Evolution Group PLC
15 May 2007
The Evolution Group Plc
Directors' Interests
15 May 2007
The Evolution Group Plc (the "Company") has received notification from
Evolution EBT Limited as Trustee of The Evolution Group Plc Employees'
Share Trust (the "Trust") (a discretionary trust of which all employees
of The Evolution Group Plc and its subsidiaries are beneficiaries) that
1) on 15 May 2007 10,000 ordinary shares of 1p each in the Company
("the Sale Shares") were either transferred to or sold on behalf of employees
who had exercised call rights and options over ordinary shares of 1p each in
the Company ("Shares") held in the Trust; and
2) on 14 May 2007 the Trust completed the purchase of 250,000 ordinary shares
of 1p each in the Company ("the Acquired Shares) in the Company at £1.48439
per share.
None of the Shares referred to above were transferred to, sold on behalf of or
purchased directly for any of the executive directors (the "Directors") of the
Company. However, each of the Directors is a member of the class of
discretionary beneficiaries of the Trust and is consequently taken to have an
interest in all the Shares held in the Trust. As a consequence of the vesting
of the aforementioned Sale Shares in 1) above to employees other than the
Directors, the Directors have ceased to be interested in those Shares and as a
consequence of the acquisition of the Acquired Shares in 2)above by the Trust
the Directors are deemed to be interested in those Shares.
As at 15 May 2007, the Trust held a total of 12,415,884 Shares, representing
approximately 5.604% of the Company's issued share capital at that date.
For more information please contact:
The Evolution Group Plc
Tony Lee, Group Company Secretary Tel: 0207 071 4300
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.