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Stakes in Highams

The Board of Highams says that Michael Gray has acquired 4,590,000 ordinary shares in the Company at a price of 1.25 pence per share. Accordingly, Mr Gray is now interested in 4,590,000 ordinary shares representing 6.65% of the issued ordinary share capital of the Company. The shares were acquired from Ken Ford, Chairman of the Company, who as a result of the transaction now holds 13,802,857 ordinary shares in the company, representing 19.99% of the Company's issued ordinary share capital.

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