7th May 2013 15:55
Arden Partners plc ("Arden" or the "Company")
Exercise of Options and Director's Holding
Exercise of Options
Arden was notified on May 7th, 2013 that Steve Wassell, Chief Operating Officer and Company Secretary has exercised, on the same day, options over 200,000 Ordinary Shares of 10 pence each in the Company, which had been granted to him under the Arden Partners Share Plan 2007 at an exercise price of 10 pence per Ordinary Share.
The exercise of the above options will be satisfied through a disposal of shares from the Arden Partners Employee Benefit Trust Limited (the "Trust") as agreed by the trustees. Following this disposal the Trust holds 1,948,868 Ordinary Shares representing 8.74 per cent of the Company's issued Ordinary Share capital
Director's Holding
Steve Wassell now owns 763,743 Ordinary Shares, representing 3.42 per cent of the Company's issued Ordinary Share capital.
22,304,356 Ordinary Shares with voting rights has been used as the denominator for the calculations of the interests in the issued Ordinary Share capital of Arden.
Enquiries:
Altium Sam Fuller | 020 7484 4040 |
Related Shares:
ARDN.L