15th Mar 2007 17:44
15 March 2007
The Board of Directors of Countrywide plc announces that the Board has today received the following:
Notification of Transaction by a Director
The Trustees of the Employee Benefit Trust have received notification from Mr M C Nower, an option holder and Group Finance Director of the Company. Mr Nower has exercised 16,340 options over ordinary shares of 5p each in the Company held by the Trustees of the Employee Benefit Trust, details below.
Exercise of Options
Date of Date of No of Granted Price Scheme Date No. of
Notification Options on Acquired Ord. 5p Exercise Exercised Per Shar e Shares Acquired 13/03/07 15/03/07 16,340 21/03/00 203p Executive 13/03/07 16,340 Share Bonus Scheme
He retains the shares. 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 1,968,332, shares, including their interest in the shares held by the Trustees, representing 1.152% of the issued share capital of 170,872,067.
Current Shareholding
Following the above transactions, Mr Nower's shareholding in Countrywide plc was increased by 16,340 shares from 268,475 shares to 284,815 shares (including Mrs Nower's holding of 5,275 shares).
Director/Company Secretary
Countrywide plc
COUNTRYWIDE PLCRelated Shares:
CWD.L