British Steel PLC - Holding under SAR 3
26 March 1998 - 4:05AM
UK Regulatory
RNS No 0325x
BRITISH STEEL PLC
25th March 1998
Date of disclosure....25 MARCH 1998......
DISCLOSURE UNDER RULE 3 OF THE RULES GOVERNING
SUBSTANTIAL ACQUISITIONS OF SHARES ("SARs")
Date of acquisition....24 MARCH 1998..............
Acquisition in......BRITISH STEEL PLC........................(name of company)
(1) Class of voting shares Number of shares/rights If rights over shares
(eg ordinary shares) over shares acquired acquired, as opposed
to the shares
themselves, specify
nature of rights
..ORDINARY........... ...4,700,000.....shares ........................
...N/A...........rights
(2) Resultant total holding Resultant total holding Total percentage
of voting shares (and % of rights over shares
of total voting shares (and % of total voting
in issue) shares in issue)
..311,326,050..(16.00%) ..............( %) ..311,326,050..(16.00%)
(3) Party making disclosure.....TEMPLETON GLOBAL INVESTORS, Inc................
(4) (a) Name of person acquiring shares or rights over shares................
and, if different, beneficial owner...FRANKLIN RESOURCES, Inc. AND ITS
AFFILIATES....
(b) Names of any other persons acting by
agreement or understanding (see SAR 5)..............................
Signed, for and on behalf of the party named in (3) above......................
(Also print name of signatory)...ELIZABETH M. KNOBLOCK.........................
Telephone and extension number...954-527-7419..................................
Note. Under SAR 5, the holdings of and acquisitions by persons acting by
agreement or understanding must be aggregated and treated as a holding of or
acquisition by one person. Note 3 on SAR 5 requires persons who must aggregate
holdings to disclose certain disposals.
For full details of the SARs disclosure requirements, see Rules 3 and 5 of the
SARs. If in doubt, contact the Panel on Take-overs and Mergers, Tel. No: 01-382
9026.
END
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