Holding(s) in Company

 

TIDMSOM 
 
RNS Number : 3663T 
Somero Enterprises Inc. 
04 June 2009 
 

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| PRESS ANNOUNCEMENT                                                                                              | 
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|                                                                                                                 | 
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| FOR IMMEDIATE RELEASE                                                                                           | 
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|                                                                        |                                        | 
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| 4 June 2009                                                            |                                        | 
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|                                                                                                                 | 
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| SOMERO ENTERPRISES, INC.                                                                                        | 
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|                                                                                                                 | 
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| TR-1: Notifications of Major Interests in Shares                                                                | 
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|                                                                                                                 | 
+-----------------------------------------------------------------------------------------------------------------+ 
| 1. Identity of the issuer or the underlying issuer of existing               | Somero Enterprises, Inc.      | 
| shares to which voting rights are attached:                                  |                               | 
+------------------------------------------------------------------------------+-------------------------------+ 
|                                                                                                              | 
+--------------------------------------------------------------------------------------------------------------+ 
| 2. Reason for notification (yes/no)                                          |                               | 
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|                                                                                                              | 
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| An acquisition or disposal of voting rights                                  |                               | 
+------------------------------------------------------------------------------+-------------------------------+ 
|                                                                                                              | 
+--------------------------------------------------------------------------------------------------------------+ 
| An acquisition or disposal of financial instruments which may                |                               | 
| result in the acquisition of shares already issued to which                  |                               | 
| voting rights are attached                                                   |                               | 
+------------------------------------------------------------------------------+-------------------------------+ 
|                                                                                                              | 
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| An event changing the breakdown of voting rights                             |                               | 
+------------------------------------------------------------------------------+-------------------------------+ 
|                                                                                                              | 
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| Other (please specify):                                                      | Yes - initial notification    | 
|                                                                              | due to new FSA rules          | 
+------------------------------------------------------------------------------+-------------------------------+ 
|                                                                                                              | 
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| 3. Full name of person(s) subject to notification obligation:                | Toscafund Asset Management    | 
|                                                                              | LLP                           | 
|                                                                              | Tosca Small Cap               | 
+------------------------------------------------------------------------------+-------------------------------+ 
|                                                                                                              | 
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| 4. Full name of shareholder(s) (if different from 3):                        | Tosca Small Cap               | 
+------------------------------------------------------------------------------+-------------------------------+ 
|                                                                                                              | 
+--------------------------------------------------------------------------------------------------------------+ 
| 5. Date of transaction (and date on which the threshold is                   | 1 June 2009                   | 
| crossed or reached if different):                                            |                               | 
+------------------------------------------------------------------------------+-------------------------------+ 
|                                                                                                              | 
+--------------------------------------------------------------------------------------------------------------+ 
| 6. Date on which issuer notified:                                            | 3 June 2009                   | 
+------------------------------------------------------------------------------+-------------------------------+ 
|                                                                                                              | 
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| 7. Threshold(s) that is/are crossed or reached:                              | 12%                           | 
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|                                                                                                              | 
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| 8: Notified Details                                                          |                               | 
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|                                                                                                              | 
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| A: Voting rights attached to shares                                                   |                      | 
+---------------------------------------------------------------------------------------+----------------------+ 
|                                                                                                              | 
+--------------------------------------------------------------------------------------------------------------+ 
| Class/type of      | Situation            | Resulting situation after the triggering transaction             | 
| shares             | previous to the      |                                                                  | 
|                    | triggering           |                                                                  | 
|                    | transaction          |                                                                  | 
+--------------------+----------------------+------------------------------------------------------------------+ 
|                                                                                                              | 
+--------------------------------------------------------------------------------------------------------------+ 
| If possible  | Number     | Number     | Number of  | Number of voting rights      | Percentage of voting    | 
| use ISIN     | of         | of         | shares     |                              | rights                  | 
| code         | shares     | voting     |            |                              |                         | 
|              |            | rights     |            |                              |                         | 
+--------------+------------+------------+------------+------------------------------+-------------------------+ 
|              |            |            | Direct     | Direct        | Indirect     | Direct       | Indirect | 
+--------------+------------+------------+------------+---------------+--------------+--------------+----------+ 
|                                                                                                              | 
+--------------------------------------------------------------------------------------------------------------+ 
| USU834501038 | 2,300,000  | 2,300,000  | N/A        | 0             | 2,300,000    | 0         | 6.709%      | 
+--------------+------------+------------+------------+---------------+--------------+-----------+-------------+ 
|                                                                                                              | 
+--------------------------------------------------------------------------------------------------------------+ 
| B: Qualifying Financial Instruments                                                                          | 
+--------------------------------------------------------------------------------------------------------------+ 
|                                                                                                              | 
+--------------------------------------------------------------------------------------------------------------+ 
| Resulting situation after the triggering transaction                                                         | 
+--------------------------------------------------------------------------------------------------------------+ 
|                                                                                                              | 
+--------------------------------------------------------------------------------------------------------------+ 
| Type of financial     | Expiration  | Exercise/        | Number of voting                | % of voting       | 
| instrument            | date        | Conversion       | rights that may be              | rights            | 
|                       |             | Period           | acquired if the                 |                   | 
|                       |             |                  | instrument is                   |                   | 
|                       |             |                  | exercised/ converted.           |                   | 
+-----------------------+-------------+------------------+---------------------------------+-------------------+ 
|                       |             |                  |                                 |                   | 
+-----------------------+-------------+------------------+---------------------------------+-------------------+ 
|                                                                                                              | 
+--------------------------------------------------------------------------------------------------------------+ 
| 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 rights               | 
| financial          | price      | date       | Conversion | voting        |                                  | 
| instrument         |            |            | period     | rights        |                                  | 
|                    |            |            |            | instrument    |                                  | 
|                    |            |            |            | refers to     |                                  | 
+--------------------+------------+------------+------------+---------------+----------------------------------+ 
|                                                                           | Nominal         | Delta          | 
+---------------------------------------------------------------------------+-----------------+----------------+ 
| CFD                | -          | -          |                | 2,100,000 | 6.126%          |                | 
+--------------------+------------+------------+----------------+-----------+-----------------+----------------+ 
|                                                                                                              | 
+--------------------------------------------------------------------------------------------------------------+ 
| Total (A+B+C)                                                                                                | 
+--------------------------------------------------------------------------------------------------------------+ 
|                                                                                                              | 
+--------------------------------------------------------------------------------------------------------------+ 
| Number of voting rights                          | Percentage of voting rights                               | 
+--------------------------------------------------+-----------------------------------------------------------+ 
|                                                                                                              | 
+--------------------------------------------------------------------------------------------------------------+ 
| 4,400,000                                        | 12.835%                                                   | 
+--------------------------------------------------+-----------------------------------------------------------+ 
|                                                                                                              | 
+--------------------------------------------------------------------------------------------------------------+ 
| 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 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:                                                     | -                          | 
+---------------------------------------------------------------------------------+----------------------------+ 
|                                                                                 |                            | 
+---------------------------------------------------------------------------------+----------------------------+ 
| 14 Contact name:                                                                | Nikki Wood                 | 
+---------------------------------------------------------------------------------+----------------------------+ 
|                                                                                 |                            | 
+---------------------------------------------------------------------------------+----------------------------+ 
| 15. Contact telephone name:                                                     | 020 7845 6100              | 
+--------------+-----+--+---+-----+---+--+--+--+---+--+--+--+---+-----+--+--+--+--+--+--+--+--+--+--+----------+--+ 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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