SAR - Stirling Group plc
FORM SAR 3
Lodge with a RIS or Newstrack if appropriate and the Takeover Panel.
A copy must also be sent to the company the shares of which are
acquired.
Date of disclosure
15 April 2003
DISCLOSURE UNDER RULE 3 OF THE RULES GOVERNING
SUBSTANTIAL ACQUISITIONS OF SHARES ("SARs")
Date of acquisition
11 April 2003
Acquisition in (name of company)
Stirling Group Plc
1. Class of voting shares (eg ordinary shares)
Ordinary shares
Number of shares/rights over shares acquired
12,737,396 Shares - Rights
If rights over shares acquired, as opposed to the shares themselves,
specify nature of rights
-
2. Resultant total holding of voting shares (and % of total voting
shares in issue)
15,628,318 18.40 %
Resultant total holding of rights over shares (and % of total voting
shares in issue)
- -%
Total percentage
18.40 %
3. Party making disclosure
Progressive Value Management Limited
4. (a) Name of person acquiring shares or rights over shares
Progressive Value Management Limited
and, if different, beneficial owner
Second Advance Value Realisation Company Limited - Please note that this
acquisition is conditional on this company being listed on the London
Stock Exchange
(b) Names of any other persons acting by agreement or understanding (see
SAR 5)
Progressive Value Management Limited is investment manager to Advance
Value Realisation Company Limited which is the beneficial owner of
2,890,922 ordinary shares in Stirling Group plc.
Signed, for and on behalf of the party named in (3) above
ANTHONY LEE
(Also print name of signatory)
ANTHONY LEE
Telephone and extension number
020 7490 4355
Note. Under SAR 5, the holdings of and acquisitions by persons
acting by agreement or understanding must be aggregated and treated as a
holding of or acquisition by one person. Note 3 on SAR 5 requires
persons who must aggregate holdings to disclose certain disposals.
For full details of the SARs disclosure requirements, see Rules 3 and 5
of the SARs. If in doubt, contact the Panel on Takeovers and Mergers,
Monitoring Section. Tel. No: 020 7638 0129.
Email:monitoring@disclosure.org.uk
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