10th Nov 2009 12:23
Harvey Nash Group PLC
Harvey Nash Group plc announces that on the 9th November 2009, 83,257 ordinary shares in the Company of 5p each were transferred to an employee and a former employee of the Harvey Nash Group Plc by the Harvey Nash Group EBT Limited
These shares were transferred in connection with the Company's deferred consideration for the acquisition of SilkRoad Systems Limited. The business has achieved the earnout target and accordingly the deferred consideration is now being settled. The earn out is split into three tranches, this being the second of three annual instalments.
Following this transfer, the Harvey Nash Group EBT Limited will hold 909,792 shares.
The Trust is a discretionary trust under which all employees of the Harvey Nash Group are potential beneficiaries, including the directors, each of which is deemed for the purposes of the Companies Act 1985 as interested in all of the Shares held by Harvey Nash Group EBT Limited.
Contact:
Richard Ashcroft
Group Finance Director
020 7333 0033
Related Shares:
Harvey Nash Group