Palace Capital Regulatory News (PCA)

17 Apr 2008 14:29

Leo Insurance Services PLC17 April 2008 Leo Insurance Services plc Directors' Shareholdings Leo Insurance Services Plc ("Leo" or the "Company") announces that it wasnotified on 16 April 2008 that on 15 April 2008 Larry Lipman, Managing Directorand Errol Lipman, Executive Director, were gifted, for nil consideration, thefollowing ordinary shares of 1p each in the Company ("Shares"): Larry Lipman 43,279 SharesErrol Lipman 43,277 Shares Larry Lipman, Errol Lipman, Steven Lipman, Ray Lipman and Leo Holdings (2008)Corporation ("LHC8")* (together "the Lipman Concert Party") are treated asacting in concert for the purposes of the City Code on Takeovers and Mergers("the Code"). As a result of this transaction, the total holding of the LipmanConcert Party remains unchanged at 2,915,596 Shares (40.40% of the Company"sissued ordinary share capital), and is made up as follows: +------------------+------------------+----------------------+--------------+|Member of Lipman | Previous Interest| Resultant Share| Percentage of||Concert Party | in Shares| Interest| issued share|| | | | capital|| | | | %|+------------------+------------------+----------------------+--------------+|Larry Lipman | 22,004| 65,283| 0.9||Errol Lipman | 129,833| 173,110| 2.4||Ray Lipman | 129,833| Nil| Nil||Steven Lipman | Nil| 43,277| 0.6||LHC8 ** | 2,633,926| 2,633,926| 36.5|+------------------+------------------+----------------------+--------------+|Total | 2,915,596| 2,915,596| 40.4|+------------------+------------------+----------------------+--------------+ * On the 7 April 2008, at a meeting of its shareholders, Karayaka InvestmentCorporation changed its name to Leo Holdings (2008) Corporation** The issued share capital of Leo Holdings (2008) Corporation is owned by LarryLipman, Errol Lipman and Steven Lipman in equal proportions. Contacts:Leo Insurance Services Plc Arbuthnot SecuritiesLarry Lipman, Managing Director John Prior, Ben WellsPaul Davis, Finance Director Tel: 020 7012 2000Tel: 020 8815 1600 This information is provided by RNS The company news service from the London Stock Exchange