Character Regulatory News (CCT)

29 Sep 2009 18:32

The Character Group plc

(the "Company')

Dealings by Directors

The Company has today been informed of dealings in issued ordinary shares of 5p each in the capital of the Company ("Ordinary Shares") by certain of the directors of the Company and these are detailed below. These dealings were, in part, effected to reorganise the pension arrangements of these directors.

On 29 September 2009, the TOPS Pension Scheme ("TOPS") transferred 75,000 Ordinary Shares to the personal pension scheme of Kiran Shah, Group Finance Director and Joint Managing Director of the Company, and 401,867 Ordinary Shares to the personal pension scheme of Jon Diver, Joint Managing Director of the Company.

On 29 September 2009::

● 966,750 Ordinary Shares were acquired, at 65 pence per share, by TOPS, of which Richard King (the Chairman of the Company) and certain of his family members are now the sole beneficiaries; and

● 533,250 Ordinary Shares were acquired, at 65 pence per share, by Mr Shah's personal pension scheme. 

On 28 September 2009, Sarissa Holdings Limited ("Sarissa") sold 500,000 Ordinary Shares at a price of 67.5 pence per share. On 29 September 2009, Sarissa sold a further 1.5 million Ordinary Shares at a price of 65 pence per share.

The interests of the above mentioned directors following these transactions will be as follows:

Notes:

1. included in the interests of R. King are his interests in 1,885,428 Ordinary Shares/voting rights held by Cedarberg Investments Limited, 320,000 Ordinary Shares/voting rights held by his spouse, Mrs M.H. King, and 1,186,750 Ordinary Shares/voting rights held by TOPS; 

2. included in the interests of K.P. Shah are the interests of Sarissa in 7,220,000 Ordinary Shares/voting rights and 608,250 Ordinary Shares/voting rights of Mr Shah's personal pension scheme;

3. included in the interests of J.J. Diver are 401,867 Ordinary Shares/voting rights held by Mr Diver's personal pension scheme;

4. Orbis Pension Trustees Limited is the trustee of the Company's Employee Share Ownership Trust. Each of R. King, K.P. Shah, and J.J. Diver is deemed to be interested in such Ordinary Shares/voting rights by virtue of being within the class of beneficiaries defined by such trust.