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Universal Salvage (UVS)

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Friday 02 February, 2007

Universal Salvage

Holding(s) in Company

                 NOTIFICATION OF INTEREST IN TOTAL VOTING RIGHTS

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:

Universal Salvage plc Ord 10p

2. Reason for the notification
An acquisition or disposal of voting rights

3. Full name of person(s) subject to the notification obligation:
Artemis Investment Management Limited

4. Full name of shareholder(s) (if different from 3).
Artemis Special Situations
L&G (Barclays) Opportunities
Barclays UK Smaller
Barclays UK Opportunities

5.Date of the transaction (and date on which the threshold is
crossed
or reached if different)
30th January 2007

6. Date on which issuer notified:
31st January 2007

7. Threshold(s) that is/are crossed or reached:
10%

8. Notified details:
A: Voting rights attached to shares
Class/type  Situation         Resulting situation after the
of shares   previous          triggering transaction
            to the
            Triggering
            transaction
            Number of  Number  Number   Number of        % of voting
            Shares     of       of      voting rights    rights
                       Voting  shares
                       Rights

                              Direct     Direct   Indirect  Direct Indirect
GB0009198838 3,999,010 14.04% 3,924,010  3,924,010          13.78%

B: Financial Instruments
Resulting situation after the triggering transaction
Type of     Expiration   Exercise/   Number of voting        % of
financial   date         Conversion  rights that may be      voting
instrument               Period/Date acquired if the         rights
                                     instrument is
                                     exercised/converted.
Total (A+B)
Number of voting rights            % of voting rights
3,924,010                          13.78%

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

Proxy Voting:
10. Name of Proxy holder:

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

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

13. Additional information:

14. Contact name:
Nicola Collins

15. Contact telephone number:
0131 718 0429

Annex to Notification of Major Interests In Shares
A: Identity of the person or legal entity subject to the
notification obligation
Full name:
Artemis Investment Management Ltd

Contact address:
42 Melville Street, Edinburgh, EH3 7HA

Phone number:
0131 718 0429

Other useful information

B: Identity of the notifier, if applicable
Full name:

Contact address:

Phone number:

Other useful information

C: Additional Information

Enquiries: Judie Howlett, Assistant Company Secretary, 01234 762225