Begbies Regulatory News (BEG)

31 Jan 2006 15:28

Begbies Traynor Group PLC31 January 2006 Begbies Traynor Group plc RNS Announcement 31 January 2006 Director's Share Dealings On 31 January 2006, Randolph Graham McInnes, the Chief Financial Officer ofBegbies Traynor Group plc ('BTG') disposed of 500,000 of his existing shares inthe company at £1.30p per share. This disposal was made to fund the exercise of an option over 16 shares inBegbies Traynor Limited (a 100% subsidiary of BTG) at £16,000 per share,acquired by Mr. McInnes in December 2003, and associated taxation liabilities.As part of the group reorganisation immediately prior to the listing of BTG onAIM on 1 October 2004, BTG agreed to acquire the above 16 shares on their issuein exchange for 666,672 new ordinary shares in BTG, as set out in the prospectusissued at the time of listing. The combined effect of the above transactions is to increase the beneficialholdings of Mr McInnes and his immediate family to 1,008,344 shares in BTG,representing 1.35% of the total issued capital of 74,878,728 ordinary shares. This information is provided by RNS The company news service from the London Stock Exchange