SHRE.L Regulatory News (SHRE)

30 Jun 2009 14:27

30 June 2009

Share plc

(the "Company")

Director Dealings 

Share plc (AIM:SHRE.LN) announces that, under the Company's process of awarding options to Senior Managers and Directors every six months, the following awards have been made:

On 25 June 2009 Gavin Oldham, Chief Executive Officer of the Company was granted 11,100 options over Ordinary Shares (representing approximately 0.007% of the current issued Ordinary Shares) at an exercise price of 30.5 pence per Ordinary Share. These options have been granted on an unapproved basis outside of the Company's EMI arrangements. They are exercisable immediately.

Following Board approval on 25 June, Richard Stone and Iain Wallace, Finance Director and Compliance and Legal Services Director of the Company respectively, have each entered into a separate co-ownership agreement with the Company's Employee Benefit Trust in respect of 9,947 Ordinary Shares (representing approximately 0.006% of the current issued Ordinary Shares for each individual). Under the terms of that co-ownership agreement the benefit of any price increase in those shares above 36 pence per share will accrue to the individuals concerned. These shares become first saleable on 25 June 2012. The individuals concerned cannot exercise voting rights in respect of these jointly held shares until 25 June 2012 and forfeit their ownership interest in the event that they cease to be an employee prior to that date.

Following these grants, Richard Stone holds 664,615 Ordinary Shares under option or co-ownership agreements with the Employee benefit Trust (representing approximately 0.41% of the current issued Ordinary Shares) and Iain Wallace holds 1,449,504 Ordinary Shares under option or co-ownership agreements with the Employee Benefit Trust (representing approximately 0.90% of the current issued Ordinary Shares).

Subsequent to the above grants Gavin Oldham, Chief Executive Officer of the Company has today exercised 11,100 options over Ordinary Shares (representing approximately 0.007% of the current issued Ordinary Shares) at an exercise price of 30.5 pence per Ordinary Share. These options were granted as detailed above. Following this exercise, Gavin Oldham personally holds 24,726,511 Ordinary Shares (representing approximately 15.41% of the current issued Ordinary Shares) and, together with his concert parties, holds 125,025,516 Ordinary Shares (representing approximated 77.91% of the current issued Ordinary Shares). Gavin Oldham holds no other Ordinary Shares under option.

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