Major Interest in Shares
October 27 2009 - 6:46AM
UK Regulatory
TIDMSTT
RNS Number : 4349B
Straight PLC
27 October 2009
Date: 27 October 2009
On behalf of: Straight plc ("Straight" or "the Company")
For immediate release
Straight plc
Major Interest in Shares
Straight plc (AIM: STT), the Environmental Products and Services Group, received
notification on 26 October 2009 from Calculus Capital Limited ("Calculus") that,
following a recent distribution in specie to EIS investors, there had been a
change in the number of ordinary shares held and percentage voting rights in the
Company.
Calculus previously held 441,250 ordinary shares in the Company, and following
the transaction on 29 September 2009, now holds 281,250 ordinary shares,
representing 2.45% of the voting issued share capital. These shares are held by
Calculus Capital on behalf of investors in its EIS funds.
- ends -
For further information, please contact
+-----------------------------------------------+---------------------------+
| Straight plc | |
+-----------------------------------------------+---------------------------+
| Jonathan Straight, Chief Executive | 0113 245 2244 |
| Jim Mellor, Finance Director | |
+-----------------------------------------------+---------------------------+
| | |
+-----------------------------------------------+---------------------------+
| Panmure Gordon | |
+-----------------------------------------------+---------------------------+
| Andrew Godber / Ashton Clanfield | 020 7459 3600 |
+-----------------------------------------------+---------------------------+
| | |
+-----------------------------------------------+---------------------------+
| Redleaf Communications | |
+-----------------------------------------------+---------------------------+
| Paul Dulieu / Sam Robbins / Kathryn Hurford | 020 7566 6700 |
+-----------------------------------------------+---------------------------+
Notes to Editors
* Straight plc is the UK's leading supplier of specialist kerbside recycling
containers as well as a key supplier of a broad range of waste and recycling
container solutions. Founded in 1993 by the current Chief Executive, Jonathan
Straight, the business has since supplied more than 12 million kerbside
recycling boxes to local authorities across the UK, securing its position as the
industry leader.
* In 2005, Straight acquired Blackwall Limited, the UK's largest supplier of home
composters and water butts. Through the Blackwall brand, Straight has delivered
more than 3.5 million compost bins and water butts.
* The business operates through two divisions. The core Trade Business supplying
products in bulk to local authorities, utilities, the waste industry, retailers
and other businesses and the Retail Business supplying a range of proprietary
environmentally friendly consumer products directly to the public, often in
partnership with a local authority or a utility.
* Straight operates a radical business model with all manufacture outsourced on an
international basis. Most production is local to the end market keeping freight
movements and associated emissions to a minimum.
* In February 2009, Straight added to its portfolio with the acquisition of
Harcostar Garden Products, a long established premium brand consisting of water
butts, compost bins, watering cans and accessories. This has gained new
distribution channels for the business in the UK and in Europe.
* Straight plc has established diverse overseas sales channels and is now
producing and selling water butts in Australia as well as strong initial sales
in the United States and Canada.
* Further information about the company and its products can be
found at: www.straight.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
END
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