Carclo Regulatory News (CAR)

16 Dec 2009 12:49



16 December 2009

Carclo plc ("the Company")

Director/PDMR Shareholding

Carclo plc announces that Mr Ian Williamson, Chief Executive, has today exercised options over 374,000 ordinary shares of 5p each in the Company ("Ordinary Shares") at an exercise price of 50p per share.

Following the exercise of options Mr Williamson has today sold 240,400 of these Ordinary Shares at 128.5p per share and used the sale proceeds to meet the exercise price and attendant tax liability. As a result of this transaction Mr Williamson has increased his holding in the Company by 133,600 to 637,823 Ordinary Shares representing 1.04% of the new issued share capital.

Carclo plc also announces that Mr Robert Brooksbank, Group Finance Director has today exercised options over 291,000 Ordinary Shares. Mr Brooksbank's share options were exercised at the following prices:

Following the exercise of options Mr Brooksbank has today sold 205,550 of these Ordinary Shares at 128.5p per share and used the sale proceeds to meet the exercise price and attendant tax liability. As a result of this transaction Mr Brooksbank has increased his holding by 85,450 to 185,450 Ordinary Shares representing 0.30% of the new issued share capital.

Application to the UK Listing Authority and the London Stock Exchange has been made for these new Ordinary Shares to be admitted to the Official List and to trading on the main market of the London Stock Exchange. It is expected that admission will become effective on 22 December 2009. 

Following the issue of such shares, the Company's issued share capital consists of 61,183,702 ordinary shares with voting rights. The Company holds no shares in Treasury.

Therefore, the total number of voting rights in the Company is 61,183,702.

The above figure 61,183,702 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 the Company under the FSA's Disclosure and Transparency Rules.

Enquiries:

Carclo plc 01924 268040 

Eric Cook

Company Secretary

Brewin Dolphin Limited 0845 213 4730

Andrew Kitchingman

Sean Wyndham-Quin