12th Aug 2005 16:10
12 August 2005The Board of Directors of Countrywide plc announces that the Board has todayreceived the following:-Notification of Directors ShareholdingThe Trustees of the Employee Benefit Trust have received notification from anoption holder exercising 50,000 option rights over ordinary Shares of 5p eachin the Company held by the Trustees of the Employee Benefit Trust, detailsbelow:Date of Date of No. of option Granted Price per Scheme Notification Exercise rights on Share exercised 12.08.05 11.08.05 50,000 15.04.02 198p Executive Deferred Incentive Scheme (1996) The option holder was originally granted 100,000 option rights at 151p pershare on 15 April 2002 under EDIS to subscribe to Ordinary Shares of 5p each inCountrywide Assured Group plc, now Balanus Limited held by the Trustees of theEmployee Benefit Trust. On 21 May 2004 (the date the Scheme of Arrangementbecame effective) these rights were exchanged and following adjustment, wereconverted to 50,000 rights at 198p per share.This is an announceable occurrence because the following Directors ofCountrywide plc are included within the class of beneficiaries of the Trustalthough they have not themselves exercised any rights:Harry D HillMichael C NowerThe purchase, allocation, sale and transfer of shares are at the discretion ofthe Trustees. The Directors named were deemed to have an interest in theseshares. Their total shareholdings now amount to 1,382,327, shares, includingtheir interest in the shares held by the Trustees, representing 0.77% of theissued share capital of the Company.Director/Company SecretaryCountrywide plcENDCOUNTRYWIDE PLCRelated Shares:
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