Last checked at 27 Jun 2008 12:00
For Immediate Release
EXPRO INTERNATIONAL GROUP PLC
Expro International Group PLC ('Expro') announces that on 26 June 2008, ordinary shares of 10p were allotted to Executive Directors as set out below, following the exercise of options and/or release of awards under the Expro share schemes, in accordance with the terms of the acquisition of Expro by Umbrellastream Limited by means of a Scheme of Arrangement.
Expro International Group Performance Share Plan 2003
Name No of shares allotted Exercise price
Graeme Coutts 88,450 £1 in total
John McAlister 23,253 £1 in total
Gavin Prise 5,506 £1 in total
Mike Speakman 66,588 £1 in total
Expro International Group Senior Manager Share Plan
Name No of shares allotted Exercise price
Gavin Prise 1,500 Nil
Expro International Group Share Matching Plan
Name No of shares allotted Exercise price
Gavin Prise 10,546 Nil
Expro Executive Share Option Scheme 1995
Name No of shares allotted Exercise price per share
Gavin Prise 19,371 468p
Gavin Prise 25,132 385p
As a result of the above transactions, the beneficial interests of the Executive Directors in Expro ordinary shares are as follows:
Name No of shares held Percentage of issued
capital at close of business on 26 June 2008
Graeme Coutts 288,450 0.26%
John McAlister 29,329 0.03%
Gavin Prise 85,080 0.08%
Mike Speakman 147,520 0.13%
For further information please contact:
Expro International Group PLC 0118 959 1341
Melanie Cox, Deputy Company Secretary
Dealing disclosure requirements
Under the provisions of Rule 8.3 of the Takeover Code, if any person is, or becomes, 'interested' (directly or indirectly) in 1% or more of any class of 'relevant securities' of Expro, all 'dealings' in any 'relevant securities' of Expro (including by means of an option in respect of, or a derivative referenced to, any such 'relevant securities') must be publicly disclosed by no later than 3.30 pm (London time) on the London business day following the date of the relevant transaction. This requirement will continue until the date on which any offer becomes, or is declared, unconditional as to acceptances, lapses or is otherwise withdrawn or on which the 'offer period' otherwise ends. If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire an 'interest' in 'relevant securities' of Expro, they will be deemed to be a single person for the purpose of Rule 8.3.
Under the provisions of Rule 8.1 of the Takeover Code, all 'dealings' in 'relevant securities' of Expro by any potential offeror or Expro, or by any of their respective 'associates', must be disclosed by no later than 12.00 noon (London time) on the London business day following the date of the relevant transaction.
A disclosure table, giving details of the companies in whose 'relevant securities' 'dealings' should be disclosed, and the number of such securities in issue, can be found on the Takeover Panel's website at www.thetakeoverpanel.org.uk. 'Interests in securities' arise, in summary, when a person has long economic exposure, whether conditional or absolute, to changes in the price of securities. In particular, a person will be treated as having an 'interest' by virtue of the ownership or control of securities, or by virtue of any option in respect of, or derivative referenced to, securities.