23rd Dec 2005 10:40
Punch Taverns PLC23 December 2005 Punch Taverns plc (the "Company")23 December 2005 NOTIFICATION OF OPTION EXERCISES On 22 December 2005 Andrew Thompson, Business Director, exercised options to purchase 41,238 Ordinary shares of 0.04786p each in the capital of the Company, pursuant to the Company's Executive Share Option Scheme, as set out in the table below: Name Date of Exercise Number of Shares Gain made on Grant Price Exercised exercise* Andrew Thompson 5 December 2002 £1.94 41,238 £277,183.57 *this is the aggregate market price on the date of exercise less the aggregateexercise price of the shares subject to the option exercised. The share price on the date of exercise was £8.661557. On 22 December 2005 Mr Thompson disposed of 41,238 Ordinary shares of 0.04786peach, as set out in the table below: Value of Name Date of Market Price on Number of Shares Shares Disposal Disposal Disposed Disposed* Andrew Thompson 22 December 2005 £8.661557 41,238 £357,185.29 *the actual value received by the employee is the gain made on exercise. Thevalue of the shares disposed shows the total value of the shares subject to theoption before shares equivalent to the aggregate exercise price were sold. Following the above transactions Mr Thompson now has the following interests inthe Ordinary share capital of the Company: Total Number of Outstanding Name Ordinary Shares in Share Incentives held over the Company Ordinary Shares of the Company Andrew Thompson 45,980 69,026 The issued share capital of Punch Taverns plc is now 262,449,863 Ordinary sharesof 0.04786p each. Date of Notification: 22 December 2005 Name of contact and telephone number for queries: Susan RuddDeputy Company Secretary01283 501750 This information is provided by RNS The company news service from the London Stock Exchange ENRelated Shares:
Punch Taverns PLC