GHS.L Regulatory News (GHS)

30 Sep 2005 16:01

NewMedia SPARK PLC30 September 2005 SCHEDULE 11 NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS 1) Name of company NewMedia Spark plc 2) Name of director Andrew Carruthers 3) Please state whether notification indicates that it is in respect of holding of the shareholder named in 2 above or in respect of a non-beneficial interest or in the case of an individual holder if it is a holding of that person's spouse or children under the age of 18 or in respect of a non-beneficial interest 4) Name of the registered holder(s) and, if more than one holder, the number of shares held by each of them (if notified) 5) Please state whether notification relates to a person(s) connected with the Director named in 2 above and identify the connected person(s) 6) Please state the nature of the transaction. For PEP transactions please indicate whether general/single co PEP and if discretionary/non discretionary 7) Number of shares/amount of stock acquired 8) Percentage of issued class 9) Number of shares/amount of stock disposed 10) Percentage of issued class 11) Class of security 12) Price per share 13) Date of transaction 14) Date company informed 15) Total holding following this notification 16) Total percentage holding of issued class following this notification If a director has been granted options by the company please complete the following boxes 17) Date of grant 30 September 2005 18) Period during which or date on which exercisable Exercisable from the date each year that it is confirmed by the Remuneration Committee that the performance targets have been achieved for the year in question. Exercisable up to 29 September 2015. 19) Total amount paid (if any) for grant of the option Nil 20) Description of shares or debentures involved: class, number 6,818,182 Ordinary 2.5p shares 21) Exercise price (if fixed at time of grant) or indication that price is to be fixed at time of exercise 11p 22) Total number of shares or debentures over which options held following this notification 8,098,182 23) Any additional information One fifth of the share options awarded will vest each year from 2006 to 2010 subject to meeting performance targets. The performance target will be assessed after completion of the annual audit for the years 2006 to 2010. The performance target is growth in net assets per share. Growth in net assets per share in excess of 10% per annum over five years (61% in total) will lead to all options vesting. Growth in net assets per share less than 5% per annum will lead to no options vesting. Performance between 5% and 10% per annum will lead to options vesting proportionately. Further details of the executive share option scheme are available in the Notice of Annual General Meeting 2005, available for download from www.newmediaspark.com. The scheme was approved by the shareholders of NewMedia SPARK at the Annual General Meeting held on 15 September 2005. 24) Name of contact and telephone number for queries Andrew Betton, Company Secretary & Finance Director, 020 7851 7721 25) Name and signature of authorised company official responsible for making this notification As above Date of Notification 30 September 2005 This information is provided by RNS The company news service from the London Stock Exchange