27 Feb 2013 15:22
AVESCO GROUP plc ("Avesco" or the "Company")
Correction re Directors' Dealings
The following amendments have been made to the "Directors' Dealings" announcement released on 30 January 2013 at 12.07pm under RNS No 7052W.
Certain directors, set out below, sold 95,178 Ordinary Shares in aggregate and not 95,180 Ordinary Shares in aggregate on 29 January 2013.
John Christmas sold 36,090 and not 36,091 Ordinary Shares and his holding following the trade is 57,371 Ordinary Shares. Graham Andrews sold 29,012 and not 29,013 Ordinary Shares and his holding following the trade is 167,852 Ordinary Shares
All other details remain unchanged. The full amended text is shown below.
Avesco (AIM: AVS) was notified on 30 January 2013 that its Chairman, Richard Murray, acquired 200,000 ordinary shares of 10p each in the Company ("Ordinary Shares") at 150p per Ordinary Share on 29 January 2013.
The Company was also notified on 30 January 2013 that certain directors, set out below, sold 95,178 Ordinary Shares in aggregate on 29 January 2013 to cover their tax liabilities arising from the recent vesting of awards under the Company's Long Term Incentive Plan as announced on 10 January 2013. These Ordinary Shares were held on behalf of the directors concerned by the Avesco Employee Benefit Trust (the "Trust").
Following these transactions the interests of the directors concerned (including, where applicable, their interests in shares held on their behalf by the Trust) are as set out below:
Director | Ordinary Shares traded | Bought/ sold | Price per share | Total holding following trade | % of the Company's voting rights following trade |
John Christmas | 36,090 | Sold | 149p | 57,371 | 0. 2% |
Graham Andrews | 29,012 | Sold | 149p | 167,852 | 0. 7% |
David Crump | 30,076 | Sold | 149p | 128,684 | 0. 5% |
Richard Murray
| 200,000 | Bought | 150p | 5,493,206 | 21.2% |
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