21st Jun 2010 13:19
HomeServe plc
Director Shareholding
In advance of potential changes to the capital gains tax regime to be announced in the budget on 22 June 2010, Richard Harpin, CEO of HomeServe plc, has entered into the transaction detailed below.
Richard Harpin has today transferred for no consideration 2,400,000 shares into trust in which he will retain a beneficial interest in the capital and income during the life of the trust and which will be for the benefit of him and his family. The trustees of the trust, who will acquire the voting rights attaching to the shares are Drummond Kerr and Philip Harrison.
All capital, income and voting rights of the shares in Richard Harpin's trust will revert to Richard Harpin after a period of 170 days.
The table below summarises the change in Richard Harpin's interest as a result of this transaction.
|
Prior to today's transaction |
Following today's transaction |
Upon termination of the trust period |
|||
|
Direct Interest |
Indirect Interest |
Direct Interest |
Indirect Interest |
Direct Interest |
Indirect Interest |
|
11,021,714 (16.76%) |
- |
8,621,714 (13.11%) |
2,400,000 (3.65%) |
11,021,714 (16.76%) |
- |
|
|
|
|
|
|
|
21 June 2010
Related Shares:
HSV.L