Director/PDMR Shareholding

RNS Number : 0399R

Evolution Group PLC

23 April 2009

 



The Evolution Group Plc

Notification of Transactions of Directors                           

23 April 2009

THE EVOLUTION GROUP PLC

(the "Company")

Notification of Transactions of Directors and Directors' Shareholdings

The Evolution Group PLC (the "Company") announces that following the award of 2,000,000 ordinary shares in the capital of the Company (the "Shares") made under the Evolution Group Plc 2002 Executive Share Incentive Plan ("the Plan") in November 2003 to the Chief Executive Officer of the Company, Alex Snow, all performance conditions have been met in full and call rights were granted in December 2007 in accordance with the rules of the Plan at an exercise price of 1 pence per share ( "Call Rights") by the trustee of the Evolution Group Plc Employees' Share Trust (the "Trustee").  

The Company has today been notified that Mr Snow exercised the Call Rights over 2,000,000 Shares on 22 April 2009 and has today immediately sold 830,352 Shares to the Trustee at a sale price of 114.02 pence per Share solely to cover the exercise and taxation costs arising on exercise of the Call Rights.

Mr Snow has increased his shareholding to 4,200,171 ordinary shares in the capital of the Company by virtue of retaining 1,169,648 of the Shares. As a result of the above transactions Mr Snow now holds 1.852% (previously 1.348%) of the Company's issued share capital.

This notification relates to transactions notified in accordance with DTR 3.1.4R (1) (a). 

For more information please contact:

The Evolution Group Plc

Tony Lee, Company Secretary             Tel: [phone]  

 

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