Ascot PLC
22 March 2000
ASCOT PLC
Ascot plc announces that the Trustees of the Ascot Employee
Trust have purchased 100,000 shares in Ascot Plc at a price of
337p per share and a further 320,441 shares in Ascot Plc at a
price of 336p per share. The shares have been acquired for
the purpose of satisfying awards to participants of the Ascot
Performance Share Plan and the Ascot Share Incentive Plan, who
include the executive Directors and certain senior employees
and may be used to satisfy awards under other share or share
option schemes of Ascot plc. The Ascot Performance Share Plan
was approved by shareholders at the AGM on 3 June 1999. The
shares will vest after three years, subject to certain
performance targets being met.
The number of shares acquired for the purpose of satisfying
awards to executive Directors is set out below:
Performance Share Share Incentive
Plan Plan
H P Dyer 89,232 89,232
M J Rogers 61,347 20,449
Following the above-mentioned awards, in addition H P Dyer and
M J Rogers hold a technical interest in all the shares held by
the Trust as potential beneficiaries under the plans.
Enquiries: Howard Dyer, Ascot plc 0171 815 0805
Martin Rogers, Ascot plc 0171 815 0805