4th Apr 2008 16:30
Ashmore Group PLC04 April 2008 Ashmore Group plc ("Ashmore" or the "Company") 4th April 2008 DTR 3.1.4 - Notification of Transaction by Director/PDMR The Company announces that on 4th April 2008 it received notification fromJulian Green that on 1 April 2008 he entered into two contracts to sell, inaggregate, 26,775,000 ordinary shares of 0.01 pence each in the Company ("Shares") to a trust ("Trust"), of which he is co- trustee and solebeneficiary, under arrangements to facilitate tax planning before changes to UKcapital gains tax become effective on 6 April 2008. Under the terms of each Contract, Mr. Green has agreed to sell the Shares to theTrust on a date falling six years from the date of entry into the Contract orsuch earlier time as the parties to the Contract may agree (in each case "Completion"). The consideration for the Shares under each Contract shall betheir market value on the date of Completion. Until Completion, Mr. Green shall continue to control the exercise of votingrights in respect of the Shares. For further information please contact: Michael Perman Tel: 020 7557 4190 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Ashmore