21st Mar 2007 17:46
21 March 2007
The Board of Directors of Countrywide plc announces that the Board has today received the following:
Notification of Transaction by the Trust
The Trustees of the Employee Benefit Trust have received notification from an option holder of the Company that he has exercised and sold 4,902 options over ordinary shares of 5p each in the Company held by the Trustees of the Employee Benefit Trust, details below.
Exercise and Sale of Options
Date of Date of No of Granted on Price Scheme Notification Options Exercise Exercised Per Share 20/03/07 21/03/07 4,902 21/03/00 203p Executive Share Bonus Scheme DateAcquired No. of Ord. 5p Date of Sale Selling Date of No. of Ord. SharesAcquired Price per Notification 5p Shares Share Sold 20/03/07 4,902 20/03/07 592p 21/03/07 4,902
These options would expire on 21 March 2007 if not exercised.
This is an announceable occurrence because the following Directors of Countrywide plc are included within the class of beneficiaries of the Trust:
Harry D HillMichael C NowerGrenville Turner
The purchase, allocation, sale and transfer of shares are at the discretion of the Trustees. The Directors named were deemed to have an interest in these shares. Their total shareholdings now amount to 1,963,430, shares, including their interest in the shares held by the Trustees, representing 1.149% of the issued share capital of 170,938,317.
Director/Company Secretary
Countrywide plc
COUNTRYWIDE PLCRelated Shares:
CWD.L