26th May 2011 07:00
IMMEDIATE RELEASE | 26 May 2011 |
eg solutions plc
DIRECTOR SHARE DEALINGS
eg solutions plc ("eg" or "the Company"; LSE-AIM: EGS), the global back office optimisation software company, announces that it has been informed that on 25 May 2011, Elizabeth Gooch, Chief Executive Officer, sold 500,000 ordinary shares of 1 pence in the Company to the eg solutions plc Employee Benefit Trust, at a price of 69.5 pence per share. This transaction has been effected to cover part of the award of options for 1.13 million eg shares due to key employees of XTAQ Limited, a subsidiary of the Company, announced on 24 March 2011 following achievement of agreed sales targets.
As set out in Note 33 to the Company's financial statements for the year ended 31 January 2011, Ms Gooch has used the net proceeds of the share sale to repay the Director's loan in full. Following this transaction, Elizabeth Gooch now has a beneficial interest in 7,629,720 ordinary shares of 1 pence representing 53 per cent of the total issued share capital of the Company.
END
eg solutions plc | 01785-715772 |
Elizabeth Gooch, Chief Executive Officer | www.eguk.co.uk |
Bankside | 020-7367-8888 |
Simon Bloomfield | |
Arbuthnot Securities Limited | 020-7012-2000 |
Tom Griffiths |
About eg solutions plc
eg solutions plc is a global back office optimisation software company. Our software provides historic, real-time and predictive Operational MI. When implemented with our training programme for managers and team leaders to use this intelligence, we guarantee improvements in operational results in short timescales.
The Company, which is listed on the Alternative Investment Market ('AIM') of the London Stock Exchange, is committed to customer satisfaction and the ongoing development of its operations management solutions.
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eg Solutions PLC