10th Sep 2010 12:32
Share plc
(the "Company")
Director Dealings
Share plc (AIM:SHRE.LN) announces that on 9 September 2010 Iain Wallace, Compliance & Legal Services Director of the Company, disposed of 848 ordinary shares of 0.5 pence each in the Company ("Ordinary Shares") (representing approximately 0.0005% of the current issued Ordinary Shares) at a price of 28.5 pence per Ordinary Share. Following this deal, Iain Wallace held 116,549 Ordinary Shares (representing approximately 0.07% of the current issued Ordinary Shares). On 10 September Iain Wallace sold 10181 Ordinary Shares (representing approximately 0.006% of the current issued Ordinary Shares) at a price of 29 pence per Ordinary Share. Following this deal, Iain Wallace holds 106,368 Ordinary Shares (representing approximately 0.07% of the current issued Ordinary Shares).
Share plc further announces that on 10 September the undermentioned directors of the Company purchased ordinary shares of 0.5 pence at an allocation cost of 28.875 pence per share as "partnership shares" under the Company's Share Incentive Plan. These purchases were undertaken by the trustee of the Company's Share Incentive Plan, Sharesecure Ltd, a UK registered company, on behalf of these individuals and the shares were purchased in the open market. Allocation cost is calculated in accordance with HMRC SIP Rules and Guidance under the 'quarter up' rule.
In connection with these purchases on the same date the directors were awarded ordinary shares of 0.5 pence as "matching shares" under the Company's Share Incentive Plan. No consideration was paid by the grantees for the award of the matching shares and no consideration is due on the release of the matching shares.
The risk of forfeiture attached to the matching shares will normally be removed on the third anniversary of allocation subject to continued employment and the retention of the Partnership shares in connection with which they were awarded.
All the above transactions are summarised below:
|
Director |
Partnership shares acquired |
Matching shares awarded |
Total holding following notification |
% of current issued shares |
|
Sir Martin Jacomb |
347 |
694 |
420463 |
0.26 |
|
Richard Tolkien |
433 |
866 |
76381 |
0.05 |
|
Iain Wallace |
433 |
866 |
107667 |
0.07 |
|
Richard Stone |
433 |
866 |
81586 |
0.05 |
As announced 31 August, members of the Oldham Family sold a total of 15,750,000 Ordinary Shares under the Tender Offer at a price of 22.5 pence per Ordinary Share. Following the Tender Offer, the Oldham Family holdings are as follows:
|
Family member |
Shares sold |
% of current issued shares |
Total holding following sale |
% of current issued shares |
|
Gavin Oldham |
7400000 |
4.6 |
17353463 |
10.8 |
|
Gavin Oldham No 1 Trust |
- |
- |
27965000 |
17.4 |
|
Gavin Oldham No 2 Trust |
- |
- |
13518750 |
8.41 |
|
Gavin Oldham No 3 Trust |
- |
- |
10815000 |
6.73 |
|
Gavin Oldham No 4 Trust |
- |
- |
19570000 |
12.18 |
|
Virginia Oldham and Virginia Oldham Trust |
750000 |
0.47 |
12352737
|
7.69 |
|
Kathryn Maintzer |
3250000 |
2.02 |
2163229 |
1.35 |
|
Faye Oldham Hinsley |
2175000 |
1.35 |
3233039 |
2.01 |
|
Marianne Oldham |
2175000 |
1.35 |
2331650 |
1.45 |
|
Total |
15750000 |
9.8 |
109302868 |
68.01 |
Following the cancellation of 17,055,059 Ordinary Shares, as detailed in our 31 August announcement, the shares in issue will reduce to 143,652,334: the Oldham Family will then hold 76.1% of the shares in issue.
For more information, please contact:
|
Share plc
|
01296 414141 |
|
Gavin Oldham, Chief Executive |
|
|
Richard Stone, Finance Director
|
|
|
Barbara Pierssene, Company Secretary
|
|
|
KBC Peel Hunt Ltd, Nominated Adviser and Broker
|
020 7418 8900 |
|
Guy Wiehahn |
|
Related Shares:
SHRE.L