Northgate PLC
6 November 2000
Northgate plc
DIRECTOR'S SHAREHOLDING
Michael Waring, the Chairman of the Company, is currently deemed to be
interested in 2,815,100 Northgate plc ordinary shares of 5p each, as disclosed
in the Company's Annual Report dated 30 April 2000. All of these shares,
other than 15,100 shares beneficially owned by Mr. Waring, are owned by Zatto
Group S.A. and Visco Establishment, companies ultimately controlled by various
Waring Family Trusts, of certain of which Mr. Waring and his family are
discretionary beneficiaries.
Mr Waring has notified the Company that a reorganisation will shortly be
effected, whereby the Northgate plc shares held by these companies will be
distributed mainly to the individual Waring Family Trusts or to companies
which these trusts individually control. As a result of this reorganisation
Mr. Waring will consequently be deemed to be interested in (subject to minimal
rounding adjustments) 1,640,712 shares in the Company, representing
approximately 2.7 percent of the Company's issued ordinary share capital.
The reorganisation will take place in several stages and is expected to be
completed during the early part of 2001. On completion a further announcement
will be made.
Enquiries: David Henderson, Northgate plc, Tel: 01325 467 558
*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.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.