Disposal of Shares by Pension Scheme

RNS Number : 6476J

Cropper(James) PLC

01 July 2011

 



1 July 2011

JAMES CROPPER PLC ("THE COMPANY")

Disposal of shares by James Cropper PLC Pension Scheme (the "Pension Scheme") and acquisition of shares by James Cropper PLC on behalf of James Cropper PLC Share Incentive Scheme (the "Share Incentive Scheme")

The Company was notified on 1 July 2011 that on that day the Pension Scheme had sold 25,000 ordinary shares of 25 pence each in the Company ('Ordinary Shares') at a price of £2.25 per share. Following this transaction the Pension Scheme now holds 336,000 shares in the Company, representing 4.0% of the issued share capital and voting rights of the Company.

Executive Directors of the Company, Mr John Malcolm Denman and Mr Nigel Anthony Read are Trustees of the Scheme and are therefore deemed to have a non-beneficial interest in the Scheme.

Following this transaction, their beneficial and non-beneficial interests in the Company are:

	Number of Ordinary Shares	Percentage of Issued share capital
John Malcolm Denman
Beneficial	7,716	0.09%
Non-beneficial	336,000	4.0%
Nigel Anthony Read
Beneficial	9,289	0.11%
Non-beneficial	336,000	4.0%

The Company also announces that today, it acquired 25,000 Ordinary Shares of 25 pence each in the Company at a price of £2.25 per share on behalf of the James Cropper PLC Share Incentive Scheme. Following this transaction, the Share Incentive Scheme holds 41,626 Ordinary Shares in the Company, representing 0.5% of the issued share capital and voting rights of the Company.

Enquiries
David Carey, Company Secretary	Andrew Kitchingman, Director, Corporate Finance
James Cropper PLC	Arbuthnot Securities Limited
Tel: [phone]	Tel: [phone]
www.cropper.com

 

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