The Company announces that Mr Bob Westcott, a non executive director
of the Company, has today sold 42,708 shares in the Company at a
price of 306p. Following this sale Mr Westcott has an interest in
627,059 ordinary shares representing 3.84 per cent of the issued
share capital of the Company.
These 42,708 shares have been purchased by Mr. E Bohan and currently
represent Mr. Bohan's entire holding in the Company. Mr. Bohan is a
director of Bendery Properties Limited, which has an interest in
522,956 shares in the Company, representing 3.20 per cent of the
issued share capital of the Company.
In addition, Mr. Westcott has entered into an Option to sell to
Bendery Properties Limited up to a further 602,059 ordinary shares
(representing 3.69 per cent of the issued share capital of the
Company). The price at which these transactions may take place will
be determined by the timing of each sale which is at the discretion
of Bendery Properties Limited. The price at which any transaction
will take place increases over time, and is based upon an annualised
increase of 6 per cent from the starting price of 306p.
ENDS
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