18th Jan 2006 17:14
Evolution Group PLC18 January 2006 18 January 2006 The Evolution Group PlcNotification of Transactions of Directors and Directors' Shareholdings The Evolution Group Plc (the "Company") has received notification on 18 January 2006 from Evolution EBT Limited (the "Trustee") as Trusteeof The Evolution Group Plc Employees' Share Trust (the "Trust", a discretionary trust of which all employees of The Evolution Group Plc and its subsidiaries are beneficiaries), that Alex Snow, Chief ExecutiveOfficer, ("Director") had exercised call rights at an exercise price of one pence per share (the "Call Rights") over 4,000,000 ordinary shares of 1p each in the capital of the Company ("Shares") on 18 January 2006. These Call Rights were granted to Alex Snow on 13 November 2003 under The Evolution Group Plc 2002 Executive Share Incentive Plan (the "Plan") and had vested in previous years in accordance with the performance criteria attached to the Call Rights. The Trustee also notified the Company that on 18 January 2006, it had disposed of 1,656,504 Shares at a sale price of 143.0 pence per share on behalf of Alex Snow solely to cover the exercise and taxation costs of the Call Rights transaction and that the balance of 2,343,496 Shares arising from the Call Rights exercise were transferred to Alex Snow. As a result of the above transactions, Alex Snow has an interest in 3,018,969 Shares of the Company, including Shares held by the Trusteefor the Director. The Shares which Alex Snow now holds represent approximately 1.32 % (previously 0.30%) of the Company's issued share capital. For more information please contact:The Evolution Group PlcGraeme Dell, Finance Director 020 7071 4300 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
EVG.L