2nd Oct 2009 14:28
St Peter Port Capital Limited ("the Company")
2 October 2009
The Company announces that it yesterday (1 October 2009) purchased 250,000 of its ordinary shares of nil par value ("Ordinary Shares") at a price per Ordinary Shares of 43p. All of the repurchased shares will be held in treasury.
The Company was also notified that Pebble Investments Limited, a wholly owned subsidiary of Shore Capital Group plc, purchased 500,000 Ordinary Shares at a price of 43p per Ordinary Share on 1 October 2009. Shore Capital Group plc is a company in which Graham Shore, a Director of St Peter Port Capital Limited and of Shore Capital Limited, is interested. Pebble Investments Limited is now interested in 5,500,000 representing 7.3 per cent. of the Company's issued share capital.
In addition, the Company was also notified that Hawk Investment Holdings Limited, a company wholly owned by Bob Morton, chairman of the Company, purchased 250,000 Ordinary Shares at a price of 43p per Ordinary Share on 1 October 2009. Bob Morton is now directly interested in 250,000 Ordinary Shares representing 0.3 per cent. of the Company's issued share capital. In addition Southwind Limited, a company which is held entirely by related parties of Bob Morton holds 2,500,000 Ordinary Shares representing 3.3 per cent. of the Company's issued share capital.
For further information:
St Peter Port Capital Limited
Peter Griffin - 01481 751000
St Peter Port Investment Management Limited
Tim Childs - 020 7877 5064 / Graham Shore - 020 7408 4090
Deloitte LLP - Nominated Adviser
Jonathan Hinton / James Lewis - 020 7936 3000
Shore Capital Stockbrokers Limited - Broker
Dru Danford - 020 7408 4090
Related Shares:
SPPC.L