23 Jan 2009 17:59
RNS Number : 2046M
Vp PLC
23 January 2009
Vp plc
The FSA issued guidance on 9 January 2009 which clarified obligations to disclose security granted over shares held by Persons Discharging Managerial Responsibilities (PDMRs) and their connected persons.
The Company discloses that Sagittas Investors Limited, a company controlled by trusts with which Vp's Chairman Jeremy Pilkington is deemed to be a connected person, has pledged its majority shareholding in Ackers P Investment Company Limited ("APIC") as security against a loan arrangement with National Westminster Bank plc. APIC is the registered holder of 23,684,876 ordinary shares comprising 51.28% of the issued share capital of Vp plc.
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