CLS Holdings PLC - Holdings in Company
15 June 1999 - 3:23AM
UK Regulatory
RNS No 7925e
CLS HOLDINGS PLC
14 June 1999
Notification on behalf of Dresdner Bank AG
pursuant to s198 Companies Act 1985 ("the Act")
Kleinwort Benson Group plc ("KB Group") and Dresdner RCM Global
Investors Holdings (UK) Limited ("DRCMH (UK)"), formerly Thornton
Management Limited, are indirect subsidiaries of Dresdner Bank AG
("Dresdner"). The shares in KB Group and in DRCMH (UK) are held by
Dresdner Investments (UK) plc ("Dresdner Investments"), a wholly-owned
direct subsidiary of Zenon Beteiligungs GmbH ("Zenon") which is itself a
wholly-owned direct subsidiary of Dresdner.
KB Group is the holding company of Kleinwort Benson Investment
Management Holdings Limited ("KBIMH"), together with its subsidiaries.
DRCMH (UK) is the holding company of Dresdner RCM Global Investors
(UK) Limited ("DRCM (UK)"), formerly Thornton Investment Management
Limited. As a result of s203(2) of the Act Dresdner, Dresdner
Investments and Zenon are interested in the CLS Holdings plc ordinary
25p shares in which KBIMH and DRCM (UK), together with their
subsidiaries, are interested.
Following the recent reduction in your issued capital, we hereby notify
you that the disclosable interest of Dresdner, Dresdner Investments and
Zenon in the share capital of your company now amounts to 18,364,041
shares representing 17.59% of the issued share capital of 104,372,727
shares, as advised by your registrars.
The present position in respect of the disclosable interests of the
subsidiaries of Dresdner Investments is as follows:-
* Kleinwort Benson (Guernsey) Trustees Limited is interested in
18,234,399 shares representing 17.47% of the issued capital.
These shares are registered in the following names:
Molaki Inc. 4,011,539 shares
Orchard Lake Inc. 14,222,860 shares
* Kleinwort Benson Channel Islands Limited is interested in 18,234,399
shares representing 17.47% of the issued capital.
* KBIM International Limited, the parent company of Kleinwort Benson
Channel Islands Limited, is interested in 18,234,399 shares representing
17.47 (previously 16.88%) of the issued capital.
* Kleinwort Benson Investment Management Holdings Limited is interested in
18,256,595 shares representing 17.49% (previously 16.91%) of the issued
capital. This company is the parent company of KBIM International
Limited and its interest arises as a result of s203(2) of the Act.
* Kleinwort Benson Group plc is interested in 18,256,595 shares
representing 17.49 % (previously 16.91 %) of the issued capital.
Whilst these shares are not beneficially owned by any of the above
companies we are advised that, in certain circumstances, we are required
to disclose these shareholdings pursuant to the Act.
This announcement is made on behalf of Dresdner Bank AG by Kleinwort
Benson Group plc, a wholly owned subsidiary within the Dresdner Bank Group.
END
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