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28 Jul 2009 11:10
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28Β JulyΒ 2009
GWΒ PharmaceuticalsΒ plc("GW"Β orΒ "theΒ Company")
SCHEDULE 11Β
NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONSΒ
The company hasΒ todayΒ been notifiedΒ thatΒ on 27 July 2009Β DrΒ Geoffrey Guy, a Director of the Company,Β soldΒ 750,000Β ordinary sharesΒ of 0.1pΒ toΒ Dr Brian WhittleΒ for consideration ofΒ 79Β pence per share. Dr Whittle co-founded the Company with Dr Guy and was a Director of the Company until his retirement in 2008.Β
In addition, Dr GuyΒ also gifted, for nil consideration,Β a furtherΒ 782,111Β ordinary shares of 0.1p to Dr WhittleΒ andΒ members of Dr Whittle's family.Β
TheΒ totalΒ transferΒ ofΒ 1,532,111Β sharesΒ amounts to 1.27% of the issued ordinary share capital.Β Β
Following this notification Dr Guy retains aΒ beneficial interest inΒ 18,323,952Β ordinary shares, amounting to 15.17% of the shares in issue.
Enquiries:Β
GWΒ PharmaceuticalsΒ plc 01980Β 557000
Adam George, Company SecretaryΒ
Nominated Adviser 0207 597 5970
Patrick Robb, Investec Bank plc
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