for more information about stanelco click on the links.

driver's research page link
http://www.moneyam.com/InvestorsRoom/posts.php?tid=7681#lastread
website link
http://www.stanelco.co.uk/index.htm

G
I assumed that those holdings listed were the total of all PIs shares under those brokers nominee 'umbrella' and not just a single investor. I didn't know that composite nominee holdings were outside the requirement. Thanks.

Tony,

I am almost 100% sure I am right, but if anyone knows different could they clarify, re the composite point.

If your own holding in a nominee account go above 3% or your total holding meant you became a majority holder then the RNS would be required.
I think my total holdings are around .00000000000003% of the total, so no worries there then.

Looks like UBS have offloaded a few (2,531,782 to be precise) from their UBS AG London Branch holding.

Curiously, this is exactly the same number already held and which continues to be held by their Global Asset Management Life fund.

Their total notifiable interest has changed by that magic positive integer, in this case, 4.something to 3.something - hence the alert.

Stanelco PLC
14 November 2006

Stanelco plc ('the Company')



Notifiable Interest



The Company was notified by a letter dated 13 November 2006 that UBS AG, acting
through its business group and legal entities detailed below, has an interest in
118,342,093 ordinary shares of 0.1p each in the Company. This represents a
total of 3.97 per cent. of the issued share capital of the Company.


UBS AG London Branch 115,810,311
UBS Global Asset Management Life Limited 2,531,782

TOTAL 118,342,093

With regard to rules on disclosure etc....

taken from: http://www.fsa.gov.uk/pubs/cp/cp06_04.pdf

"the thresholds that are currently used in the UK under the CA1985, namely 3% and every percentage point above for material nterests, and 10% and every percentage point above for any interest"

"Under the CA1985, a shareholder must notify the company within two days following the day on which the obligation to notify arose. Under the Listing Rules, the listed company must then notify a RIS as soon as possible and not later than the end of the business day following receipt of the information"

CA1985 = Companies Act 1985

The above was taken from the "FSA Implementation Of The Transparency Directive.... March 2006"

So UBS moving from 4.07% to 3.97% breached the 4.0% line and hence triggered the RNS.

Gary. Thanks.

This isn't turning out to be the best day we have had in the last couple of weeks!!

We all know that with no news of contracts, orders, the SP will fall, if there was no truth in the rumour with SEO, MCDs ,would not SEO have to say so?

This is why I have said what I have before.

The Management are not what is required to take the company forward.

Contracts will hopefully be announced and then if your average is around that price due to the good news then very good judgement is required as to sell or stick.

The news would have to be very good for me to stick as the management are not capable of taking this business to the next level - hence my thoughts of takeover - it is the only way forward and for us to make any money.


Schroders are running the business - and that is my salvation.

As you might say, "My schRODers, but not my STAFF comfort me"!

Stockdog,

I had to have a discussion with my confidant about that quip!!!

Very good.


We need more like you!!

pinnacle, couldn't agree more; the sooner we (or as is more likely, the institutions) can show this mgt the door the better for all concerned. They haven't the calibre and experience in my opinion; we deserve better.

Notifiable Interest

The Company has received notification in a letter dated 13 November 2006 that
FMR Corp, parent holding company of Fidelity Management & Research Company
(FMRCO), Fidelity Management Trust Company (FMTC) and Fidelity International
Limited (FIL) and its direct and indirect subsidiaries, including Fidelity
Investment Services Ltd (FISL), Fidelity Gestion (FIGEST), Fidelity Investments
Advisory (Korea) Limited (FIA(K)L), Fidelity Investments Management (Hong Kong)
Limited (FIMHK), Fidelity Pension Management (FPM), Fidelity Investments Japan
(FIJ) and Fidelity Investments International (FII), investment managers for
various non-US investment companies and institutional clients, are together
interested in a total of 230,411,685 ordinary shares of 0.1 pence each in the
Company, representing approximately 7.74 per cent. of the Company's issued share
capital.



This shareholding is registered as follows:


Shares held Management Company Nominee/Registered Name
552,056 FISL JP Morgan, Bournemouth
219,487,409 FIL Brown Bros Harriman Ltd Lux
10,372,220 FIJ Brown Bros Harriman and Co


This notifiable interest also comprises the notifiable interest of Mr Edward C.
Johnson III, a principal shareholder of Fidelity International Limited, and
interests held on behalf of authorised unit trust schemes in the United Kingdom.

Notifiable Interest


Following the Company's successful firm placing, placing and open offer and the
admission of 1,975,992,559 new ordinary shares of 0.1p each in the Company ('
Ordinary Shares') to the Official List of the London Stock Exchange, the Company
has been informed by certain persons discharging managerial responsibilities
that as a result of their taking up entitlements under the open offer their
interest in Ordinary Shares is as set out below.


The revised interests are based on a total issued ordinary share capital of
2,977,646,824 Ordinary Shares.


Name Position Previous Holding Current Holding Interest

Philip Lovegrove Chairman 4,577,083 7,323,332 0.25%
Ian Balchin Executive Vice Chairman 1,640,000 2,624,000 0.09%
Mike Feast Technical Director 556,979 891,166 0.03%
Bruce Drew Managing Director - Aquasol 7,259,376 10,547,001 0.35%

Anyone remember when the agenda for the EGM was first published they had the audacity to suggesst that there would be a vote to "adequately reward" Wagner and someone else when all these contracts come to fruition. What happened? Was there a vote?

Lovegrove, Balchin and Feast have taken up their full allocation in the open offer.

Drew has taken up an additional 45% rather than a possible 60%.

Nothing about Age of Reason?
Does this imply they still have between 13% and 14% (13.19% was the holding after the sale of 85m shares) as a result of dilution? In which case they did not take up their Open Offer entitlement?

Also Richards & Appleby - they droped from 6.27% to 3.62% on a full take up.

Its not over yet!!
White and Balchin out.

Stanelco PLC
14 November 2006

Stanelco plc ('the Company')



Directorate Changes



Following a Board meeting held earlier today, Ian Balchin and Howard White have
ceased to be directors of the Company with immediate effect.


Intersting ??

Project Foil looking far more meaningful - now for the rest of it.