Admiral Regulatory News (ADM)

30 Sep 2005 16:58

Admiral Group PLC30 September 2005 Admiral Group plc Directors' interests: update to previous announcement made on 14 September 2005(RNS Number 2463R) The announcement (RNS 2463R) made by the Company on 14 September 2005 wasincorrect in so far as the number of ordinary shares in the Company subscribedfor by Capita IRG Trustees Limited, as trustee of the Admiral Group plc ApprovedShare Incentive Plan ("SIP"), at the nominal value of 0.1 pence per ordinaryshare, such shares to be held in the SIP trust for the purposes of the SIP, was581,565 ordinary shares and not, as previously announced, 581,000 ordinaryshares. Also, in sofar as the number of ordinary shares allocated as"Free Shares" under the SIP to persons discharging managerial responsibility was 411 ordinaryshares to each person discharging managerial responsibility and not, as previously announced,413 to each such person. The full corrected Announcement should have been: Admiral Group plc (the "Company") announces that on 9 September 2005: (a) Capita IRG Trustees Limited, as trustee of the Admiral Group plc Approved Share Incentive Plan ("SIP"), subscribed for 581,565 ordinary shares in the Company at the nominal value of 0.1 pence per ordinary share, such shares to be held in the SIP trust for the purposes of the SIP; and (b) Capita Trust Company (Jersey) Limited, as trustee of the Admiral Group plc Employee Benefit Trust ("EBT"), subscribed for 685,000 ordinary shares in the Company at the nominal value of 0.1 pence per ordinary share, such shares to be held in the EBT for the purposes of the Company's employee share schemes (other than the SIP). The executive directors and persons exercising managerial responsibility of theCompany have not received any ordinary shares pursuant to the subscription byCapita Trust Company (Jersey) Limited, but being beneficiaries under the EBT, incommon with all other Admiral group employees, their potential interest in theordinary shares held by the EBT has been increased accordingly. On 14 September 2005, the SIP trustee, Capita IRG Trustees Limited, notified theCompany that, of the ordinary shares subscribed for, the following numbers ofordinary shares have been allocated as "Free Shares" under the SIP to personsdischarging managerial responsibility: Persons Discharging Managerial Number of ordinary sharesResponsibility allocated Mrs C Carrel 411Mr S Clarke 411Ms S Lewis 411Mrs J Miles 411Mr P Marissen 411Mr S Morgan 411Mrs L Scadden 411Miss C Steed 411 This information is provided by RNS The company news service from the London Stock Exchange