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Eaga plc (EAGA)

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Wednesday 26 November, 2008

Eaga plc

Director/PDMR Shareholding

RNS Number : 9678I
Eaga plc
26 November 2008
 


eaga plc (the 'Company' or 'eaga')


26 November 2008


Director/PDMR Shareholding

NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES OR THEIR CONNECTED PERSONS

Notification made in accordance with Disclosure rule 3.1.4R(1)(a) of the Disclosure Rules.

The Company announces that it received notification on 25 November 2008 that on that day John CloughChief Executive Officer, and Ian McLeod, Group Finance Director, each sold 1,100,000 ordinary shares of 0.1p in the Company ("Ordinary Shares") at price of 110 pence per share on the London Stock Exchange. 

These sales were carried out to provide funds for significant tax liabilities incurred at the time of the IPO of eaga which fall due for payment shortly and to provide an element of personal liquidity.

Following these sales the beneficial holdings of John Clough and Ian McLeod are 5,236,340 and 3,982,472 Ordinary Shares respectively, representing 2.09% and 1.59% of eaga's current issued share capital.

The percentage calculations are based on 250,593,245 Ordinary Shares, which is the total issued share capital of the Company with voting rights.

For further information please contact:

Ross Armstrong, Director of Corporate and Government Affairs

eaga plc

0191 247 3800


ENDS.



This information is provided by RNS
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