TR-1 NOTIFICATION OF MAJOR INTERESTS IN SHARES
1. Identity of the issuer or the underlying issuer of
existing shares to which voting rights are attached: ST IVES PLC
2. Reason for the notification (please tick the appropriate box or boxes)
An acquisition or disposal of voting rights X
An acquisition or disposal of qualifying financial instruments which N/A
may result in the acquisition of shares already issued to which voting
rights are attached
An acquisition or disposal of instruments with similar economic effect N/A
to qualifying financial instruments
An event changing the breakdown of voting rights N/A
Other (please specify): N/A
3. Full name of person(s)
subject to SILCHESTER INTERNATIONAL INVESTORS LLP
the notification obligation:
4. Full name of shareholder
(s) SILCHESTER INTERNATIONAL INVESTORS INTERNATIONAL
(if different from 3.): VALUE EQUITY TAXABLE TRUST
SILCHESTER INTERNATIONAL INVESTORS INTERNATIONAL
VALUE EQUITY TRUST
SILCHESTER INTERNATIONAL INVESTORS INTERNATIONAL
VALUE EQUITY GROUP TRUST
SILCHESTER INTERNATIONAL INVESTORS TOBACCO FREE
INTERNATIONAL VALUE EQUITY TRUST
THE CALLEVA TRUST
5. Date of the transaction (and date on which the 16-06-11
threshold is crossed or reached if different):
6. Date on which issuer notified: 17-06-11
7. Threshold(s) that is/are crossed or reached: 16% to 15%
8. Notified details:
A: Voting rights attached to shares
Class/type of Situation previous to Resulting situation after the triggering
shares the triggering transaction
transaction
(if possible
using the Number of Number of Number of Number of voting % of voting
ISIN CODE) shares Voting shares rights rights
Rights
Direct Direct Indirect Direct Indirect
GB0007689002 17,877,130 17,877,130 16,250,906 16,250,906 N/A 15.35% N/A
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of Expiration Exercise / Number of voting % of voting
financial date Conversion rights that may be rights
instrument Period / acquired if the
Date instrument is
exercised/converted
N/A N/A N/A N/A N/A
C: Financial Instruments with similar economic effect to Qualifying
Financial Instruments
Resulting situation after the triggering transaction
Type of Exercise Expiration Exercise / Number of % of voting
financial price date Conversion voting rights rights
instrument period instrument
refers to
Nominal Delta
N/A N/A N/A N/A N/A N/A N/A
Total (A + B + C)
Number of voting rights % of voting rights
16,250,906 15.35%
9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:
N/A
Proxy Voting:
10. Name of the proxy holder: SILCHESTER INTERNATIONAL
INVESTORS LLP
11. Number of voting rights proxy holder will N/A
cease to hold:
12. Date on which proxy holder will cease to hold N/A
voting rights:
13. Additional information: SILCHESTER INTERNATIONAL INVESTORS LLP
("SILCHESTER") ACTS AS INVESTMENT MANAGER FOR THE
CLIENTS DETAILED IN QUESTION 4 ABOVE (OUR
"CLIENTS"). IN ACTING FOR OUR CLIENTS SILCHESTER
IS GIVEN FULL DISCRETION OVER THEIR INVESTMENTS
AND IS EMPOWERED TO VOTE ON THEIR BEHALF. HOWEVER
SILCHESTER DOES NOT ACT AS OUR CLIENTS' CUSTODIAN
AND THEREFORE SHARES ARE NOT HELD IN SILCHESTER'S
NAME BUT IN THE NAME OF EACH CLIENT'S CUSTODIAN
BANK.
THE DECREASE IN SILCHESTER'S HOLDINGS WAS DUE TO A
SERIES OF TRANSACTIONS OVER A SERIES OF DIFFERENT
TRADING DAYS. DETAILS OF THE NUMBER OF SHARES HELD
BEFORE THE CHANGE (SHOWN IN SECTION A `SITUATION
PREVIOUS TO THE TRIGGERING TRANSACTION' ABOVE),
REPRESENT THE SHARES HELD BY SILCHESTER'S CLIENTS
AS OF THE DATE OF OUR LAST NOTICE OF SUBSTANTIAL
SHAREHOLDER'S INTEREST AND NOT AS OF THE LAST
TRADING DAY BEFORE WHICH THIS DISCLOSURE LEVEL WAS
TRIGGERED.
NOTIFICATION IS PROVIDED BASED ON THE TOTAL VOTING
RIGHTS FIGURE OF 105,848,507.
14. Contact name: ANISH KUMAR, COMPLIANCE
SILCHESTER INTERNATIONAL INVESTORS LLP
TIME & LIFE BUILDING
1 BRUTON STREET, 5TH FLOOR
LONDON W1J 6TL
15. Contact telephone 020 7518 7124
number:
****************************************
Enquiries:
Philip Harris
Company Secretary, St Ives plc
(T) 020 7928 8844 x337
20 June 2011
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
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