20th Dec 2006 11:06
Novae Group PLC20 December 2006 For immediate release 20 December 2006 Novae Group plc Director / PDMR Shareholding The Company has today been notified that ORP Corbett has purchased a further29,502 Ordinary shares of 10 pence each in Novae Group plc at a price of 34.5pence per share. The purchase represents a reinvestment of the proceeds of thesale of 10,600 7% Convertible Bonds 2008 in Novae Holdings PLC at a price of 97pence each on 19 December 2006. Following this purchase the number of Ordinary Shares of 10 pence each held byORP Corbett is as follows: +--------------+--------------+----------------+-------------+--------------+|Director |Purchase of |Percentage of |Total |Percentage of || |Ordinary |class |beneficial |class || |shares of 10 |represented by | |represented by|| |pence each |purchase |Interest |total || | | |following |beneficial || | | |purchase* |interest || | | | | || | | | | |+--------------+--------------+----------------+-------------+--------------+|ORP Corbett |29,502 |0.004% |1,115,411 |0.152% || | | | | || | | | | |+--------------+--------------+----------------+-------------+--------------+ \* This figure excludes shares held by the Trustees of the All Employee Share Ownership Plan and shares subject to LTIP awards, but includes an interest in 710,065 Ordinary Shares of 10 pence each by way of deferred bonus payable in shares in December 2008. Following the sale of 10,600 7% Convertible Bonds 2008, ORP Corbett retains nobeneficial interest in the 7% Convertible Bonds 2008 in Novae Holdings PLC. Enquiries: MJ Turvey 020 7903 7300Group Legal Counseland Company SecretaryNovae Group plc This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Novae Group