Director/PDMR Shareholding

21 Jun 2006 16:43

Parkmead Group (The) PLC21 June 2006 The Parkmead Group plc (the "Group") Director shareholding Following the announcement made on 23 May 2006 relating to the creation of anEmployee Benefit Trust ("EBT"), the Board of the Parkmead Group plc announcesthat the EBT has been duly established and has subscribed for 33,485,616 newordinary 5 pence shares ("Ordinary Shares") in the Group which have been dulyallotted. The EBT has made a loan to Niall Doran, Chief Executive of the Group,of £2,678,849.28, who, under the terms of the EBT, has acquired the 33,485,616Ordinary Shares from it at 8 pence per share (the current market price is 7.5pence). As a result Mr Doran is now interested in 33,485,616 Ordinary Shares or 9.09% ofthe total issued share capital of the Group. Application has been made for the 33,485,616 Ordinary Shares to be admitted totrading on the London Stock Exchange's AIM market for listed securities. Enquiries: The Parkmead GroupGordon Ashworth, Chief Financial Officer 020 7494 3080 Madano Partnership (PR to the Parkmead Group)Matthew Moth / Toby Wilkinson 020 7593 4000 This information is provided by RNS The company news service from the London Stock Exchange