Universal Salvage PLC
12 July 2001
LETTER TO COMPANY ANNOUNCEMENTS OFFICE
COMPANIES ACT 1985
DISCLOSURE OF INTERESTS IN SHARES
Universal Salvage plc (the 'Company') received a notification under Companies
Act 1985 (the 'Act') from Fidelity Investments in respect of the disclosable
interests of Fidelity International Limited (FIL) and others in 1,903,500
Ordinary 10 pence shares in the Company representing 6.91% of the issued
share capital of the Company, which stands at 27,545,521 ordinary shares.
Letter and schedule from Fidelity Investments is below.
FROM UNIVERSAL SALVAGE PLC
LETTER TO UNIVERSAL SALVAGE PLC - DATED JULY 9 2001
Below are amended notifications of disclosable interests under the U.K.
Companies Act 1985. Please note that while this information details the
disclosable interests of more than one entity, the enclosed disclosure
constitutes separate notifications of interest which have been combined solely
for purposes of clarity and efficiency. It is not intended to indicate that any
of these entities act as a group or in concert with respect to these interests.
These disclosures are made in the interest of conformity with the Companies Act.
The Interest detailed herein was acquired solely for investment purposes. For
disclosure purposes, holdings should be represented as Fidelity International
Limited (FIL) and its direct and indirect subsidiaries, being non-beneficial
FROM FIDELITY INVESTMENTS
Amendment Number 4
NOTIFICATIONS UNDER SECTIONS 198 TO 202 -- UK COMPANIES ACT
1. Company in which shares are held: UNIVERSAL SALVAGE PLC
2. Notifiable Interest: ORDINARY SHARES
Fidelity International Limited (FIL)
P.O. BOX HM 670
Hamilton HMCX, Bermuda
Parent holding company for various direct and indirect subsidiaries,
including Fidelity Investment Services Ltd (FISL), investment
managers for various non-US investment companies and institutional
clients. (See Schedule A for listing of Registered Shareholders and
3. The notifiable interests also comprise the notifiable interest of
Mr Edward C Johnson 3d
82 Devonshire Street
Boston, MA 02109
Principal shareholder of Fidelity International Limited.
4. The notifiable interests include interest held on behalf of authorized
unit trust schemes in the U.K. notwithstanding the exemption from
reporting pursuant to Section 209 (1) (h) of the Companies Act 1985.
5. These notifications of disclosable interests constitute separate
notifications of interest in the shares and are combined solely for
the purposes of clarity. Nothing herein should be taken to indicate
that Fidelity International Limited and its direct and indirect
subsidiaries or Mr Edward C Johnson 3d act as a group or in concert in
respect of the disclosed interests, or that they are required to submit
these notifications on a joint basis.
6. The disclosable interests arise under section 208(4) (b) of the Act,
namely where a person, not being the registered holder, is entitled
to exercise a right conferred by the holding of the shares or to
control the exercise of such rights, or under section 203 of the Act
SECURITY: Universal Salvage Plc Amendment No 4
SHARES HELD MANAGEMENT NOMINEE/REGISTERED
1,636,000 FISL Clydesdale Bank (Head Office)
267,500 FIL Chase Nominees
TOTAL ORDINARY SHARES: 1,903,500
CURRENT OWNERSHIP PERCENTAGE: 6.91%
SHARES IN ISSUE: 27,545,521
Change in holdings is primarily due to the increase in the share capital figure.
CHANGE IN HOLDINGS SINCE
LAST FILING: +0 ORDINARY SHARES
Universal Salvage plc
Notification of Change in Substantial Holding
The Board of Universal Salvage plc (the 'Company') has been notified today that
Mr Stewart Sonny Bassett sold 200,000 Ordinary shares of the Company on 27 June
2001 at 460 pence per share. His resultant beneficial holding is 3,055,080
Ordinary shares representing 11.28% of the issued share capital of the Company,
which stands at 27,545,521 Ordinary shares.
Anne Thomas, Universal Salvage plc - Tel: 01234-762283