Director/PDMR Shareholding

27 Jul 2007 15:27

Phorm Inc27 July 2007 27 July 2007 Phorm, Inc. ("Phorm" or the "Company") Director/PDMR Shareholding The Company (AIM: PHRM and PHRX) announces that on 27th July, 2007, KentErtugrul (Chairman and Chief Executive Officer) has pledged 500,000 commonshares in the Company (the "Shares"), as security in connection with loan facilities arranged by him. Mr. Ertugrul has informed the Company that he has nocurrent intent to sell the Shares. Under the AIM Rules, entry into such an agreement constitutes a dealing by MrErtugrul and, as a result, requires disclosure to the market. The Shares represent approximately 19.27% of Mr Ertugrul's 2,594,412 commonshare holdings. Following the signing of the loan, Mr Ertugrul's approximately21.47% interest in the Company's issued share capital remained unchanged. For Enquiries Phorm, Inc. +44 870 405 7722Kent Ertugrul (Chairman and Chief Executive) Edelman Financial PRPaul Lockstone +44 7876 685 200Sorrel Beynon +44 7980 687 255 Canaccord Adams Limited +44 20 7050 6500Nominated AdviserMark WilliamsAndrew Chubb This information is provided by RNS The company news service from the London Stock Exchange