ACE.L Regulatory News (ACE)

7 Apr 2005 17:23

Accident Exchange Group PLC07 April 2005 7 April 2005 Accident Exchange Group plc (the "Company") Director Shareholding The Company was informed yesterday that the Rt Hon Lord Young of Graffham, adirector of the Company, gifted, on 29 March 2005, 50,000 ordinary shares("Shares") of £0.05 each in the Company to a charitable trust ("Trust"). The RtHon Lord Yound of Graffham is a trustee of the Trust but will no longer have abeneficial interest in the Shares. The Rt Hon Lord Young of Graffham, as aconsequence of the transfer to the Trust, will hold 2,661,475 shares in theCompany. Ends For more information please contact: Steve Evans, Chief Executive, Accident Exchange Group plc Tel: 08700 116719 Martin Andrews, Finance Director, Accident Exchange Group plc Tel: 08700 053 649 Jonathon Brill/Billy Clegg, Financial Dynamics Tel: 020 7831 3113 Notes to Editors About Accident Exchange Accident Exchange was formed in 2001 to provide ABI (Association of BritishInsurers) approved car hire on credit to motorists of prestige cars involved innon-fault accidents. Having listed on AIM in April 2004, the Company has grown its car rental fleetrapidly from 250 to over 800. The Company reported maiden interim results forthe period ended 31st October 2004. Turnover increased significantly to £7.670million (2003: £1.136 million, profit before taxation was up to £2.133 million(2003: £0.303 million, profit before taxation and goodwill amortisation was upto £2.461 million (2003: £0.303 million), with earnings per share up to 2.3p(2003: 0.4p). The Company recommended its first interim dividend of 0.5p (2003:nil). This information is provided by RNS The company news service from the London Stock Exchange