17th Jan 2006 14:43
Evolution Group PLC17 January 2006 Directors' Interest and Transactions in Own Shares 17 January 2006For immediate release The Evolution Group Plc The Evolution Group Plc (the "Company") has today received notification fromEvolution EBT Limited as Trustee of The Evolution Group Plc Employees' ShareTrust ("the Trust") (a discretionary trust of which all employees ofThe Evolution Group Plc and its subsidiaries are beneficiaries), that (i) on 13 January 2006 230,179 Ordinary 1p Shares ("Shares"); and (ii) on 16 January 2006 100,000 Shares, were either transferred to or sold on behalf of employees who had exercised options over Shares held in the Trust. None of the Shares referred to above was transferred to or sold on behalf of any of the executive directors (the "Directors") of the Company. However, each of the Directors is a member of the class of discretionary beneficiaries of the Trust and is consequently taken to have an interest in all the Shares held in the Trust. As a consequence of the vesting of the aforementioned Shares to employees other than the Directors, the Directors have ceased to be interested in those Shares. The Company also announces that on 16 January 2006, Evolution EBT Limited, completed a purchase of 250,000 Shares in the Company at an average price of £1.4499 per share. The Executive Directors are deemed for Companies Act purposes to be interested in all Shares held by the Trust. The Trust now holds a total of 7,993,852 Shares representing approximately 3.545% of the Company's issued share capital. For more information please contact:The Evolution Group PlcGraeme Dell, Finance Director 020 7071 4300 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
EVG.L