14th Jan 2009 17:24
Devro plc (the "Company")
Director/PDMR Shareholding
In light of the guidance issued by the FSA on 9 January 2009 in relation to obligations to disclose security granted over shares, the Company announces that Peter Page, Chief Executive Officer, has granted security over 125,964 ordinary shares in the Company held by him in favour of his bank, Adam & Company plc, as security against a personal loan entered into in March 2007. The arrangement relates to 125,964 ordinary shares in the Company (representing approximately 0.075% of the Company's issued share capital) and also extends to any further shares in the Company which may be acquired by Mr Page pursuant to the Company's dividend re-investment plan whilst the arrangement remains in place. A further announcement will be made in the event that additional shares become the subject of the security arrangement.
There has been no disposal of any of the shares in question and therefore Mr Page's total interest in shares in the Company remains at 248,554 ordinary shares (representing approximately 0.15 per cent of the issued share capital of the Company).
Related Shares:
DVO.L