2nd Jul 2008 14:07
Terrace Hill Group Plc ("Terrace Hill" or the "Company")
Employee Benefit Trust
The Company announces that on 2 July 2008 it received notification from Appleby Trust (Jersey) Limited (formerly known as Bailhache Labesse Trustees Limited) (the "Trustee") in its capacity as trustee of the Terrace Hill Group Employee Benefit Trust (the "Trust") that on 2 July 2008 the Trustee purchased 200,000 ordinary shares of 2p each in the Company at a price of 50 pence per share. The Trust now holds 1,020,000 ordinary shares in Terrace Hill representing 0.48% of the current issued share capital of the Company.
For the purposes of the Companies Act 1985 the Executive Directors of the Company, being Robert Adair (Chairman), Philip Leech (Chief Executive) and Tom Walsh (Finance Director), have an interest in the shares acquired by the Trustee as they are potential beneficiaries of the Trust. The Trust was established to facilitate the operation of the Terrace Hill Group Performance Share Plan (the "Plan") and it is intended that the shares purchased by the Trust will be used to satisfy awards under the Plan.
For further information please contact:
|
Miranda Kelly Terrace Hill Group Plc |
Tel: 0141 332 2014 |
|
Richard Crawley/Luke Webster Oriel Securities Limited |
Tel: 020 7710 7600 |
Related Shares:
Thg