23rd Jun 2005 14:55
Yell Group plc23 June 2005 Yell Group plc (the "Company") Share Purchase by Trustee to Satisfy Award of Options On 22 June 2005 the following awards of nil cost options were granted pursuantto the terms of the Deferred Bonus Plan (the "Plan"): • John Condron was awarded options over 30,356 ordinary 1p shares • John Davis was awarded option over 17,513 ordinary 1p shares These options are exercisable from 22 June 2008. To satisfy the granting of these options, on 22 June 2005, Mourant & Co TrusteesLimited, as Trustee of the Yell Employee Benefit Trust (the "Yell Trust"),acquired in the market, at an average price of 428.25 pence per share, a totalof 47,869 Ordinary Shares of 1p each in the Company (the "Shares"). The Shares acquired in the market will be held by the Yell Trust until theoptions are exercised and the Shares are transferred to the participants of thePlan. The Yell Trust is a discretionary trust and all employees (including executivedirectors) of the Company are included in the class of potential beneficiaries. Therefore John Condron and John Davis, as executive directors of the Company,are deemed to be interested in the Shares, whilst they are held in the YellTrust. Following the awards of options and purchase of shares by the Yell Trust, JohnCondron and John Davis hold options over 1,565,088 shares and 946,795 sharesrespectively. Enquiries to: Howard RubensteinUK General Counsel and Company SecretaryTel: +44 (0) 118 960 [email protected] This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
HIBU.L