Business
Institutional Placing
Institutional Placing.
About this update from Gooch & Housego Plc
[{"type":"text","content":"\n Gooch & Housego PLC\n06 March 2006\n\n\n\nFor Immediate Release 6 March 2006\n\n\n Gooch & Housego PLC\n\n\n Institutional Placing of Gooch Family Shares\n\n\nThe Gooch family and their various family and charitable trusts ('the Gooch\nFamily') today announce that they have reduced their holding in Gooch & Housego\nPlc.\n\n\nGooch & Housego PLC ('Gooch & Housego' or 'the Company'), the specialist\nmanufacturer of acoustic-optic and electro-optic devices, precision optical\ncomponents, crystals, instruments for measuring optical radiation and\nhyperspectral imaging systems, announces that the Gooch Family has reduced its\nshareholding in Gooch & Housego from 40.8% to 30.8% by selling 1,800,000 shares\nat 360p per share (the 'Sale Shares') to institutional investors through Oriel\nSecurities Limited.\n\n\nThe exact details of the disposals and the underlying beneficiaries who sold\nthem and the resulting holdings of the various 'Gooch Family' Interests, are as\nfollows:\n\n+-------------+------------+---------------+--------------+--------------------+\n|Beneficiary |No. of |% of issued |No of shares |% of issued share |\n| |Shares |share capital |remaining to |capital remaining to|\n| |disposed of:|disposed |be held |be held |\n+-------------+------------+---------------+--------------+--------------------+\n|The Gooch | | | | |\n|1997 | | | | |\n|Discretionary| 1,200,000 | 6.7% | 1,799,880 | 10.0% |\n|Settlement | | | | |\n+-------------+------------+---------------+--------------+--------------------+\n|The Gooch | | | | |\n|Charitable | | | | |\n|Trust | | | | |\n|(Ilminster) | 200,000 | 1.1% | 77,000 | 0.4% |\n+-------------+------------+---------------+--------------+--------------------+\n|Heather | 400,000 | 2.2% | 2,333,226 | 13.0% |\n|Virgin | | | | |\n+-------------+------------+---------------+--------------+--------------------+\n|Others | Nil| Nil| 1,341,173 | 7.4% |\n+-------------+------------+---------------+--------------+--------------------+\n| Total | 1,800,000 | 10.0% | 5,551,279 | 30.8% |\n+-------------+------------+---------------+--------------+--------------------+\n\n\nFollowing the share sale referred to in this announcement, the Gooch Family and\nthe trustees have indicated that they have no intention of selling further\nshares for the foreseeable future.\n\nCommenting on th...