Sign In
1 Oct 2007 14:32
ACQUISITION BY TRUST - PSP AWARDS UTV plc Announcement to the London Stock Exchange
Notification of Interests: Companies Act 1985, Section 329
The following dealings by the Employee Benefit Trust established by the Company were transacted.
The Trust is a discretionary trust for the benefit of employees of UTV plc and its subsidiaries.
The executive directors of UTV plc, namely J McCann, P O'Brien, J R Downey, S Taunton are included as potential beneficiaries under the Trust and are deemed to be interested in those shares and the dealings thereof for the purposes of Section 324 of the Companies Act 1985.
The Trust, registered in the name of UTV Employer Benefit Trust A/c No. 1019004, acquired a total of 100,000 ordinary shares of 5 pence on 28 September 2007 representing 0.18% of the issue share capital, to hedge the liability of awards made under the Company's long term incentive plans. This transaction was notified to the Company on 1 October 2007. The total holding of the Trust following this transaction is 200,000 ordinary shares being 0.36% of the issued share capital. The shares were acquired on the London Stock Exchange.
Name of contact and telephone number for queries: M Goodwin: 02890 262099
For and on behalf of UTV plc
P O'BrienCompany Secretary1 October 2007
UTV PLC
Follow the stocks
