Two subsidiaries of UBS AG, an asset management company, made a regulatory announcement to say their shareholding in Caffyns had exceeded 10%. GAM (UK) Ltd holds 10.84%, while UBS Laing and Cruickshank holds 0.16%.
Caffyns’ share price went from 685p at the beginning of December 2004 to 917.5p this week (February 22).
The announcement was sparked by a regulation stipulating that any company holding more than 10% in a FSA-regulated company must declare its stake. The shares were purchased a year ago.