29th Nov 2005 17:52
888 Holdings plc29 November 2005 888 HOLDINGS PLC VARIATION TO LOCK-UP ARRANGEMENTS 888 Holdings plc (the "Company") announces that HSBC Bank plc ("HSBC") and theCompany have agreed to a variation to the lock-in arrangements put in place uponthe Company's admission to the Official List of the FSA and to trading on theLondon Stock Exchange between, amongst others, HSBC and Sinitus Nominees Limited(the "Principal Shareholder Trustee") in its capacity as trustee of the E ShakedShares Trust, the O Shaked Shares Trust and the Ben-Yitzhak Family Shares Trustrespectively (the "Principal Shareholder Trusts"). The variation to the lock-up arrangements has been granted in order to permitthe transfer of 235,968 ordinary shares in the Company representing 0.07 percent. of the issued share capital of the Company (the "Shares") by the PrincipalShareholder Trustee to certain employees of the Company to be held under theterms of the employee share schemes put in place by the Company upon theCompany's admission to the Official List of the FSA and to trading on the LondonStock Exchange. The Shares were transferred by the Principal Shareholder Trusteepro rata to the number of ordinary shares the Principal Shareholder Trusteeholds on behalf of each of the Principal Shareholder Trusts. Save for the agreed variation referred to above, the lock-up arrangements towhich the Principal Shareholder Trustee is subject in respect of the PrincipalShareholder Trusts shall continue as described in the prospectus published bythe Company on 15 September 2005 and, accordingly, shall expire on the date ofpublication of the interim report and accounts for the Company for the six monthperiod ending 30 June 2006. The Shares were transferred by the Principal Shareholder Trustee on 28 November2005. Following the transfer of shares, the interests in the issued sharecapital of the Company held by the Principal Shareholder Trustee on behalf ofthe Principal Shareholder Trusts are as follows: Number of Percentage Ordinary Shares of ordinary share capitalE Shaked Shares Trust 86,283,535 25.60O Shaked Shares Trust 86,283,535 25.60Ben-Yitzhak Family Shares Trust 57,522,355 17.06Total 230,089,425 68.26 For further information please contact:Aviad Kobrine888 Holdings plcTel: +350 49800 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
888.L