Interest notified under Section 198 Companies Act 1985
12 Jul 2005
Halma p.l.c. received the following notification on 8 July 2005 from Silchester International Investors Limited.
Silchester International Investors Limited ("Silchester") acts as an Investment Manager for a number of commingled funds (its "Clients"). In acting for its Clients, Silchester are given full discretion over their investments, and are empowered to vote on their behalf. However, Silchester do not act as their Custodian, and therefore shares are not held in the name of Silchester, but in the nominee name of its Clients' Custodian bank.
In addition, Silchester holds 49.9% of the issued share capital of Sanderson Asset Management Limited ("Sanderson"), a UK limited company that also acts as an Investment Manager for a number of commingled funds and separate accounts. In acting for its clients, Sanderson are given full discretion over their investments, and are empowered to vote on their behalf. However, Sanderson do not act as its clients' Custodian and therefore shares are not held in Sanderson's name, but in the nominee name of Sanderson's clients' Custodian bank. Silchester's share ownership in Sanderson does not allow Silchester to exercise any direct or indirect control over Sanderson's investment strategy, philosophy or implementation, the investments that Sanderson may purchase or sell on behalf of its clients, or the manner in which Sanderson may vote proxies that arise from its client investments. However, Silchester is deemed to have an 'interest' in shares that Sanderson controls by virtue of Section 203(2)(b) of the Companies Act 1985.
Recent purchases/sales of shares in Halma p.l.c. by Silchester, on behalf of its clients, have resulted in Silchester having an interest in the following shares (also see table below):
SILCHESTER 65,887,378
Recent purchases/sales of shares in Halma p.l.c. by Sanderson, on behalf of its clients, have resulted in Sanderson having an interest in the following shares, and Silchester having an interest over the same shares for the purposes of Section 203(2)(6) of the Companies Act 1985 (also see table below):
SANDERSON 10,078,500
Silchester's records show that Halma p.l.c. have the following shares in that class:
HALMA p.l.c. 368,800,919
As such, Silchester has an interest over 20.60% of the shares of that class. One of Silchester's clients controls 11.33% of the shares of that class and another client controls 5.02%. This interest is being notified in fulfillment of the obligations imposed by Sections 198-202 of the Companies Act 1985. Silchester does not have an interest mentioned in Section 208(5) of the Companies Act 1985 in any of the shares to which this notification relates. Registered holder(s) and the number of shares held by each of them:
Silchester International Investors Limited
Client ownership
| Silchester Account | Nominee | % of Class | Share-holding | Voting Authority |
|---|
| Silchester International Investors International Value Equity Group Trust |
Northern Trust Co |
5.02 |
18,517,637 |
Yes |
|---|
| Silchester International Investors Tobacco Free International Value Equity Trust |
Northern Trust Co |
0.80 |
2,968,657 |
Yes |
|---|
| Silchester International Investors International ValueEquity Trust |
Northern Trust Co |
11.33 |
41,792,919 |
Yes |
|---|
| The Calleva Trust |
Northern Trust Co |
0.71 |
2,608,165 |
Yes |
|---|
|
|
Total |
65,887,378 |
|
Sanderson Asset Management Limited
Client ownership
| Silchester Account | Nominee | % of Class | Share-holding | Voting Authority |
|---|
| BUST |
Northern Trust Co |
0.88 |
3,249,000 |
Yes |
|---|
| GRIT |
Northern Trust Co |
0.42 |
1,553,000 |
Yes |
|---|
| OCEAN |
Northern Trust Co |
0.04 |
158,500 |
Yes |
|---|
| PEARL |
Northern Trust Co |
0.02 |
60,000 |
Yes |
|---|
| RIVAL |
Northern Trust Co |
0.03 |
113,000 |
Yes |
|---|
| STAMP |
Northern Trust Co |
0.05 |
191,000 |
Yes |
|---|
| TRAY |
Northern Trust Co |
0.25 |
938,600 |
Yes |
|---|
| WINDY |
Northern Trust Co |
0.07 |
253,000 |
Yes |
|---|
| CAT |
Pictet & Cie |
0.06 |
206,000 |
Yes |
|---|
| DYN |
State Street |
0.06 |
228,000 |
Yes |
|---|
| EUF |
State Street |
0.20 |
730,000 |
Yes |
|---|
| IVF |
State Street |
0.07 |
266,000 |
Yes |
|---|
| MINI |
State Street |
0.17 |
613,000 |
Yes |
|---|
| GOLF |
Bank of New York |
0.04 |
152,000 |
Yes |
|---|
| TIME |
Bank of New York |
0.01 |
52,000 |
Yes |
|---|
| INGOT |
Mellon Trust |
0.10 |
352,000 |
Yes |
|---|
| OVAL |
Mellon Trust |
0.09 |
324,400 |
Yes |
|---|
| WHEAT |
Mellon Trust |
0.10 |
361,000 |
Yes |
|---|
| RAIN |
Citigroup |
0.08 |
278,000 |
Yes |
|---|
|
|
Total |
10,078,500 |
|
|---|
Contact for further information:
Kevin Thompson, Finance Director, Halma p.l.c Tel: +44 (0)1494 721111
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Interest Notified under Section 198 Companies Act 1985
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