-3x Short China Regulatory News (SCHE)

13 Dec 2007 13:39

Southern Cross Healthcare Grp PLC13 December 2007 13 December 2007 Southern Cross Healthcare Group PLC In advance of the proposed changes to the Capital Gains Tax legislationannounced by the Chancellor in the November budget, Southern Cross HealthcareGroup PLC (LSE: SCHE) announces the following share sales by Directors of theCompany, which were notified to it today: Number of shares sold William Colvin 1,202,400 Philip Scott 2,019,120 Graham Sizer 1,434,000 John Murphy 1,851,840 Other management 144,421 Total 6,651,781 All share sales took place on 13 December 2007 on the London Stock Exchange at aprice of 550 pence per share. The three continuing executive Directors of Southern Cross intend to re-investin the Company's shares at the appropriate time to a level of at least threetimes their annual salary. Morgan Stanley Securities Limited acted as bookrunner in arranging the sharesales referred to above. Enquiries: Southern Cross Healthcare Group PLC Tel: 01325 351100William McLeish, Company Secretary Morgan Stanley Securities Limited is acting exclusively for Southern CrossHealthcare Group PLC and no one else in connection with the share sales. It willnot regard any other person (whether or not a recipient of this announcement) asits client in relation to the share sales and will not be responsible to anyoneother than Southern Cross Healthcare Group PLC for providing the protectionsafforded to its clients nor for giving advice in relation to the share sales orany transaction, arrangement or other matter referred to in this announcement. This information is provided by RNS The company news service from the London Stock Exchange