10th May 2005 13:38
Following the sanction by the Court of the Scheme of Arrangement of the Company,as described in the circular sent to shareholders on 23 March 2005 ("SchemeDocument"), Geest PLC Ordinary Shares of 5p each were released to Directors ofGeest PLC today in accordance with the rules of the Long Term Incentive Planand following the exercise of the discretion of the Company's RemunerationCommittee, as outlined in the Scheme Document, as follows:Mark Pullen 22,291Jane Scriven 17,948Gareth Voyle 33,237The Ordinary Shares have been released to the directors by the Trustee of theGeest PLC 1996 General Employee Benefit Trust ("Trust").Participants other than Directors have exercised options granted to them underthe Company Share Option Scheme. The exercise of these options has beensatisfied by the transfer of shares from the Trust.Following the release to the above Directors and other participants under theLong Term Incentive Scheme and the exercise of options by participants otherthan Directors in the Company Share Option Scheme the Trustees of the Trusttoday ceased to be interested in 741,945 ordinary shares of 5p each in theCompany.Directors' total holding following this notificationMark Pullen 154,336Jane Scriven 109,484Gareth Voyle 141,572Enquiries:Dawn DurrantCompany SecretaryGeest PLCTel: 01775 763085GEEST PLCRelated Shares:
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