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

Oblo,

Much obliged, it all goes to show that those who work at patenting something do have to put a bit of effort into it.
kim

What do we make of the RNS? Have Barclays quietly been building up a stake?

An RNS at last, perhaps not the one we are all waiting for! Wish I had the brains to understand what it is all about - HELP please !!!!!

Dave

This new RNS is confusing me.

It appears Barclays Bank Group companies (not Barclayshare Nominees which is outside such reporting requirements) have added 36,000 shares.

Barclay, or its companies named, have not as far as I recall, had a notifiable holding before. Have I missed a previous notification?

Considering Barclays profits announced this week they really are splashing out with these 36k shares - under 500 !!

the shares are used by barclays stockbrokers for trading purposes. i'm a bit curious as to why they have increased the number from 6% to 7%. are they expecting some increased activity, perhaps? or am i reading it incorrectly?

Isn't it an increase of more like 29m shares or 372,000 - 1% of issued shares?

==================



REG-Stanelco PLC Holding(s) in Company
Released: 23/02/2007



RNS Number:8010R
Stanelco PLC
23 February 2007

Stanelco plc ("the Company")
Notifiable Interest



A form TR-1 containing the following information has been received by the
Company.

TR-1 notification of major interests in shares

1. Identity of the issuer or the underlying issuer of existing shares to which
voting rights are attached:

Stanelco plc

2. Reason for the notification

An acquisition of disposal of voting rights

3. Full name of person(s) subject to the notification obligation:

Barclays PLC

4. Full name of shareholder(s) (if different from 3):

Barclays Capital Securities Ltd

Barclays Private Bank and Trust Ltd

Barclays Stockbrokers Ltd

Gerrard Ltd

5. Date of the transaction (and date on which the threshold is crossed or
reached if different):

21/2/07

6. Date on which issuer notified:

22/2/07

7. Threshold(s) that is/are crossed or reached:

6% to 7%

8. Notified details:

A: Voting rights attached to shares
Class/type of Situation previous to Resulting situation after the triggering transaction
shares Triggering transaction
Notification required under DTR transitional provision 7
if possible using
ISIN CODE Number of Number of Number of Number of voting rights % of voting rights
Shares Voting shares
Rights

Direct Direct Indirect Direct Indirect


GB0005814198 208,277,748 208,277,748 208,313,748 0 208,313,748 0 7.00

B: Financial Instruments
Resulting situation after the triggering transaction


Type of financial Expiration date Exercise/ Number of voting % of voting rights
instrument Conversion Period/ rights that may be
Date acquired if the
instrument is
exercised/ converted




Total (A+B)
Number of voting rights % of voting rights


208,313,748 7.00



9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:

Barclays Capital Securities Ltd

Barclays Private Bank and Trust Ltd

Barclays Stockbrokers Ltd

Gerrard Ltd

10. Name of the Proxy holder:

N/A

11. Number of voting rights proxy holder will cease to hold:

N/A

12. Date on which proxy holder will cease to hold voting rights:

N/A

13. Additional information:

N/A

14. Contact name:

N/A

15. Contact telephone number:

N/A




This information is provided by RNS
The company news service from the London Stock Exchange
END

HOLSEWFIDSWSEFE

What is all this crap give us some orders.

From the RNS -

Situation before Triggering transaction............ 208,277,748
resulting situation after triggering transaction... 208,313,748

On the RNS this is in columnar form in section 8, A.

Tony
It's still crap.

It's hardly crap having Barclays as a shareholder!!

Use your common sense !!

I know it's a rare commodity these days.

pinnacle
Sorry just tied of waiting.

... even rarer on the dark side, Pinnacle.

Over there they are talking about celebrating wildly this weekend because of Barclays. They are so excited they do not realise Barclays bought less than 500 worth, based on this RNS.

At least there are generally far more enlightened posts here.

I am still curious when/how Barclays acquired their first 208,277,748 as I can't recall seeing them as holding notifiable quantities. My only thought is if they were one of the Institutions putting up 11m in the October Firm Placing, would that have been outside being notifiable?

