8th Apr 2008 09:51
CareTech Holdings PLC08 April 2008 CareTech Holdings PLC ("the Company") 8 April 2008 Directors' Shareholdings The Company was notified on 4 April 2008 of the following transactions: On 3 April 2008, Mrs Wendy Wallace, the wife of Mr Stewart Wallace (CorporateDevelopment Director) transferred 719,750 ordinary shares of 0.5p each in theCompany ("Ordinary Shares") at a price of 435 pence per share to AutovibeLimited, a company in which Wendy Wallace is the sole shareholder and soledirector. As a result of this transaction, Stewart Wallace and his connectedpersons retain an unchanged beneficial interest in 1,186,250 Ordinary Sharesrepresenting 3.2% of the issued share capital of the Company. On 3 April 2008, Mr David Spink (Finance Director) and his wife Mrs ChristinaSpink, gifted 466,500 and 413,500 Ordinary Shares respectively to Mills & ReeveTrust Corporation Limited, into trusts in which they are the sole beneficiaries.As a result of this transaction, David Spink and his connected persons retain anunchanged beneficial interest in 880,000 Ordinary Shares representing 2.4% ofthe issued share capital of the Company. On 3 April 2008, Westminster Holdings Limited a company wholly owned andcontrolled by Westminster Trust, of which Farouq Sheikh and Haroon Sheikh(Executive Chairman and Chief Executive Officer respectively) are potentialbeneficiaries but not Trustees made the following transfers of shares: - A transfer of 450,000 shares representing 1.2 per cent of the issuedcapital of the Company jointly to Farouq Sheikh and his wife Seema Sheikh - A transfer of 450,000 shares representing 1.2 per cent of the issuedcapital of the Company jointly to Haroon Sheikh and his wife Saba Sheikh - A transfer of 2,025,000 shares representing 5.5 per cent of theissued capital of the Company to Cosarf Trust, a trust set up for the benefit ofthe children of Farouq Sheikh and Haroon Sheikh. Farouq and Haroon Sheikh areTrustees of the Cosarf Trust. Following the completion of these transfers Farouq and Haroon Sheikh and theirconnected persons have a beneficial interest in 11,247,500 Ordinary Sharesrepresenting 30.7 per cent of the issued share capital of the Company and a nonbeneficial interest of 2,025,000 Ordinary Shares representing 5.5 per cent. ofthe issued share capital of the Company. Included within both Farouq Sheikh andHaroon Sheikh's beneficial interests are 10,347,500 Ordinary Shares representing28.3 per cent of the issued shared Capital held by Westminster Holdings Limited.As potential beneficiaries of the Westminster Trust, Farouq and Haroon Sheikhand their connected persons are deemed to have a beneficial interest in theshares held by Westminster Holdings Limited. Contacts: CareTech Holdings PLC 01707 652 053Farouq Sheikh, Executive Chairman Brewin Dolphin Investment Banking 0845 270 8600Matt DavisSean Wyndham-Quin Ends This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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