7th Jan 2009 16:22
MAPELEY LIMITED
EMPLOYEE SHARE SCHEME SALE
Mapeley Limited announces that following the vesting of shares under the Company's share scheme, 54,446 ordinary shares were sold on behalf of Jamie Hopkins, formerly chief executive officer of Mapeley. The sale was made to provide funds to meet his tax and national insurance liabilities, as required under the rules of the Company's share scheme. The rules of the share scheme require that these sales happen automatically when share awards vest in order to provide the funds to meet the employees' tax and national insurance liabilities, which are triggered by vesting.
Following this sale Mr Hopkins has an interest in 129,984 ordinary shares, representing 0.44% of the issued share capital of the Company.
ENDS
Date: 7 January 2008
Contact: Nicola Perkins, Investor Relations, Mapeley
Tel: +44 (0)20 7788 1882
Related Shares:
Mayflower (wi)