BPTY.L Regulatory News (BPTY)

26 Nov 2007 12:39

PartyGaming Plc26 November 2007 26 November 2007 PartyGaming Plc ("PartyGaming" or the "Company") Termination of Planned Sale Programme and Notification of a Transaction by a Director On 2 March 2007 the Company announced that Mr Mitch Garber, Chief ExecutiveOfficer, had adopted a planned sale programme to dispose during 2007 of some ofhis PartyGaming ordinary shares of 0.0015 pence each ("Shares") he receives as aresult of exercising his share options granted under the PartyGaming Plc ShareOption Plan (the "Plan"). Under his planned sale programme Mr Garber was tohave sold Shares between 19 December and 31 December 2007, however, the Companyhas today been advised by Mr Garber that he has decided to terminate his plannedsale programme with immediate effect and does not intend to dispose of anyfurther Shares in 2007. The Company has also been advised that Mr Garber hastoday exercised his share options granted to him and exercisable at nil costunder the Plan in respect of 3,500,000 Shares and as a result currently holds atotal of 8,750,000 Shares. Mr Garber is contractually obliged to retain aminimum of 3,500,000 Shares whilst he remains an employee of PartyGaming. Contacts: PartyGaming Plc +44 (0) 20 7337 0100Peter Reynolds, Director of Investor RelationsJohn Shepherd, Director of Corporate Communications Financial Dynamics +44 (0) 20 7831 3113Edward Bridges / Juliet Clarke This information is provided by RNS The company news service from the London Stock Exchange