Sign In
27 May 2008 17:23
|
For Immediate Release |
27 May 2008 |
Portland Gas plc
(The "Company")
Directors' Share Acquisitions
The Company announces that the Directors below chose to accept the issue to them, or their nominees, of fully paid ordinary shares in the Company in lieu of cash bonuses that otherwise fell due for payment on 24 May 2008. The number of shares so issued and the resultant new beneficial holdings held by the Directors are as follows:
|
Director |
Shares Issued |
New Total Beneficial Holding |
Percentage of Issued Share Capital |
|
Mark Abbott |
2,860 |
6,687,666 |
9.86% |
|
Maurice Hazzard |
1,144 |
1,144 |
|
|
Andrew Hindle |
22,885 |
6,617,117 |
9.75% |
|
Kenneth Ratcliff |
4,577 |
53,000 |
0.08% |
|
Walter Roberts |
16,210 |
1,042,960 |
1.54% |
The issue price of these shares was 409p (being the middle-market closing price on 23 May 2008, the last trading day before the bonuses were otherwise payable). Application has been made for the new shares to be admitted to trading on AIM with dealings expected to commence on 2 June 2008.
Immediately following the issue of these shares, the total issued ordinary share capital of the Company will be 67,849,516 Ordinary 10p shares.
Enquiries:
|
Andrew Hindle / Craig Gouws Portland Gas plc |
Tel: +44 (0) 20 8332 1200 |
|
|
|
|
Jonathan Wright / Sarah Jacobs Seymour Pierce Limited |
Tel: +44 (0) 20 7107 8008 |
This information is provided by RNS
The company news service from the London Stock Exchange
Follow the stocks
