ACE.L Regulatory News (ACE)

17 Jul 2008 07:00



Accident Exchange Group Plc

('Accident Exchange' or the 'Company')

Director / PDMR Dealing

The Company was notified on 16 July 2008 that the trustee of the Company's Long Term Incentive Plan (which is Lloyds TSB Offshore Trust Company Limited) (the 'LTIP') acquired on that day 200,000 ordinary shares of 5p each in the Company ("Ordinary Shares") at a purchase price of 55.4125 pence per Ordinary Share, equating to 0.28 per cent. of the Company's issued share capital. These Ordinary Shares were purchased to hedge the liability of previous awards made under the LTIP. The total holding of the LTIP following this transaction is 200,000 Ordinary Shares, equating to 0.28 per cent. of the Company's issued share capital.

Certain of the Company's Executive Directors and Persons Discharging Managerial Responsibility ('PDMR') are potentially beneficiaries of the LTIP. 

These transactions are notified as required by Disclosure Rule 3.1.4 (R)(1)(a).

Contacts:

Accident Exchange Group Plc

Steve Evans, Chief Executive 08700 116 719

Martin Andrews, Group Finance Director 08700 053 649

Bankside

Steve Liebmann or Simon Bloomfield 020 7367-8888