1 Apr 2016 16:56
1 April 2016
British Polythene Industries PLC
("the Company")
Share Matching Plan - disposal of shares
The Company was informed yesterday that the Trustees of the British Polythene Industries Employee Share Ownership Trust ("ESOT") had transferred beneficial ownership of 15,572 ordinary shares of 25p each in the Company ("shares") at £7.2001 per share to various participants in the Company's Share Matching Plan ("SMP"). These shares are Voluntarily Acquired Shares (as defined in the Rules of the SMP) which the ESOT will hold as nominee for the participants/beneficial owners in accordance with the Rules of the SMP. These shares represent approximately 0.057% of the Company's share capital and total voting rights.
Following this, the ESOT is registered and beneficial owner of 358,883 shares representing approximately 1.310% of the total voting rights and share capital of the Company.
The ESOT is also registered owner of a further 78,459 shares as nominee for participants in the Share Matching Plan, representing approximately 0.286% of the total voting rights and share capital of the Company.
John Langlands, David Harris, David Duthie, Andrew Green, Michael Huyghe and David Pendlebury are Persons Discharging Managerial Responsibilities, who are beneficiaries of the Share Matching Plan.
Hilary Kane
Company Secretary & Legal Counsel
01475 501055