16 Jan 2015 11:12
AVESCO GROUP plc ("Avesco" or the "Company")
Transfer of Treasury Shares and Directors' Holdings
Avesco (AIM: AVS) announces that on 15 January 2015 the Company transferred out of treasury 218,157 ordinary shares of 10p each in the Company ("Ordinary Shares") to the Avesco Group Employee Benefit Trust (the "Trust") following the vesting of awards over Ordinary Shares under the Company's Long Term Incentive Plan.
Following the transfer of these Ordinary Shares at nil cost to directors and employees, the interests of the directors concerned in the Ordinary Share capital of the Company (including, where applicable, their interests in shares held on their behalf by the Trust) are as set out below:
Director | Ordinary Shares vested under LTIP | Total holding following issue | % of the Company's voting rights following issue |
Richard Murray | 0 | 5,608,211 | 29.40% |
John Christmas | 40,000 | 150,371 | 0.79% |
Graham Andrews | 40,000 | 269,183 | 1.41% |
David Crump | 40,000 | 216,384 | 1.13% |
The total number of Ordinary Shares in issue is 20,954,750. 1,877,318 Ordinary Shares continue to be held in treasury so the number of Ordinary Shares with voting rights is 19,077,432. 19,077,432 is the figure which 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, Avesco under the FCA's Disclosure and Transparency Rules.
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