22 Dec 2009 16:52
NOVAE GROUP PLC ("the Company")
PURCHASE OF SHARES BY THE TRUSTEES OF THE EMPLOYEE SHARE OWNERSHIP TRUST (the "EBT")
The Company received notification on 18 December 2009 that the trustees of the EBT have acquired ordinary shares of £1 each in the capital of the Company ("ordinary shares") as detailed below:
| Number of ordinary shares purchased | Average price paid per ordinary share | Date of purchase |
| 84,031 | £2.91 | 17 December 2009 |
Following this transaction, the trustees hold a total of 2,010,989 ordinary shares of £1 each, representing 2.746% of the Company's issued ordinary shares. The executive directors of the Company have an interest in the ordinary shares held by the EBT as potential beneficiaries of the EBT in respect of their participation in Novae Group plc's Long Term Incentive Plans and Deferred Bonus Schemes.
This notification is made in accordance with Rule 3.1.4R (1) (a) of the Disclosure and Transparency Rules.
For further enquiries:
MJ Turvey
Group Legal Counsel and Company Secretary
020 7903 7300