11th Sep 2013 06:58
LONDON (Alliance News) - Sagentia Group PLC said Wednesday that issued 440,000 treasury shares on Tuesday in settlement of the exercise of share options. The total number of shares in issue (excluding treasury shares) now is 38,328,230. Sagentia holds 3,713,805 shares in treasury.
As part of the issuance, Finance Director Neil Elton exercised 250,000 Incentive Scheme options with an exercise price of 51 pence per share. After settlement of exercise and tax charges he retains 70,000 shares, Sagentia said.
Following this announcement the directors of Sagentia have the following holdings in the technology consulting company:
| Number of shares owned | % holding | Number of shares under option | Shareholding prior to announcement | % holding prior to announcement |
Martyn Ratcliffe | 12,512,906 | 32.65% | 2,500,000 | 12,512,906 | 33.03% |
David Courtley | 375,000 | 0.98% | - | 375,000 | 0.99% |
Neil Elton | 171,914 | 0.45% | 375,000 | 101,914 | 0.27% |
Sagentia shares closed on Tuesday at 138.50 pence per share.
By Tom Waite; [email protected]; @thomaslwaite
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