ABM.L Regulatory News (ABM)

24 Nov 2006 16:08

Albemarle & Bond Holdings PLC24 November 2006 ALBEMARLE & BOND HOLDINGS PLC "the Company" The Company announces that on 23 November 2006 it received notices, pursuant toS.324 Companies Act 1985, from Mr Greville Vincent Nicholls and Mr DavidAlistair Louden Page, both being directors of the Company, relating to theexercise of options as follows: Exercise PriceName Scheme No. Exercised (per share) G V Nicholls Unapproved 17,000 Ordinary shares of 4p each £0.455 D A L Page Unapproved 35,000 Ordinary shares of 4p each £0.285 The Company further announces a transfer of shares approved on 23 November 2006held by Albemarle & Bond Trustee Limited ("the Trustee") as Trustee of theAlbemarle & Bond Pawnbrokers Limited Employee Benefit Trust ("the ESOP"). The ESOP was established for the purpose of facilitating the holding of sharesin the Company by or for the benefit of bona fide employees or former employeesof the Company and its subsidiaries. Following the exercise of options by an employee ("the Employee") on 23 November 2006 and the transfer of 20,000 Ordinary shares of 4p each approved pursuant to the exercise held by the Trustee to the Employee, the Trustee now holds 262,250 Ordinary shares of 4p each in the capital of the Company as Trustee of the ESOP. Each of the following directors of the Company, as a potential beneficiary ofthe ESOP, for the purposes of Section 324 of the Companies Act 1985 is regardedas interested in the remaining shares held by the Trustee, which is equivalentto 0.56% of the Company's issued share capital: C L Nicolson G V Nicholls D A L Page D P Pattinson Following the above transactions Mr Nicholls' beneficial interest in theCompany's shares will be 897,652 Ordinary 4p shares, which is equivalent to1.93% of the Company's issued share capital; and Mr Page's beneficial interestin the Company's issued share capital will be 572,352 Ordinary 4p shares, whichis equivalent to 1.23% of the Company's issued share capital. As stated above, both Mr Nicholls and Mr Page are directors of Albemarle & BondTrustee Limited, the Trustee of the Albemarle & Bond Pawnbrokers EmployeesBenefit Trust which now holds 262,250 Ordinary 4p shares in the Company.Aggregating personal holdings and the holding of the Trustee, Mr Nicholls isconsidered to be interested in 1,159,902 Ordinary 4p shares, which is equivalent to 2.49% of the Company's issued share capital; and Mr Page is considered to be interested in 834,602 Ordinary 4p shares, which is equivalent to 1.79% of the Company's issued share capital. The Company further announces that application has today been made for 52,000new Ordinary 4p shares to be admitted to listing pursuant to the exercise ofshare options under the unapproved share option scheme detailed above and anadditional non-director exercise of options on the same day as the optionslisted above. It is expected that dealings will commence in the new ordinaryshares on 30 November 2006. Following the exercise of share options the issuedshare capital of the Company will be increased from 46,518,056 Ordinary sharesof 4p each to 46,570,056 Ordinary shares of 4p each. Date: 24 November 2006 END This information is provided by RNS The company news service from the London Stock Exchange