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17 Jun 2016 12:55
Harvey Nash Group plc
("the Company")
Harvey Nash Group plc
Share Option Exercise and PDMR shareholding
The Company announces that, on 27 May 2016, the Person Discharging Managerial Responsibilities ("PDMR") listed below exercised options under the Harvey Nash 2005 Executive Share Option Scheme to acquire ordinary 5p shares in the Company as follows:-
PDMR | No. of options exercised | Exercise price | No. of shares sold @ 68.64p (weighted average) | Resulting holding under this exercise |
Mr. T. Blumenberg | 100,000 | £0.60 | 100,000 | Nil |
The shares acquired following the exercise of options were sold gradually over a period three weeks, with the final sale made on 17 June 2016.
Following these transactions, Mr. Blumenberg continues to hold 30,000 ordinary shares in the Company, which represents 0.04% of the issued share capital.
The option exercise was satisfied by a transfer of 100,000 ordinary shares from Harvey Nash Group EBT Limited. Following this transfer, Harvey Nash Group EBT Limited holds 797,584 shares. The Trust is a discretionary trust under which all employees of the Harvey Nash Group are potential beneficiaries, including the directors, each of which is deemed for the purposes of the Companies Act 2006 as interested in all of the Shares held by Harvey Nash Group EBT Limited.
Further information is available from:
Richard Ashcroft, Group Finance Director - 020 7333 0033
17 June 2016
END
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