8 Jul 2011 14:13
8 July 2011 For immediate release
Stobart Group Limited ("Stobart" or the "Company")
Director / PDMR Dealings and Total Voting Rights
The Company has been informed that Ben Whawell, Group Finance Director, and Richard Butcher, Deputy Chief Executive Officer, sold 55,000 ordinary shares each at a price of 144p per share on 7 July 2011. The shares were sold to pay the tax liability arising on shares vesting under the Company's LTIP scheme in March 2011. Ben and Richard were restricted from selling the shares at the time due to the placing transaction that was announced by the Company on 21 April and completed on 18 May 2011.
Following the sale of shares, Ben Whawell remains interested in 118,266 ordinary shares, representing 0.03 per cent. of the Company's total issued share capital, and Richard Butcher remains interested in 54,240 ordinary shares, representing 0.02 per cent. of the Company's total issued share capital.
In accordance with Disclosure and Transparency Rule 5.6.1, the issued share capital of Stobart as at 7 July 2011 comprised 348,311,130 ordinary shares of 10p each with voting rights. There are no shares held in treasury.
The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Stobart under the FSA's Disclosure and Transparency Rules.
For enquiries:
Richard Butcher 01925 605 400
Company Secretary