25th Sep 2006 17:13
Evolution Group PLC25 September 2006 25 September 2006 The Evolution Group Plc Notification of Transactions of Directors and Directors' Shareholdings The Evolution Group Plc (the "Company") has received notification on 22September 2006 from Evolution EBT Limited (the "Trustee") as Trustee of TheEvolution Group Plc Employees' Share Trust (the "Trust", a discretionary trustof which all employees of The Evolution Group Plc and its subsidiaries arebeneficiaries), that Graeme Dell, Finance Director, ("Director") had exercisedcall rights at an exercise price of one pence per share (the "Call Rights") over500,000 ordinary shares of 1p each in the capital of the Company ("Shares") on22 September 2006. These Call Rights were granted to Graeme Dell on 31 January2003 under The Evolution Group Plc 2002 Executive Share Incentive Plan (the"Plan") and had vested in accordance with the performance criteria attached tothe Call Rights. The Trustee also notified the Company that on 25 September 2006, it had disposedof 205,001 Shares at a sale price of 143.0 pence per share on behalf of GraemeDell solely to cover the taxation costs of the Call Rights transaction and thatthe balance of 294,999 Shares arising from the Call Rights exercise weretransferred to Graeme Dell. As a result of the above transactions, Graeme Dell has an interest in 342,819Shares of the Company, including Shares held by the Trustee for the Director.The Shares which Graeme Dell now holds represent approximately 0.15% (previously0.02%) of the Company's issued share capital. For more information please contact:The Evolution Group PlcGraeme Dell, Finance Director Tel: 020 7071 4300 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
EVG.L