Tony,

I'm not so sure you're right on the 500 worth - why would that be notifiable?

The RNS says 'Threshold(s) that is/are crossed or reached: 6% to 7% '

i.e. an increase of 1% - Istill see that as 29m shares or 372,000 .

Where are you getting

'Situation before Triggering transaction............ 208,277,748
resulting situation after triggering transaction... 208,313,748'

from? I cant see that in the RNS.

Oblo, Hi - long time.

Going to SEOs website through the link just above your post and their link to the RNS -

http://production.investis.com/seo/regnews/rnsitem?id=1172243931nRNSW8010R

About half way down, Para 8. A: gives the word headings and the figures beneath. I put them into straight lines for ease of understanding and comparison.

I don't see it as a 1% increase. Just that the 35,000 moved their total holding over the threshold of one whole number percentage band to the next, albeit only just by quite small amounts. I have not checked their sums against the Total Voting Rights RNS of December but might when back from the pub!

This all arises under the EU Transparency Directive - henve the RNS referring to Form TD-1.

Well, after several pints, I have checked the maths.
Total Voting Rights 2,977,646,824

Previously they had 208,277,748 = 6.994709591 % (off the top of my head!)
Presently they have 208,313,748 = 6.995918599 %

So have they really moved from 6% to 7% ?
Maybe they are just proud of their recent investment of about 425 and using a TD-1 to brag about it.

Still, when did their declare their previous holding?

Subject to the exemption for certain third country issuers (DTR 5.11.6R), a person must notify the issuer of the percentage of its voting rights if the percentage of voting rights which he holds as shareholder or through his direct or indirect holding of financial instruments falling within DTR 5.1.3R (or a combination of such holdings):

(1) reaches, exceeds or falls below 3%, 4%, 5%, 6%, 7%, 8%, 9%, 10% and each 1% threshold thereafter up to 100% (or in the case of a non-UK issuer on the basis of thresholds at 5%, 10%, 15%, 20%, 25%, 30%, 50% and 75% as a result of an acquisition or disposal of shares or financial instruments falling within DTR 5.3.1R);or

(2) reaches, exceeds or falls below an applicable threshold in (1) as a result of events changing the breakdown of voting rights and on the basis of information disclosed by the issuer in accordance with DTR 5.6.1R;

...................
Certain voting rights to be disregarded
5.1.3 R Voting rights attaching to the following shares are to be disregarded for the
purposes of determining whether a person has a notification obligation in accordance with the thresholds in DTR 5.1.2 R:

..................
shares held by a credit institution or investment firm provided that: (a) the shares are held within the trading book of the credit institution or investment firm;
(b) the voting rights attached to such shares do not exceed 5%;
and
(c) the credit institution, or as the case may be investment firm, ensures that the voting rights attached to shares in the trading book are not exercised or otherwise used to intervene in the
2005 annual results had Barclayshare Nominees Limited as holding 60,892,255 shares 6.46%.

The threshold was reached on 21st Feb, a day when only 2.75m shares were traded.

Could have been the reason for the ~110m volume at the beginning of Feb.

So, (if we allow for a small error in Tony's maths - sorry Tony!) the move wasn't a full percentage point but just enough to take them up tp 7%.

Presumably the extra 425/500 or whatever was spent as it increased their voting power?

Are we missing a fine point? The difference between ownership of the shares and voting rights?
I am useless at understanding anything any government says is for transparancy purposes (bit of a paradox there) but could it be simply that Barclays do not own these shares, they have just aacquired the voting rights by proxy?
Perhaps that would help explain why I cannot recall any RNS ever stating Barclays had any notifiable interest.
Alan

Alan.
The RNS/Form lists both Shares and Voting Rights as being the same figures.
I understand Nominee Holdings are outside of the declaration rules. Anyway, Barclayshare Nominees Ltd only had 77million shares (I believe Bas uses them - must be his!) at the Prospectus date.

In that case I admit to being baffled.
Never before have I seen something so opaque issued under transparancy directives (other than every peice of FSA tosh that passes my desk).