17th Dec 2009 15:35
17 December 2009
Spice plc
Purchase of Shares for the Trustees of the Freedom Group Employee Share Ownership Plan
Spice plc ("Spice or "the Company") announces that on 15 and 16 December 2009, the Trustees of the Freedom Group Employee Share Ownership Plan ("ESOP") purchased 4,195,000 ordinary shares of 2p each in the Company at an average price of 53.098p per share and 1,285,000 ordinary shares of 2p each in the Company at an average price of 58.37p per share respectively. Following these purchases, the total number of shares in Spice held by the ESOP is 5,505,543. This represents approximately 1.56 per cent of the issued share capital of the Company.
These shares were acquired to satisfy needs arising under Spice's existing employee share schemes in which employees and executive directors participate.
Ends
Spice plc
Tel: 0113 201 2120
Simon Rigby, Chief Executive Officer
Oliver Lightowlers, Group Finance Director
Julia Morton, Company Secretary
Financial Dynamics
Tel: 020 7831 3113
Billy Clegg
Caroline Stewart
KBC Peel Hunt (Broker)
Tel: 020 7418 8900
Julian Blunt (Corporate finance)
Matthew Tyler (Corporate broking)
NOTES TO EDITORS
Spice plc
Spice is a total utility infrastructure support services business. The Group's operations were founded in 1996 and have their origins in the electricity industry, although the range of activities has since been expanded into other niche areas. The Group is organised into two divisions to match its utility customer base; a Supply Division; and a Distribution Division. Spice's businesses have a common theme of delivering and co-ordinating infrastructure services to customers, and the technological element within the product mix has been built up significantly over the course of the last three years.
Related Shares:
Spire Healthcare