29 Mar 2012 07:00
Arden Partners plc ("Arden" or the "Company")
EBT Disposal and Transfer
The Company was notified by the trustees of Arden Partners Employee Benefit Trust Limited (the "Trust") that the Trust yesterday disposed of 25,588 ordinary shares of 10 pence each in the Company ("Ordinary Shares") at a price of 34 pence per Ordinary Share to satisfy a pre-existing contractual obligation to staff dating back to January 2011.
In addition, the Trust has received 2,850 Ordinary Shares that were purchased by certain employees as part of the 2009 Bonus Scheme. As a result of them leaving Arden, these Ordinary Shares became transferable to the Trust for nil consideration under the conditions attached to the 2009 Bonus Scheme.
Following this disposal and transfer, the Trust holds 974,838 Ordinary Shares representing 3.94 per cent of the Company's issued Ordinary Shares.
Total Voting Rights
Arden's issued ordinary share capital comprises 27,128,362 ordinary shares of 10 pence each in the Company (the "Ordinary Shares"), of which 2,372,768 Ordinary Shares are held in treasury, leaving a balance of 24,755,594 Ordinary Shares with voting rights.
The above figure (24,755,594 Ordinary Shares) may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of Arden under the FSA's Disclosure and Transparency Rules.
Enquiries:
Arden Partners plc | 0121 423 8990 |
Trevor Norris - Group Finance Director | |
Altium | 020 7484 4040 |
Sam Fuller |