11 Mar 2016 11:30
C H Bailey Plc
11 March 2016
Issuance of treasury shares and Director dealing
C H Bailey Plc ("the Company" of "the Group"), the diverse group of businesses, with investments and operations around the world in Leisure, Property principally in Tanzania and Malta and a UK engineering business, announces that it has today issued a total of 23,147 ordinary shares of 10p each held in treasury ("Treasury Shares") to Directors in lieu of cash fees payable ("Remuneration Shares").
The Remuneration Shares have been granted to certain Directors in lieu of fees. The Remuneration Shares were priced at 142.5p per ordinary share, being the closing mid market price on 10 March 2016.
The interests held by the relevant Directors following the above movements in shares are tabled below:-
Director | Last shareholding notified | Number of Treasury Shares issued | Current interest in Ordinary Shares held |
Sir William McAlpine | 28,000 | 4,631 | 32,631 |
Christopher Fielding | - | 12,386 | 12,386 |
David Wilkinson | - | 6,130 | 6,130 |
Following the Remuneration Shares transfer, the total number of issued ordinary shares in the Company is 8,335,413 of which 704,511 are held as Treasury Shares.
The number of voting rights in the Company is therefore 7,630,902. This figure should be used by shareholders as the denominator in the calculation of their interest in the Company.
The Remuneration Shares to be released from treasury have already been admitted to trading on AIM and no further application is necessary.
Contacts:
CH Bailey plc
Bryan Warren, Company Secretary
+44 (0) 1633 262 961
Arden Partners plc
James Felix, Ciaran Walsh
+44 (0) 207 614 5900