Holding(s) in Company
SCHEDULE 10
NOTIFICATION OF MAJOR INTERESTS IN SHARES
1. Name of company
ST IVES PLC
2. Name of shareholder having a major interest
SILCHESTER INTERNATIONAL INVESTORS LIMITED
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 ATTACHED 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 ATTACHED NOTIFICATION
5. Number of shares/amount of stock acquired
N/A
6. Percentage of issued class
N/A
7. Number of shares/amount of stock disposed
N/A
8. Percentage of issued class
N/A
9. Class of security
ORDINARY SHARES OF 10P EACH
10. Date of transaction
N/A
11. Date company informed
1 AUGUST 2006
12. Total holding following this notification
18,591,470
13. Total percentage holding of issued class following this notification
17.95%
14. Any additional information
ST IVES PLC'S ISSUED SHARE CAPITAL AS AT 1 AUGUST 2006 IS 103,551,005 ORDINARY
SHARES OF 10P EACH
15. Name of contact and telephone number for queries
PHILIP HARRIS TELEPHONE: 020 7928 8844
16. Name and signature of authorised company official responsible for making
this notification
PHILIP HARRIS, COMPANY SECRETARY, ST IVES PLC
17. Date of notification
1 AUGUST 2006
LETTER TO ST IVES PLC ON SILCHESTER INTERNATIONAL INVESTORS LIMITED HEADED
PAPER
Company Secretary
ST IVES PLC
St Ives House
Lavington Street
London
SE1 0NX
Fax no.: 020 7902 6566
31st July 2006
Dear Company Secretary
Silchester International Investors Limited ("Silchester") acts as an Investment
Manager for a number of commingled funds ("our Clients"). In acting for our
Clients, we are given full discretion over their investments, and are empowered
to vote on their behalf. However, we do not act as their Custodian and
therefore shares are not held in our name, but in the nominee name of our
Clients' Custodian bank.
Silchester previously disclosed its holding in your company jointly with shares
controlled by Sanderson Asset Management Limited ("Sanderson") for the purposes
of Section 198 of the Companies Act 1985. These disclosures were required
because, prior to 28th July 2006, Silchester was deemed to have an `interest'
in shares that Sanderson controls by virtue of Section 203(2)(b) of the
Companies Act 1985 due to Silchester's control of more than one-third of the
voting capital of Sanderson. On 28th July 2006, Sanderson amended its Articles
to limit Silchester's voting rights in Sanderson to 19.9%.
Due to this change in structure, Silchester is no longer required to jointly
disclose shares in your company under Section 198 of the Companies Act 1985.
Silchester, as at the close of business on 28th July 2006, has an interest in
the following shares (also see attached):
SILCHESTER 18,591,470
Our records show that you have the following shares in that class:
ST IVES PLC 103,551,005
For your information, we exercise control over 17.95% of the shares of that
class and, of that, two of our clients control 11.49% and 4.8%.
Yours faithfully,
ALISON RAVENSCROFT
Head of Dealing
SILCHESTER INTERNATIONAL INVESTORS LIMITED - CLIENT OWNERSHIP
Company:
ST IVES PLC Attention: Company Secretary
Share Class: Address: St Ives House
ORDINARY Lavington Street
London
Issued Shares: SE1 0NX
103,551,005 Fax No: 0207 902
6566
SII Client Ownership:
18,591,470 Date: 31 July 2006
% of Shares
17.95
SII Account Nominee Silchester Silchester %
Voting Current Holding
Authority Share at Fund
Holding Level
Silchester International Investors Northern YES 4,968,150 4.80
International Value Equity Group Trust
Trust Company
c/o Silchester International
Investors, Inc.
780 Third Avenue, 42nd Floor,
New York, New York 10017
Silchester International Investors Northern YES 819,429 0.79
Tobacco Free International Value Trust
Equity Trust Company
c/o Silchester International
Investors, Inc.
780 Third Avenue, 42nd Floor,
New York, New York 10017
Silchester International Investors Northern YES 11,895,291 11.49
International Value Equity Trust Trust
c/o Silchester International Company
Investors, Inc.
780 Third Avenue, 42nd Floor,
New York, New York 10017
The Calleva Trust Northern YES 908,600 0.88
c/o The Bank of Bermuda Limited Trust
The Bank of Bermuda Building Company
6 Front Street, Hamilton HM11,
Bermuda
TOTAL 18,591,470