11th Jul 2007 10:05
Evolution Group PLC11 July 2007 The Evolution Group Plc 10 July 2007 Notification of Transactions of Directors and Directors' Shareholdings The Evolution Group Plc (the "Company") has been notified that following theaward of shares made under the Evolution Group Plc 2002 Executive ShareIncentive Plan in July 2004 to the Finance Director of the Company, Graeme Dell,that all performance conditions have been met in full. Therefore in accordancewith the rules of the plan Mr Dell was granted call rights at an exercise priceof 1 pence per share (the "Call Rights") over 1,312,500 ordinary shares of 1pence each in the capital of the Company (the "Shares") on 6 July 2007 byEvolution EBT Limited (the "Trustee"), as trustee of The Evolution Group PlcEmployees' Share Trust (the "Trust"). Mr. Dell exercised the Call Rights over 1,312,500 Shares on 10 July 2007 andimmediately sold 534,373 Shares to the Trustee at a sale price of 143.0 penceper Share to cover the taxation costs arising on exercise of the Call Rights. As a result of the above transactions, Mr. Dell has an interest in 1,120,946ordinary shares in the capital of the Company, representing 0.509% (previously0.159%) of the Company's issued share capital. In addition, the Company received notification from the Trustee that on 10 July2007 the Trust completed the purchase of 671,971 ordinary shares of 1 pence eachin the Company at 143.6 pence per share. Each of the Directors is a member of the class of discretionary beneficiaries ofthe Trust and is consequently taken to have an interest in all the shares heldin the Trust. As at 10 July 2007, and following the transactions mentionedabove, the Trust holds a total of 12,237,916 ordinary shares in the capital ofthe Company, representing approximately 5.517% of the Company's issued sharecapital. This notification relates to transactions notified in accordance with DTR 3.1.4R(1)(a) and DTR 3.1.4R (1)(b). For more information please contact: The Evolution Group PlcTony Lee, Group Company Secretary Tel: 0207 071 4300 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
EVG.L