Information  X 
Enter a valid email address

Universal Salvage (UVS)

  Print      Mail a friend       Annual reports

Tuesday 21 August, 2001

Universal Salvage

Holding in Company

Universal Salvage PLC
21 August 2001



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 1,583,500
Ordinary 10 pence shares in the Company representing 5.75% of the issued share
capital of the Company, which stands at 27,545,521 ordinary shares.

Please see below letter and schedule from Fidelity Investments.



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 Investments Services Ltd. (FISL), investment      
           managers for various non-US investment companies and institutional  
           clients. (See Schedule A for listing of Registered Shareholders and 
           their holdings.)

3.     The notifiable interests also comprise the notifiable interest of:

           Mr Edward C Johnson 3d
           82 Devonshire Street
           Boston, MA 02109

           A 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
       respectively.


SCHEDULE A

SECURITY: Universal Salvage Plc                                  Amendment No 5


                      SHARES HELD   MANAGEMENT   NOMINEE/REGISTERED
                                     COMPANY     NAME

                       1,360,900      FISL       CLYDESDALE BANK (HEAD OFFICE)
                                                  NOMINEES LIMITED
                         222,600      FIL        CHASE NOMINEES

TOTAL ORDINARY SHARES: 1,583,500

CURRENT OWNERSHIP 
 PERCENTAGE:               5.75%

SHARES IN ISSUE:      27,545,521

CHANGE IN HOLDINGS 
 SINCE LAST FILING:     (320,000) ORDINARY SHARES