8th Nov 2007 08:00
Conversion of Securities and Treasury Shares and notification of interests of directors/persons discharging managerial responsibility and connected persons pursuant to DTR 3.1.4 R(1)
8 November 2007
Friends Provident plc announces that, on 7 November 2007, the Company increased its issued share capital by the creation of 5847 new ordinary shares of 10p each, credited as fully paid, following the conversion of ‚£10,000 nominal of the Company's 5.25% Convertible Bonds due 2007 (the Bonds). Application has been made to the UK Listing Authority for admission of such shares to the Official List and to the London Stock Exchange for admission to trading. It is expected that the admission will become effective and dealings in such shares will commence on 12 November 2007.
In addition, the Company announces the transfer of 28,518 treasury shares on 7 November 2007 to the Trustees of the Friends Provident plc Share Incentive Plan (SIP) at a price of ‚£1.7906 per share to satisfy its obligation to issue shares to SIP participants in October 2007. The Company has received notification from the following persons discharging managerial responsibilities, including the executive directors of the Company, that of the 28,518 shares acquired by the Trustees, they have each acquired shares through the SIP as follows:
DIRECTORName Shares Purchased on Total no. of shares held by directors and Connected 6 November 2007 Persons A R G Gunn 70 121,763
OTHER PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY
Name Shares Purchased on Total number of shares held by persons 6 November 2007 discharging managerial responsibilities and Connected Persons S J Clamp 70 20,236 B Harrison 70 27,128 A P Jackson 70 9,342 R Sepe 70 27,061 J Stevens 70 26,305 P T Tunnicliffe 70 25,445 J A Ward 69 2,012
Executive directors of Friends Provident plc participating in the SIP are to be regarded as interested in 6,847 shares out of the 2,065,911 shares held by the trustees of the SIP.
Following the transfer of the above treasury shares, the issued share capital of the Company is 2,171,680,108 ordinary shares of 10p each of which 18,288,688 shares are held in treasury.
Enquiries: Gordon Ellis, Group Secretary 01306 653087
FRIENDS PROVIDENT PLCRelated Shares:
Fondul Proprietatea