holding in Company
July 19 1999 - 5:42AM
UK Regulatory
RNS No 5920t
KENWOOD APPLIANCES PLC
19th July 1999
The Company was advised on Friday (16th July 1999) by Schroder Investment
Management Limited of the following:
"KENWOOD APPLIANCES PLC
10p ORDINARY SHARES ("SHARES")
"Schroder Investment Management Limited have an interest in 4,935,278 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) 745,208 shares registered or to be registered in the name of a
wholly-owned subsidiary nominee company, Schroder Nominees Limited,
(ii) 3,903,320 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) 286,750 shares registered or to be registered in the name of Nortrust
Nominees Limited.
They believe that they and their subsidiary companies are therefore interested
in an overall aggregate of 4,935,278 shares, representing some 10.761% 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 SUTL in relation to the interests it is treated as having
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 Schroder Investment Management Limited."
END
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