14th Nov 2005 14:52
Yell Group plc14 November 2005 Yell Group plc (the "Company") Share Purchase by Trustee to Satisfy Conditional Award of Shares Date of Transaction: 11 November 2005Date Company Informed: 11 November 2005 On 11 November 2005, Mourant & Co Trustees Limited as Trustee of the YellEmployee Benefit Trust (the "Yell Trust") acquired in the market, at an averageprice of £4.887008 per share, a total of 1,942,900 Ordinary Shares of 1p each inthe Company (the "Shares"). The Shares acquired in the market will be held by the Yell Trust until they aretransferred to participants in the Company's Capital Accumulation Plan (the "Plan"). Neither of the executive directors named below is entitled to receiveany of the Shares or be granted any benefit under the Plan. The Yell Trust is a discretionary trust and all employees (including executivedirectors) of the Company are included in the class of potential beneficiaries.Therefore John Condron and John Davis, as executive directors of the Company,are deemed to be interested in the Shares, whilst they are held in the YellTrust. This interest will cease following distribution of the Shares to theparticipants in the Plan. Enquiries to: Alison StanesbyAssistant Company SecretaryTel: +44 (0) 118 960 [email protected] This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
HIBU.L