Thu 23 May 2013
The Company has been notified that the Panmure Gordon & Co. plc No. 2 Employee Benefit Trust (“the EBT”) has today purchased 120,000 ordinary shares at a price of £1.45.
These shares are to be held in the EBT and are intended to be used to satisfy share awards made under the Company’s Performance Share Plan or other future plans. The EBT is a discretionary trust for the benefit of employees including the executive directors of the Company.
Following the reorganisation of the Company’s share capital, Praxis Trustees Limited, as Trustees of the EBT, now holds a total of 1,362,200 shares, representing 8.81% of the Company’s issued share capital.