3rd Nov 2005 17:40
3 November 2005Increase in Director's ShareholdingPursuant to Sections 324 and 328 of the Companies Act 1985, we write to adviseyou of the following increase in the shareholding of Ordinary 5p Shares in theCompany, resulting from exercise of options and sale of shares in respect of MrM C Nower, Group Finance Director of the Company.Exercise of OptionsDate of Date of Options Price Date No. of Ord. 5p Notification Exercised Acquired Exercise Per Share Shares Acquired 03/11/05 03/11/05 122,500 158p 03/11/05 122,500 Mr Nower was originally granted 245,000 options at 131p per share on 18 March1999 by Countrywide Assured Group plc, now Balanus Limited, under the ExecutiveShare Option Scheme (1996). On 21 May 2004 (the date the Scheme of Arrangementbecame effective), options were exchanged and, following adjustment, Mr Nowerheld options over 122,500 Ordinary Shares of 5p each in Countrywide plc at 158pper share. The exercise period was from 18 March 2002 to 18 March 2006.Sale of SharesDate of Date of No. of Price Total Percentage Notification Shareholding of issued Transaction Shares Sold Per Share after Event share capital 03/11/05 03/11/05 80,389 383p 194,598 0.109% Following the exercise of 122,500 options at 158p per share under the ExecutiveShare Option Scheme (1996), detailed above, Mr Nower retains 42,111 shares,having sold 80,389 shares at 383p per share to pay the subscription price,income tax liability on the gain from the exercise of these options andstockbrokers commission.Following the above transaction, Mr Nower's shareholding in Countrywide plc wasincreased by 42,111 shares from 152,487 shares to 194,598 shares (including MrsNower's holding of 5,275 shares).Director/Company SecretaryCountrywide plcENDCOUNTRYWIDE PLCRelated Shares:
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