30 Aug 2011 07:00
For release: 26 August 2011
PARK GROUP PLC
('Park' or 'the Company')
REPLACEMENT OF ANNOUNCEMENT 'DIRECTOR/PDMR SHAREHOLDING'
The following amendment has been made to the 'Director/PDMR Shareholding' announcement released on 3 March 2011 at 16.54 under RNS No 3130C. The text below has been inserted into the original announcement.
The Company confirms that Chris Houghton, Martin Stewart and Gary Woods all sold Ordinary Shares in the Company to cover expenses relating to the options at a price of 33p per Ordinary Share.
All other details remain unchanged.
The full amended text is shown below.
Park Group plc announces that application has been made for the admission to AIM of 2,966,580 new Ordinary Shares of 2p each in the Company ("Ordinary Shares"), pursuant to the exercise of options by employees of the Company. The new Ordinary Shares rank pari passu with the Company's existing issued Ordinary Shares, and dealings are expected to commence on 9 March 2011.
Included within this exercise of options, the following Directors have exercised options over Ordinary Shares, and subsequently sold sufficient shares to pay for their associated costs.The Company confirms that Chris Houghton, Martin Stewart and Gary Woods all sold Ordinary Shares in the Company to cover expenses relating to the options at a price of 33p per Ordinary Share. The options were exercised at a price of 21.17p per Ordinary Share. The number of options exercised by Directors, and the amounts sold are as follows:
Options Exercised | Shares Sold | Resultant Holding | % of Issued Share Capital | |
C Houghton | 1,000,000 | 824,342 | 322,797 | 0.19% |
M Stewart | 608,290 | 501,439 | 206,851 | 0.12% |
G Woods | 750,000 | 618,257 | 174,696 | 0.10% |
Following Admission, the Company's enlarged issued share capital will comprise 168,030,990 Ordinary Shares. Therefore the total number of Ordinary Shares with voting rights is 168,030,990. This figure of 168,030,990 ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FSA's Disclosure and Transparency Rules.
-ends-
For further information please contact:
Park Group plc | Arden Partners | Tavistock Communications |
Peter Johnson / Chris Houghton | Adrian Trimmings / Jamie Cameron | John West / Andrew Dunn |
Tel: 0151 653 1700 | Tel: 020 7614 5917 | Tel: 020 7920 3150 |