21 Jan 2009 15:41
21 January 2009
Highcroft Investments Plc (the 'Company')
Director/PDMR Shareholding
The Financial Services Authority ("FSA") has recently issued a statement to clarify some divergent interpretations of the disclosure requirements under the Disclosure and Transparency Rules ("DTR") for directors who grant security over their shareholdings by the creation of a security interest such as a pledge, mortgage or charge. The FSA now states that all grants of security over shares owned by persons discharging managerial responsibilities ("PDMRs") and their connected persons are required to be disclosed to the market by 23 January 2009.
The Company was notified today of the following grants of security over shares in the Company.
Mr Jonathan Kingerlee, a Director of the Company, has a beneficial interest in 92,096 ordinary shares in the Company, representing 1.78 per cent. of the total voting rights of the Company. Since April 1999, these shares have been charged as security for loans taken out by Mr Kingerlee with HSBC Bank PLC (formerly Midland Bank PLC).
Mr David Kingerlee, a Director of the Company, has a beneficial interest in 166,250 ordinary shares in the Company, representing 3.22 per cent. of the total voting rights of the Company. Since August 2007 39,200 of these shares, in the name of Mrs S A Kingerlee, have been charged as security for loans taken out by Mrs Kingerlee with Triodos Bank.
Kingerlee Holdings Limited, which is a related party through the directorships of Mr David Kingerlee and Mr Jonathan Kingerlee, has a beneficial interest in 1,310,347 shares representing 25.4 per cent of the total voting rights of the Company. Since October 2002, these shares have been charged as security for loans taken out with HSBC Bank PLC.
No other director of the Company has granted security over or entered into any financial instruments relating to any of their holdings of Ordinary Shares in the Company.
Enquiries:
David Bowman 01865 840 023
Highcroft Investments plc
Philip Davies / Freddy Crossley
Charles Stanley Securities 020 7149 6000