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2 Aug 2011 11:10
Charles Stanley Group PLC
("Charles Stanley" or "the Company")
2011 Final Dividend - Scrip Alternative and changes to PDMR Interests pursuant to Disclosure Rule 3.1.2
Charles Stanley announces that elections have been made by 212 shareholders to receive 136,007 ordinary shares of 25 pence each in the Company ("Shares") in lieu of cash in respect of all or part of their final dividend ("Final Dividend"), to be paid on 3 August 2011.
Application has therefore been made for the admission ("Admission") of 136,007 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 3 August 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 Final Dividend in the form of shares are set out below:
PDMR/Director | Sir David Howard Bt. | Peter A. Hurst | Stephen C. King | Gary Teper | Philip Nathan |
Connected Persons | James Howard;
Trustees of the Lady Howard Estate;
Queen Street Securities;
Trustees of the Charles Stanley & Co Retirement Benefit Scheme
| Trustees of the Charles Stanley & Co Retirement Benefit Scheme
| Trustees of the Charles Stanley & Co Retirement Benefit Scheme
| Trustees of the Constantia SIPP;
Julia Teper | H.A. Nathan |
Notification in respect of PDMR/Director or Connected Person or Non-Beneficial Interest | PDMR, Connected Person & Non-Beneficial Interest | Non-Beneficial Interest | Non-Beneficial Interest | PDMR & Connected Person | PDMR & Connected Person |
Description of Shares (including class) | 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 |
Nature of transaction | 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: 30,000 (0.06 %)
Lady Valerie Howard: 9,999 (0.02%)
James Howard: 861 (0.001%)
Trustees of the Lady Howard Estate: 865 (0.001 %)
Queen Street Securities: 32,400 (0.07%);
Trustees of the Charles Stanley & Co. Retirement Benefit Scheme: 7,794 (0.01%)
| Trustees of the Charles Stanley & Co. Retirement Benefit Scheme: 7,794 (0.01%)
| Trustees of the Charles Stanley & Co. Retirement Benefit Scheme: 7,794 (0.01%)
| Trustees of the Constantia SIPP: 584 (0.001%)
Gary Teper: 47 (0.0001%)
J. Teper: 124 (0.0002%)
| Trustees of the EBS Happy Years SIPP: 4,141 (0.009%)
H.A. Nathan 318 (0.0007%) |
No. of shares disposed and % of ISC | n/a | n/a | n/a | n/a | n/a |
Price of share | 329.78p | 329.78p | 329.78p | 329.78p | 329.78p |
Date of transaction | 3 August 2011 | 3 August 2011 | 3 August 2011 | 3 August 2011 | 3 August 2011 |
Total holding | Beneficial Sir David Howard: 7,490,000 (16.56%);
Lady Valerie Howard: 2,549,999 (5.64%)
James Howard: 649,999 (1.43%);
Trustees of the Lady Howard Estate: 35,442 (0.07%);
Queen Street Securities: 2,102,500 (4.65%);
Non Beneficial
Trustees of the Charles Stanley & Co. Retirement Benefit Scheme: 319,367 (0.7%)
| Beneficial Peter Hurst: 149,716 (0.33%)
E.J. Hurst: 22,916 (0.05%)
Non Beneficial
Trustees of the Charles Stanley & Co. Retirement Benefit Scheme: 319,367 (0.7%)
| Beneficial
Stephen King: 31,076 (0.06%);
J.L. King: 13,000 (0.02%)
Non Beneficial
Trustees of the Charles Stanley & Co. Retirement Benefit Scheme: 319,367 (0.7%)
| Trustees of the Constantia SIPP: 28,031 (0.06%);
Gary Teper: 1,934 (0.004%);
Julia Teper: 5,092 (0.01%)
| Trustees of the EBS Happy Years SIPP: 169,671 (0.37%)
P.C. Nathan: 406,981 (0.9%)
H.A. Nathan: 13,552 (0.02%%) |
Date issuer informed | 18th July 2011 | 18th July 2011 | 18th July 2011 | 18th July 2011 | 18th July 2011 |
Additional Information | The percentages in the notification above are based on the issued share capital following admission of the new Shares on 3 August 2011. Upon Admission the total number of Shares in issue, and therefore the total number of voting shares, will be 45,208,028 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 the National Storage Mechanism at www.hemscott.com/nsm.do.
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Gary Teper
Company Secretary 020 7149 6627
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