TR-1 - Notification of Major Interests in Shares
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: ST IVES PLC
2. Reason for the notification (please tick the appropriate box or boxes)
An acquisition or disposal of voting rights X
An acquisition or disposal of qualifying financial instruments which may N/A
result in the acquisition of shares already issued to which voting
rights are attached
An acquisition or disposal of instruments with similar economic effect N/A
to qualifying financial instruments
An event changing the breakdown of voting rights N/A
Other (please specify): N/A
3. Full name of person(s) subject to
the notification obligation: SILCHESTER INTERNATIONAL INVESTORS LLP
4. Full name of shareholder(s)
(if different from 3.): SILCHESTER INTERNATIONAL INVESTORS
INTERNATIONAL VALUE EQUITY TAXABLE TRUST
SILCHESTER INTERNATIONAL INVESTORS
INTERNATIONAL VALUE EQUITY TRUST
SILCHESTER INTERNATIONAL INVESTORS
INTERNATIONAL VALUE EQUITY GROUP TRUST
SILCHESTER INTERNATIONAL INVESTORS TOBACCO
FREE INTERNATIONAL VALUE EQUITY TRUST
THE CALLEVA TRUST
5. Date of the transaction (and date on which the 02-06-11
threshold is crossed or reached if different):
6. Date on which issuer notified: 03-06-11
7. Threshold(s) that is/are crossed or reached: 17%
8. Notified details:
A: Voting rights attached to shares
Class/type Situation previous to Resulting situation after the triggering
of shares the triggering transaction
transaction
(if possible
using the Number of Number of Number of Number of voting % of voting
ISIN CODE) shares Voting shares rights rights
Rights
Direct Direct Indirect Direct Indirect
GB0007689002 18,640,753 18,640,753 17,877,130 17,877,130 16.89%
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of Expiration Exercise / Number of voting % of voting
financial date Conversion rights that may be rights
instrument Period / acquired if the
Date instrument is
exercised/converted
N/A N/A N/A N/A N/A
C: Financial Instruments with similar economic effect to Qualifying
Financial Instruments
Resulting situation after the triggering transaction
Type of Exercise Expiration Exercise / Number of % of voting
financial price date Conversion voting rights rights
instrument period instrument
refers to
Nominal Delta
N/A N/A N/A N/A N/A N/A N/A
Total (A + B + C)
Number of voting rights % of voting rights
17,877,130 16.89%
9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:
N/A
Proxy Voting:
10. Name of the proxy holder: SILCHESTER INTERNATIONAL
INVESTORS LLP
11. Number of voting rights proxy holder will cease N/A
to hold:
12. Date on which proxy holder will cease to hold N/A
voting rights:
13. Additional information: (Information provided by the person making
the notification)
Silchester International Investors LLP
("Silchester") acts as investment manager for
the clients detailed in Question 4 above (our
"Clients"). In acting for our Clients,
Silchester are given full discretion over
their investments and are empowered to vote
on their behalf. However, we do not act as
our Clients' custodian and therefore shares
are not held in our name but in the name of
each Client's custodian bank.
The decrease in Silchester's holdings was due
to a series of transactions over a series of
different trading days. Details of the number
of shares held before the change (shown in
Section A `Situation previous to the
Triggering transaction' above), represent the
shares held by Silchester's clients as of the
date of our last Notice of Substantial
Shareholders' Interest and not as of the last
trading day before which this disclosure
level was triggered.
Notification is provided based on the total
voting rights figure of 105,848,507.
14. Contact name: ANISH KUMAR, COMPLIANCE
15. Contact telephone number: 0207 518 7124
****************************************
Enquiries:
Philip Harris
Company Secretary, St Ives plc
(T) 020 7928 8844 x337
3 June 2011
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