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

Presumably the equipment is this:-

http://production.investis.com/seo/regnews/rnsitem?id=1180456164nRNSc3860X

Agree, must be.

Yes Oblo:

"3. Aquasol

An agreement has been reached to sell certain assets of Adept to MonoSol AF
Limited for approximately 494,000 and this may lead to the possible future
licensing of Aquasol's FrogMat intellectual property. Shareholders will be kept
fully informed of further developments in this regard..................

The company expects to get a boost in new-product development from its May purchase of equipment from Stanelco, an early entrant into the eco-friendly product market."!

But probably no future benefit to SEO

Anyone care to comment on the likely effect (if any) two RNS's posted at 4.35pm and 4.37pm today?

I'm speechless, anyone else?

Takeover in the offing?

.

NOMINEE HOLDINGS, AREN'T THEY?

Whoops - sorry, didn't mean to shout!

Just private investor holdings bought through Barclays.

I'd guess.

Why doesn't somebody ask them ,I rang Geoff Smith of Barclays compliace this morning but he was on ansaphone,have been travelling for the rest of the day.Will try again when I get to office to sort this out .ie are these direct Barclays holdings or are they the total of a number of nominee accounts.PS his no is on the RNS if anyone is in early.(02071162913)

Nominee Company holdings do not have to be notified, except that a single beneficial owner's holding should be if it crosses Notification thresholds.

I believe Barclays have a company Barclay Nominees Ltd for such.

I think these would be direct, or asset management company, holdings being changed.

Could Barclays buy on behalf of an investor who wanted to remain anonymous and hide their increased holding? That wouldn't be legal, would it?

Aren't Barclays SEO's bankers as well?

Yes, I think they are.

This from a RNS last year:-

'...its existing overdraft facility with Barclays Bank PLC by the end of November
2006 and, in any event, this facility would be subject to immediate review and
potential withdrawal. In addition, under the terms of the current funding
granted to the Company, certain lenders have the right to demand immediate
repayment of outstanding amounts of 0.9m due by the end of November 2006, which the Company would not be in a position to repay.'

This couldn't be a deal to repay the loan, could it? Shares instead of cash?

I think if it were, it would require an RNS to say the shares had been issued by SEO.

Spoke to Geoff Smith this am and he was of the opinion that these holdings were not direct Barclays holdings but made up of more than one holder ie nominees.Infact he wasn't very helpful when pressed ,maybe someone else should try him.Wellcome back Tony.PS as Oblo says not neccessarily PI's but could be instutions hiding behind Barclays.Edit but only up to 3%(see later posts)

Could even be AoR getting back in after the sale of at least 85,000,000 @ ~1.2p back in Oct '06. Would take it to over 10% holding!

Just guessing of course....nothing else to do here eh?

If you hold over 3% in a nominee account do you as beneficial owner have to declare it, or do the nominees declare it in thier name?

See.http://www.uksa.org.uk/Nominee_Accounts.htm for some info.

oblomov
Looks like Barclay's could be doing the same here as they are doing with Bio fuels (bfc)
Taking the company private on the cheap then de-listing asset stripping (restructuring) then re listing in a year or so

Garyble

AOR is indeed an interesting possibility in all this.

They sold some in October to "take up their rights". After the sale they would now have had 5% (if I remember correctly) without taking up their Rights.

In the Annual Report they were not listed as a 3%+ holder, yet we had had no notification of changes

I raised this with the Company and got a wishy-washy reply "there have been changes" - "we cannot identify their holding" etc.

Someone close to AOR told me that they would have informed the Company of any Notifiable changes in their holding - not saying if there had been or not.

I heard elsewhere they did not take up their Rights but still had an interest.


MadPad
Hi. Thanks. Desperate for beer and curry after so long away!