Paypoint Regulatory News (PAY)

21 Mar 2005 09:58

PayPoint PLC21 March 2005 21 March 2005 Immediate Release PayPoint plc ("the Company") As a result of transactions on 18 March 2005 by the PayPoint plc Share IncentivePlan (an Inland Revenue approved all employee share purchase plan), theexecutive directors of the Company have the following interests as a result oftheir personal participation in the Plan:- Partnership Shares purchased on Matching Shares awarded on Total number of Partnership and 18 March 2005 at £2.55 per 18 March 2005 at £2.55 per Matching Shares held on 18 share share March 2005 Dominic Taylor 49 49 502 Tim Watkin-Rees 49 49 502 George Earle 49 49 502 In accordance with the rules of the Plan these directors have been awarded theMatching Shares on the basis of one Matching Share for each Partnership Share. The beneficial ownership of the Matching Shares will pass to the directors inthree years time subject to continued employment and the retention of theunderlying Partnership Shares. -ends- This information is provided by RNS The company news service from the London Stock Exchange