28th Nov 2005 07:01
Amlin PLC28 November 2005 PRESS RELEASETo be released at 7am28 November 2005 Amlin plc (the "Company") Rights Issue - Director and PDMR resultant shareholdings Following the Rights Issue and in accordance with section 324 of the CompaniesAct 1985 and Disclosure Rule 3.1.2R, the Company was duly notified on 25November 2005 by each of the Directors below that on completion of the RightsIssue he was interested in Ordinary Shares of 25p in the Company as stated inthe table below. Name New Ordinary Resultant total Resultant total Shares subscribed holding holding for in Rights Issue (Number of shares) (%) N J C Buchanan 2,004 12,600 0.002B D Carpenter (and spouse) 46,428 724,352 0.137R A Hextall 9,381 146,362 0.028A W Holt (and spouse) 233,566 2,756,084 0.521R W Mylvaganam 1,076 4,460 0.001C E L Philipps 17,553 273,041 0.052Lord Stewartby 3,946 50,000 0.009R J Taylor 4,884 20,235 0.004 The resultant total holding stated above for Mr Buchanan includes 4,296 ExistingOrdinary Shares purchased by him in the market on 23 November 2005 at a price of230.75p per share, increasing his total holding from the 6,300 shares that heheld prior to the Rights Issue to the number stated above. All Directors' sales of Nil Paid Rights during the Rights Issue period werepreviously announced on 10 November 2005, other than a sale of 1,564 Nil PaidRights made on behalf of Mr Philipps by his ISA manager on 21 November 2005 at aprice of 34.76p per share. Such sale was to raise sufficient funds to take upthe balance of his rights entitlement in his ISA of 307 New Ordinary Shares,which are included in his total subscription stated above. Following the Rights Issue and in accordance with Disclosure Rule 3.1.2R, theCompany was also duly notified on 25 November 2005 by each of the SeniorManagers below that on completion of the Rights Issue he was interested inOrdinary Shares of 25p in the Company as stated in the table below. Name New Ordinary Shares Resulting total Resultant total subscribed for in holding holding Rights Issue (Number of shares) (%) S C W Beale 19,470 283,554 0.054J le T Illingworth 12,110 188,951 0.036 All such Senior Managers' sales of Nil Paid Rights during the Rights Issueperiod were previously announced on 10 November 2005. In addition to the above shareholdings, the Group's Employee Share OwnershipTrust ("ESOT") subscribed for its full entitlement under the Rights Issue of540,092 New Ordinary Shares, giving a resultant total holding of 2,237,526shares (0.423 per cent of the shares now in issue). For the purposes of theCompanies Act 1985, the executive Directors of the Company (Messrs B DCarpenter, R A Hextall, A W Holt and C E L Philipps), as potential beneficiariesof the ESOT, are deemed to have a technical interest in all of the shares heldby the ESOT. Definitions used in the Prospectus dated 2 November 2005 shall have the samemeanings when used in this announcement, unless the context requires otherwise. 28 November 2005 -Ends- Enquiries: Charles Pender, Amlin plc 020 7746 1000David Haggie, Haggie Financial 020 7417 8989Peter Rigby, Haggie Financial 020 7417 8989 Hoare Govett Limited, which is authorised and regulated in the United Kingdom bythe Financial Services Authority, is acting as sponsor, underwriter, broker andjoint financial adviser to Amlin in connection with the Rights Issue and thelisting of the New Ordinary Shares on the Official List and their admission totrading on the London Stock Exchange's market for listed securities and will notbe responsible to anyone other than Amlin for providing the protections affordedto clients of Hoare Govett Limited or for providing advice in relation to theRights Issue, proposed listing or admission to trading or the contents of thisannouncement or any other matters referred to in this announcement. Lexicon Partners Limited, which is authorised and regulated in the UnitedKingdom by the Financial Services Authority, is acting as joint financialadviser to Amlin in connection with the Rights Issue and the listing of the NewOrdinary Shares on the Official List and their admission to trading on theLondon Stock Exchange's market for listed securities and will not be responsibleto anyone other than Amlin for providing the protections afforded to customersof Lexicon Partners Limited or for providing advice in relation to the RightsIssue, proposed listing or admission to trading or the contents of thisannouncement or any other matters referred to in this announcement. The release, publication or distribution of this announcement in certainjurisdictions may be restricted by law and therefore persons in suchjurisdictions into which this announcement is released, published or distributedshould inform themselves about and observe such restrictions. No offer, invitation or inducement to acquire shares or other securities inAmlin is being made by or in connection with this announcement. Any offer,invitation or inducement to acquire shares in Amlin will be made solely by meansof the prospectus, published on 2 November 2005, and any decision to keep, buyor sell shares in Amlin should be made solely on the basis of the informationcontained in such document. This announcement is not for distribution or transmission, directly orindirectly, in or into the United States, Canada, Australia, Japan, New Zealandor the Republic of South Africa and does not constitute, or form part of, anoffer to sell or the solicitation of an offer to subscribe for or buy anysecurities ("Securities"), nor the solicitation of any vote or approval in anyjurisdiction, nor shall there be any sale, issue or transfer of the Securitiesreferred to in this announcement in any jurisdiction in contravention ofapplicable law. The Securities have not been and will not be registered under the US SecuritiesAct of 1933, as amended (the "Securities Act") and may not be offered or sold inthe United States unless registered under the Securities Act or an exemptionfrom such registration is available. No public offering of Securities of Amlinis being made in the United States. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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