Highway Capital Regulatory News (HWC)

19 Apr 2007 17:10

Highway Capital PLC19 April 2007 NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY ORCONNECTED PERSONS 1. Name of the issuer HIGHWAY CAPITAL PLC 2. State whether the notification relates to: ( ) (i) a transaction notified in accordance with DR 3.1.4R(1)(a); or ( ) (ii) DR 3.1.4(R)(1)(b) a disclosure made in accordance with section 324 (as extended by section 328) of the Companies Act 1985; or (X) (iii) both (i) and (ii) 3. Name of person discharging managerial responsibilities ARON M FREEDMAN 4. State whether notification relates to a person connected with a person discharging managerial responsibilities named in 3 and identify the connected person DIRECTOR AND PERSON ACTING IN CONCERT WITH THE DIRECTOR (DAVID STEVEN LEDERMAN) 5. Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest BENEFICIAL INTERESTS OF DIRECTOR AND PERSON ACTING IN CONCERT WITH THE DIRECTOR 6. Description of shares (including class), debentures or derivatives or financial instruments relating to shares ORDINARY SHARES OF 2 PENCE EACH 7. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them DIRECTOR: KEELWALK PROPERTIES LIMITED - 1,750,000 SHARES SCHWECO NOMINEES LIMITED - 550,000 SHARES PERSON ACTING IN CONCERT WITH THE DIRECTOR: DAVID STEVEN LEDERMAN - 50,000 SHARES 8. State the nature of the transaction SHARE SALE 9. Number of shares, debentures or financial instruments relating to shares acquired N/A 10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage) N/A 11. Number of shares, debentures or financial instruments relating to shares disposed DIRECTOR: 2,300,000 PERSON ACTING IN CONCERT WITH THE DIRECTOR: 50,000 TOTAL: 2,350,000 12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage) DIRECTOR: 28.95 PERSON ACTING IN CONCERT WITH THE DIRECTOR: 0.63 TOTAL: 29.58 13. Price per share or value of transaction 16 PENCE 14. Date and place of transaction 18 APRIL 2007 - LONDON 15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage) NIL - NIL% 16. Date issuer informed of transaction 19 APRIL 2007 If a person discharging managerial responsibilities has been granted options bythe issuer complete the following boxes 17. Date of grant N/A 18. Period during which or date on which it can be exercised N/A 19. Total amount paid (if any) for grant of the option N/A 20. Description of shares or debentures involved (class and number) N/A 21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise N/A 22. Total number of shares or debentures over which options held following notification N/A 23. Any additional information NONE 24. Name of contact and telephone number for queries DEREK CROWHURST - KEITH, BAYLEY, ROGERS & CO. LIMITED (020) 7871 2232 Name and signature of duly authorised officer of issuer responsible for makingnotification A H DRUMMONCHAIRMAN Date of notification 19 APRIL 2007 This information is provided by RNS The company news service from the London Stock Exchange