I have a theory about what might be going on here but for the moment I will keep it to myself.
Mr Terry's move to seek permission from the FCA comes after he increased his shareholding in Daniel Stewart to 8.9pc from 7.4pc. I have pasted the statement below:
Daniel Stewart Securities plc (the "Company")
16 April 2015
Holding in Company
The Company has today received notification that, following the off-market acquisition on 16 April 2014 of 7,940,000 ordinary shares of 0.25p each in the Company ("Shares"), Mr Rob Terry, directly, via his investment company (Quob Park Estate) and with family interests, now has an interest in 63,490,000 Shares, representing approximately 8.994% of the Company's issued ordinary shares.
The Company has today been notified by Mr Terry that he intends to seek FCA approval to increase his interest above 10% of the Company's shares. Save for this, the Company is not in any discussions with, or aware of the intentions of, Mr Terry.
Enquiries:
DANIEL STEWART SECURITIES PLC
Peter Shea, Chairman
Tel: 020 7776 6550
WESTHOUSE SECURITIES
Richard Johnson / Martin Davison
Tel: 020 7601 6100
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