Director/PDMR Shareholding

RNS Number : 0541Z

Associated British Engineering PLC

09 March 2012

 



For immediate release                                                                                     9 March 2012

ASSOCIATED BRITISH ENGINEERING PLC

("ABE" or "the Company")

NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND CONNECTED PERSONS

Further to the Company's announcement dated 8^th February 2012 regarding the results of the Open Offer and the fact that 150,794 new Ordinary Shares would be subscribed by the underwriters and the Company's announcement made on 7 ^th March 2012, the Company is now in a position to detail recent market purchases advised to the Company yesterday and the resulting Directors' beneficial holdings of Ordinary Shares in the Company.

	Colin Weinberg	David Brown	Stephen Cockburn
Beneficial interest in shares held as disclosed in the Company's prospectus dated 11th  January 2012 ("Prospectus")	19,991	2,146	1,250
Shares acquired in the Rights Issue (as defined in the Prospectus dated 11th January 2012) at £1.00 per share	5,330	572	333
Shares acquired in the Underwriting (as defined in the Prospectus) at £1.00 per share	32,301	32,301	32,301
Purchase of Shares in the market on 6 March 2012 at £1.20 per share	54,282	54,281	-
Shares held as a result of the cancellation of the 7% Preference Shares at £1.20 per share	-	-	38,407 *
Shares held beneficially as at 6 March 2012	111,904 (5.461%)	89,300 (4.358%)	72,291 (3.528%)

* held by Fiske Nominees Limited

Stephen Cockburn also now has a non-beneficial interest in 80,859 Shares representing 3.95% of the issued Shares.

The Trustees of The Tyrell Green (1996) Retirement Benefits Scheme now hold, as a result of the recent capital changes, 65,049 Ordinary Shares in Associated British Engineering plc being 3.175% of the voting shares in issue.  This holding is part of Mr Cockburn's non-beneficial interest.

In the light of the above information Stephen Cockburn's beneficial holding in Ordinary Shares of the company is that of 72,291 and not 72,237 as disclosed in our announcement of 7^th March 2012. We apologise for this error.

This announcement is made in accordance with DTR 3.1.2R.

The Company was initially informed of the market purchases of Shares by the Directors on 6^th March 2012.

David Brown

Chairman

Peter Morton, Associated British Engineering PLC                        01223 260022

Colin Weinberg, Associated British Engineering PLC                     0043 664 885 019 800

David Brown, Associated British Engineering PLC                         0044 781 418603

Roland Cornish/Felicity Geidt, Beaumont Cornish Limited              0207 628 3396

 

END

 

 

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