TVZ.L Regulatory News (TVZ)

5 Oct 2005 09:00

Travelzest plc05 October 2005 Travelzest plc (the "Company")5 October 2005 Director's dealing Travelzest, the specialist travel group, today announces that ChristopherMottershead, chief executive of the Company, has received a fee payable in cashby the Company upon the completion of the acquisition of Holiday Express GroupLimited and has re-invested the net proceeds in new ordinary shares of theCompany ("Ordinary Shares"), as set out in the admission document dated 7September 2005. Accordingly, the Company placed 42,857 new Ordinary Shares with ChristopherMottershead at a price of 140 pence per new Ordinary Share on 4 October 2005. Asa result the Company now has 8,101,233 ordinary shares in issue. Admission ofthe new Ordinary Shares is expected on 10 October 2005. Christopher Mottersheadnow holds 82,539 Ordinary Shares of the Company, representing 1.02 per cent. ofthe issued share capital. - Ends - Enquiries to: Emma Kane/Duncan McCormickRedleaf Communications 020 7955 1410 Paul ShackletonDaniel Stewart & Co. plc 020 7776 6578 Notes to Editors • Travelzest is the parent company of a travel group with a high quality brand offering specialist holiday programmes. The Company changed its name to Travelzest from VFB Group plc at the Annual General Meeting held on 27 April 2005. • Travelzest intends to continue to acquire specialist niche travel businesses in order to create a new travel group which would include high quality brands. The directors of the Company are looking for companies which are able to demonstrate a successful track record during the last two years, which has been a difficult period for the travel industry. Travelzest currently comprises two subsidiaries: VFB Holidays Limited ("VFB") and Holiday Express Group Limited ("Holiday Express"). VFB specialises in cottage holidays in France, but also has a number of other holiday programmes including: France a la Carte (hotel accommodation), Corsica, Short Breaks, Escorted Tours and River Cruises. Holiday Express is a travel agent specialising in online travel fulfilment services and online travel sales. Holiday Express' retail business (acting as travel agent), providing package holidays, charter flights and ski booking services, accounts for the vast majority of its revenue and the remainder of its revenue is generated through acting as a tour operator. • Further information is available on Travelzest at www.travelzestplc.com • Publication quality photographs of Chris Mottershead are available through Redleaf Communications or are downloadable through the Travelzest website. This information is provided by RNS The company news service from the London Stock Exchange