Tue 15 Oct 2013
The Company has been notified that the Panmure Gordon & Co. plc No. 2 Employee Benefit Trust (“the EBT”) purchased 20,000 ordinary shares at a price of £1.40 on 14 October 2013.
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.
Praxis Trustees Limited, as Trustees of the EBT, also holds 1,349,009 ordinary shares in the Company, 558,830 of which are the subject of share options granted to employees under the Company’s 2005 Employee Share Option Plan. The EBT’s total holding is now therefore 1,369,009 shares, representing 8.86% of the Company’s issued share capital.