Holding(s) in Company

RNS Number : 0050G

Somero Enterprises Inc.

22 June 2012

 



PRESS ANNOUNCEMENT

FOR IMMEDIATE RELEASE

22 June 2012

SOMERO ENTERPRISES, INC.

TR-1: Notifications of Major Interests in Shares

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

Somero Enterprises, Inc.

2. Reason for notification (yes/no)

An acquisition or disposal of voting rights

Yes

An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An event changing the breakdown of voting rights

Other (please specify):

3. Full name of person(s) subject to notification obligation:

Hargreave Hale Limited

4. Full name of shareholder(s) (if different from 3):

Discretionary clients

5. Date of transaction (and date on which the threshold is crossed or reached if different):

23 JANUARY 2012 (CROSS 5% THRESHOLD 5.1631%) Since this date the holding has changed due to a number of acquisitions and disposals resulting in the current position disclosed in section 8 - None of these acquisitions or disposals have crossed any further reporting thresholds.

6. Date on which issuer notified:

30 May 2012

7. Threshold(s) that is/are crossed or reached:

5%

8: Notified Details

A: Voting rights attached to shares

Class/type of shares

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

If possible use ISIN code

Number of shares

Number of voting rights

Number of shares

Number of voting rights

% of voting rights

Indirect

Direct

Indirect

Direct

Indirect

USU834501038

1,913,300

1,913,300

4,266,300

4,266,300

7.56%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date

Exercise/ Conversion Period

Number of voting rights that may be acquired if the instrument is exercised/ converted.

% of voting rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date

Exercise/ Conversion period

Number of voting rights instrument refers to

% of voting rights

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

4,266,300

7.56%

9. Chain of controlled undertakings through which the voting rights and /or the financial instruments are effectively held, if applicable:

3,033,300 of these shares are held for a unit trust operated by Marlborough Fund Managers Ltd, for whom Hargreave Hale Ltd manages the portfolio of investments on a discretionary basis. The remaining shares are held for other Discretionary clients.

N/A

Proxy Voting:

10. Name of proxy holder:

N/A

11. Number of voting rights proxy holder will cease to hold:

N/A

12. Date on which proxy holder will cease to hold voting rights:

N/A

13. Additional information:

Also see section 5 - The 5% was crossed on the 23rd January 2012.

14 Contact name:

David Clueit

15. Contact telephone name:

01253 754739

 

END

 

 

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