24 Mar 2010 15:18
Charles Stanley Group PLC
("Charles Stanley" or "the Company")
2010 Second Interim Dividend - Scrip Alternative and changes to PDMR Interests pursuant to Disclosure Rule 3.1.2
Charles Stanley announces that elections have been made by 166 shareholders to receive 101,498 ordinary shares of 25 pence each in the Company ("Shares") in lieu of cash in respect of all or part of their second interim dividend ("Second Interim Dividend"), to be paid on 25 March 2010.
Application has therefore been made for the admission ("Admission") of 101,498 new Shares to the Official List of the UK Listing Authority and to trading on the London Stock Exchange's market for listed securities. The new Shares will rank pari passu with the Company's existing issued Shares and dealings are expected to commence on Thursday 25 March 2010.
Pursuant to Disclosure Rule 3.1.2, the resultant interests, upon Admission, of certain Directors, PDMRs and their Connected Persons who have elected to receive the Second Interim Dividend in the form of shares are set out below:
| PDMR/Director | Sir David Howard Bt. | Michael R.I. Lilwall | Peter A Hurst | Stephen C. King | Gary Teper | N.M.W. Anderson |
| Connected Persons | James Howard;
Trustees of the Lady Howard Estate;
Queen Street Securities;
Trustees of the Charles Stanley & Co Retirement Benefit Scheme
| Julie Lilwall;
Trustees of the M.R.I. Lilwall SIPP
Trustees of J.C. Lilwall SIPP |
Trustees of the Charles Stanley & Co Retirement Benefit Scheme
| Jennifer King
Trustees of the Charles Stanley & Co Retirement Benefit Scheme
| Trustees of the Constantia SIPP;
Julia Teper | Trustees of the N.M.W. Anderson SIPP |
| Notification in respect of PDMR/Director or Connected Person or Non-Beneficial Interest | PDMR, Connected Person & Non-Beneficial Interest | PDMR & Connected Person | Non-Beneficial Interest | PDMR ,Connected Person and Non-Beneficial Interest | Connected Person | Connected Person |
| Description of Shares (including class) | 25p Ordinary Shares | 25p Ordinary Shares | 25p Ordinary Shares | 25p Ordinary Shares | 25p Ordinary Shares | 25p Ordinary Shares |
| Name of registered shareholder and number of shares | Sir David Howard Bt. and Rock Nominees Ltd | Rock Nominees Ltd | Rock Nominees Ltd | Rock Nominees Ltd | Rock Nominees Ltd | Rock Nominees Ltd |
| Nature of transaction | Acquisition and disposal of shares following scrip dividend election | Acquisition of shares following scrip dividend election | Acquisition of shares following scrip dividend election | Acquisition of shares following scrip dividend election | Acquisition of shares following scrip dividend election | Acquisition of shares following scrip dividend election |
| No. of shares acquired /transferred and % of ISC | Sir David Howard Bt: 23,753 (0.053%), of which 13,753 shares (0.031%) will be gifted without consideration on 25th March 2010 to an unconnected person;
James Howard: 12,700 (0.028%);
Trustees of the Lady Howard Estate: 677 (0.0015%)
Queen Street Securities: 35,000 (0.078%);
Trustees of the Charles Stanley & Co Retirement Benefit Scheme : 5,171 (0.012%)
| Michael Lilwall: 193 (0.0004%);
J. Lilwall: 144 (0.0003%)
Trustees of the M.R.I. Lilwall SIPP: 1172 (0.002%)
Trustees of J.C. Lilwall SIPP: 41 (0.00009%) | Trustees of the Charles Stanley & Co Retirement Benefit Scheme : 5,171 (0.012%)
| Stephen C. King: 510 (0.0011%)
J. King: 204 (0.0004%)
Trustees of the Charles Stanley & Co Retirement Benefit Scheme : 5,171 (0.012%)
| Trustees of the Constantia SIPP: 458 (0.001%)
J. Teper: 97 (0.0002%)
| Trustees of the N.M.W. Anderson SIPP: 211 (0.004%) |
| No. of shares disposed and % of ISC | n/a | n/a | n/a | n/a | n/a | n/a |
| Price of share | 245p | 245p | 245p | 245p | 245p | 245p |
| Date of transaction | 25th March 2010 | 25th March 2010 | 25th March 2010 | 25th March 2010 | 25th March 2010 | 25th March 2010 |
| Total holding | Beneficial Sir David Howard: 7,445,000 (16.712%);
Lady Valerie Howard: 2,530,000 (5.679%)
James Howard: 635,016 (1.425%);
Trustees of the Lady Howard Estate: 33,867 (0.076%);
Queen Street Securities: 2,035,000 (4.568%);
Non Beneficial
Trustees of the Charles Stanley & Co Retirement Benefit Scheme: 305,170 (0.685%)
| Michael Lilwall: 71,465 (0.160%);
Julie Lilwall: 9,185 (0.21%) | Beneficial Peter Hurst: 145,454 (0.327%)
Non Beneficial
Trustees of the Charles Stanley & Co Retirement Benefit Scheme: 305,170 (0.685%)
| Stephen King: 28,683 (0.064%);
Jennifer King: 10144 (0.023%)
Non Beneficial
Trustees of the Charles Stanley & Co Retirement Benefit Scheme: 305,170 (0.685%)
| Trustees of the Constantia SIPP: 26,065 (0.059%);
Julia Teper: 4,867 (0.011%)
| Trustees of the N.M.W. Anderson SIPP: 13,755 (0.030%) |
| Date issuer informed | 26th Feb 2010 | 26th Feb 2010 | 26th Feb 2010 | 26th Feb 2010 | 26th Feb 2010 | 26th Feb 2010 |
| Additional information | The percentages in the notification above are based on the issued share capital following admission of the new Shares on 25 March 2010. Upon Admission the total number of Shares in issue, and therefore the total number of voting shares, will be 44,547,510 shares. There are no shares held in Treasury. The above figure may be used by shareholders to determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Service Authority's Disclosure and Transparency Rules. Copies of the Scrip Dividend Scheme have been lodged with the UK Listing Authority for publication through the Document Viewing Facility, which is situated at Financial Services Authority, 25 The North Colonnade, Canary Wharf, London E14 5HS (Tel no. 020 7676 1000).
| |||||
Gary Teper
Company Secretary 020 7149 6266