Holding(s) in Company
07 Abril 2009 - 7:04AM
UK Regulatory
TIDMSOV
RNS Number : 2835Q
SovGEM Limited
07 April 2009
+-----------------------------------------+---------------------------------------+
| Press release | 7 April 2009 |
+-----------------------------------------+---------------------------------------+
SovGEM Limited
("SovGEM" or "the Company")
Notification of Interest
The Company was informed on 6 April 2009 that Threadneedle Emerging Debt
Crescendo Fund ("the Threadneedle Fund") holds 1,519,961 ordinary shares in the
Company, representing 6.67% of the Company's issued ordinary share capital and
that Ameriprise Financial, Inc and its group (of which Threadneedle Asset
Management Holdings Limited is the ultimate intermediate holding company in the
UK) no longer has any beneficial interest in the Company's issued share capital.
This change is as a result of the transfer of the ultimate beneficial ownership
of the Threadneedle Fund's manager from Threadneedle Investments Ltd to Adelante
Asset Management Ltd.
- Ends -
For further information:
+-------------------------------------------------+------------------------------+
| SovGEM Limited | |
+-------------------------------------------------+------------------------------+
| Hugh de Lusignan, Chief Executive Officer | Tel: +44 (0) 20 7389 0655 |
+-------------------------------------------------+------------------------------+
| hdelusignan@sovereigngroup.com | www.sovgem.com |
+-------------------------------------------------+------------------------------+
NOMAD
+-------------------------------------------------+------------------------------+
| Smith & Williamson Corporate Finance Limited | |
+-------------------------------------------------+------------------------------+
| Azhic Basirov/Joanne Royden-Turner | Tel: +44 (0) 20 7131 4000 |
+-------------------------------------------------+------------------------------+
| corpfinance@smith.williamson.co.uk | www.smith.williamson.co.uk |
+-------------------------------------------------+------------------------------+
Broker
+-------------------------------------------------+------------------------------+
| Hanson Westhouse Limited | |
+-------------------------------------------------+------------------------------+
| Tim Metcalfe / Martin Davison | Tel: +44 (0)20 7601 6100 |
+-------------------------------------------------+------------------------------+
| tim.metcalfe@hansonwesthouse.com | www.hansonwesthouse.com |
+-------------------------------------------------+------------------------------+
Media enquiries:
+-------------------------------------------------+------------------------------+
| Abchurch Communications Limited | |
+-------------------------------------------------+------------------------------+
| Charlie Jack / Jack Ballantyne | Tel: +44 (0) 20 7398 7714 |
+-------------------------------------------------+------------------------------+
| jack.ballantyne@abchurch-group.com | www.abchurch-group.com |
+-------------------------------------------------+------------------------------+
Notes to Editors
SovGEM Limited is an emerging market finance house incorporated in Jersey. Its
geographic investment focus includes China and other emerging markets. SovGEM
joined AIM in November 2004 (AIM: SOV).
The Company invests in high-growth companies, the majority of which are already
profitable. SovGEM has an extensive network of professional advisors and
associates giving the Company access to the small cap Chinese and other emerging
markets. The Company aims to realise profits by investing in these companies as
they undertake a major step change either through pre-IPO, listing or evolving
to a more senior financial market. These investments may comprise straight
equity or debt instruments with an equity conversion scheme.
Further information can be found at www.sovgem.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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