STT Straight

 

TIDMSTT 
 
RNS Number : 4349B 
Straight PLC 
27 October 2009 
 

Date:                    27 October 2009 
On behalf of:        Straight plc ("Straight" or "the Company") 
For immediate release 
 
 
 
 
Straight plc 
Major Interest in Shares 
 
 
Straight plc (AIM: STT), the Environmental Products and Services Group, received 
notification on 26 October 2009 from Calculus Capital Limited ("Calculus") that, 
following a recent distribution in specie to EIS investors, there had been a 
change in the number of ordinary shares held and percentage voting rights in the 
Company. 
 
 
Calculus previously held 441,250 ordinary shares in the Company, and following 
the transaction on 29 September 2009, now holds 281,250 ordinary shares, 
representing 2.45% of the voting issued share capital. These shares are held by 
Calculus Capital on behalf of investors in its EIS funds. 
 
 
 
 
- ends - 
 
 
 
 
 
 
For further information, please contact 
 
 
+-----------------------------------------------+---------------------------+ 
| Straight plc                                  |                           | 
+-----------------------------------------------+---------------------------+ 
| Jonathan Straight, Chief Executive            | 0113 245 2244             | 
| Jim Mellor, Finance Director                  |                           | 
+-----------------------------------------------+---------------------------+ 
|                                               |                           | 
+-----------------------------------------------+---------------------------+ 
| Panmure Gordon                                |                           | 
+-----------------------------------------------+---------------------------+ 
| Andrew Godber / Ashton Clanfield              | 020 7459 3600             | 
+-----------------------------------------------+---------------------------+ 
|                                               |                           | 
+-----------------------------------------------+---------------------------+ 
| Redleaf Communications                        |                           | 
+-----------------------------------------------+---------------------------+ 
| Paul Dulieu / Sam Robbins / Kathryn Hurford   | 020 7566 6700             | 
+-----------------------------------------------+---------------------------+ 
 
 
 
 
 
 
Notes to Editors 
 
 
  *  Straight plc is the UK's leading supplier of specialist kerbside recycling 
  containers as well as a key supplier of a broad range of waste and recycling 
  container solutions. Founded in 1993 by the current Chief Executive, Jonathan 
  Straight, the business has since supplied more than 12 million kerbside 
  recycling boxes to local authorities across the UK, securing its position as the 
  industry leader. 
  *  In 2005, Straight acquired Blackwall Limited, the UK's largest supplier of home 
  composters and water butts. Through the Blackwall brand, Straight has delivered 
  more than 3.5 million compost bins and water butts. 
  *  The business operates through two divisions. The core Trade Business supplying 
  products in bulk to local authorities, utilities, the waste industry, retailers 
  and other businesses and the Retail Business supplying a range of proprietary 
  environmentally friendly consumer products directly to the public, often in 
  partnership with a local authority or a utility. 
  *  Straight operates a radical business model with all manufacture outsourced on an 
  international basis. Most production is local to the end market keeping freight 
  movements and associated emissions to a minimum. 
  *  In February 2009, Straight added to its portfolio with the acquisition of 
  Harcostar Garden Products, a long established premium brand consisting of water 
  butts, compost bins, watering cans and accessories. This has gained new 
  distribution channels for the business in the UK and in Europe. 
  *  Straight plc has established diverse overseas sales channels and is now 
  producing and selling water butts in Australia as well as strong initial sales 
  in the United States and Canada. 
  *  Further information about the company and its products can be 
  found at:  www.straight.co.uk 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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