Holding(s) in Company

 

TIDMSOV 
 
RNS Number : 6626S 
SovGEM Limited 
21 May 2009 
 

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| TR-1: Notifications of Major Interests in Shares                            | 
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| 1. Identity of the issuer or the underlying   | SovGEM Limited               | 
| issuer of existing shares to which voting     |                              | 
| rights are attached:                          |                              | 
+-----------------------------------------------+------------------------------+ 
 
 
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| 2. Reason for notification                                                   | 
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| An acquisition or disposal of voting rights                       |      Yes | 
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| 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):______________                             |          | 
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| 3. Full name of person(s) subject to   | Hargreave Hale Limited              | 
| notification obligation:               |                                     | 
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| 4. Full name of shareholder(s) (if     | For discretionary clients           | 
| different from 3):                     |                                     | 
+----------------------------------------+-------------------------------------+ 
| 5. Date of transaction (and date on    | 20 May 2009                         | 
| which the threshold is crossed or      |                                     | 
| reached if different):                 |                                     | 
+----------------------------------------+-------------------------------------+ 
| 6. Date on which issuer notified:      | 21 May 2009                         | 
+----------------------------------------+-------------------------------------+ 
| 7. Threshold(s) that is/are crossed or | 5%                                  | 
| reached:                               |                                     | 
+----------------------------------------+-------------------------------------+ 
 
 
 
 
+--------------+--------------+----------+--------------+-----------+----------+-----------+----------+----------+ 
| 8: Notified Details                                                                                            | 
+----------------------------------------------------------------------------------------------------------------+ 
| A: Voting rights attached to shares                                                                            | 
|                                                                                                                | 
+----------------------------------------------------------------------------------------------------------------+ 
| Class/type   | Situation               | Resulting situation after the triggering transaction                  | 
| of shares    | previous to the         |                                                                       | 
| If possible  | triggering              |                                                                       | 
| use ISIN     | transaction             |                                                                       | 
| code         |                         |                                                                       | 
+              +-------------------------+-----------------------------------------------------------------------+ 
|              | Number of    | Number   | Number of shares         | Number of voting     | Percentage of       | 
|              | shares       | of       |                          | rights               | voting rights       | 
|              |              | voting   |                          |                      |                     | 
|              |              | rights   |                          |                      |                     | 
+              +              +          +--------------------------+----------------------+---------------------+ 
|              |              |          | Direct       | Indirect  | Direct   | Indirect  | Direct   | Indirect | 
+--------------+--------------+----------+--------------+-----------+----------+-----------+----------+----------+ 
| Ordinary     | 50,000       | 50,000   |              | 1,270,000 |          | 1,270,000 |          | 5.5762%  | 
| GB00B03XLZ73 |              |          |              |           |          |           |          |          | 
+--------------+--------------+----------+--------------+-----------+----------+-----------+----------+----------+ 
 
 
 
 
 
 
+---------------+---------------+---------------+----------------------+---------------+ 
| B: Financial Instruments                                                             | 
|                                                                                      | 
+--------------------------------------------------------------------------------------+ 
| Resulting situation after the triggering transaction                                 | 
|                                                                                      | 
+--------------------------------------------------------------------------------------+ 
| Type of       | Expiration    | Exercise/     | No. of voting        | Percentage of | 
| financial     | date          | conversion    | rights that          | voting rights | 
| instrument    |               | period/date   | may be               |               | 
|               |               |               | acquired (if         |               | 
|               |               |               | the                  |               | 
|               |               |               | instrument           |               | 
|               |               |               | exercised/converted) |               | 
+---------------+---------------+---------------+----------------------+---------------+ 
|               |               |               |                      |               | 
+---------------+---------------+---------------+----------------------+---------------+ 
 
 
 
 
+--------------------------------------+--------------------------------------+ 
| Total (A+B)                                                                 | 
|                                                                             | 
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| Number of voting rights              | Percentage of voting rights          | 
+--------------------------------------+--------------------------------------+ 
| 1,270,000                            | 5.5762%                              | 
+--------------------------------------+--------------------------------------+ 
 
 
 
 
 
 
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| 9. Chain of controlled undertakings through which the voting rights and /or | 
| the financial instruments are effectively held, if applicable:              | 
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| 1,220,000 of these shares are for unit trusts operated by Marlborough Fund  | 
| Managers Ltd, for which Hargreave Hale manages the investments on a         | 
| discretionary basis. The remaining balance is held on behalf of other       | 
| discretionary clients.                                                      | 
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| Proxy Voting:                                                               | 
|                                                                             | 
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| 10. Name of proxy holder:            |                                      | 
|                                      |                                      | 
+--------------------------------------+--------------------------------------+ 
| 11. Number of voting rights proxy    |                                      | 
| holder will cease to hold:           |                                      | 
|                                      |                                      | 
+--------------------------------------+--------------------------------------+ 
| 12. Date on which proxy holder will  |                                      | 
| cease to hold voting rights:         |                                      | 
|                                      |                                      | 
+--------------------------------------+--------------------------------------+ 
 
 
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| 13. Additional information:          | The denominator used in calculating  | 
|                                      | the percentage holding reported      | 
|                                      | above is 22,775,000                  | 
+--------------------------------------+--------------------------------------+ 
| 14 Contact name:                     | David Clueit                         | 
|                                      |                                      | 
+--------------------------------------+--------------------------------------+ 
| 15. Contact telephone name:          | 01253 754 739                        | 
|                                      |                                      | 
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This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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