22nd Sep 2006 17:35
Novae Group PLC22 September 2006 Novae Group plc22 September 2006 On 18 July 2005, SVB Holdings PLC, then the holding company of the Novae Group,announced an increase in the beneficial interest of Jeremy Adams in thatcompany's shares. This related to a bonus award, deferred until September 2006,all of which Mr Adams took in shares. The award vested as Ordinary shares in Novae Group plc on 22 September 2006,crystallising the income tax and employee's national insurance liabilitiesarising on this share bonus. The reduction in beneficial interest set out belowreflects the disposal of shares on the same day at 27.125p to satisfy theseliabilities. Director Disposal of Ordinary Percentage Total Percentage of shares of 10p each to of class beneficial class represented satisfy tax & National represented interest by total Insurance liability by following beneficial disposal disposal interest JR Adams 295,200 0.04 564,052 0.08 The holdings detailed above do not include beneficial interests in the NovaeGroup's All Employee Share Ownership Plan. Enquiries:Novae Group plc 020 7903 7300Matthew Fosh M: Communications 020 7153 1535Nick Miles This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Novae Group