Disposal of Shares

Hansard Global plc 21 November 2007 Company Announcement Hansard Global Plc ('Hansard' or the 'Company') Hansard has today received notification that the Polonsky Foundation has disposed of a total of 1,100,000 ordinary shares in the Company. The shares were placed with institutional investors by the Company's broker, Panmure Gordon, at a price of 225p per share. Hansard has also received today notice from the Polonsky Foundation that it intends shortly to dispose of a total of 5,195,000 ordinary shares by way of donations to various charitable organisations. Following the planned disposals, the Polonsky Foundation will be interested in 7,286,888 shares or 5.31% of the Company's issued share capital. Dr Leonard Polonsky, the Company's Executive Chairman, has notified the Company of the disposal of 1,575,000 shares by way of gifts to certain individuals. Following the disposal, Dr. Polonsky is interested in 57,701,073 shares or 42.03% of the Company's issued share capital. The Company's Sponsor, Lazard & Co., Limited, and its broker, Panmure Gordon (UK) Limited, have both given their consent to release the Polonsky Foundation and Dr Polonsky from the lock-in arrangements entered into at the time of the IPO in respect of the disposals and planned disposals described above. Pursuant to this consent, the Polonsky Foundation and Dr. Polonsky have undertaken to use reasonable endeavours to ensure that the transferees of these shares (excluding institutional investors) adopt the principles of dealing through Panmure Gordon for the remaining time period covered by the orderly market agreements entered into at the time of the IPO. For the individual transferees, Dr. Polonsky has further undertaken to use reasonable endeavours to ensure that the transferees of those shares adopt the principles relating to lock-ins and orderly marketing arrangements as if they were the original signatories of the relevant agreements. Pending completion of the above set of disposals and following consultation with FTSE, the Directors of Hansard expect the Company to be considered as a UK company by FTSE's Nationality Committee and therefore to be eligible for inclusion to the FTSE UK Index Series, subject to normal eligibility rules, at the next FTSE Index Review in December. A further announcement will be made in due course to confirm the completion of the further intended disposals by the Polonsky Foundation. Contacts: Hansard Global plc Leonard Polonsky Tel: 01624 688 000 Gordon Marr Panmure Gordon (UK) Limited Aubrey Powell Tel: 020 7459 3600 Giles Stewart Bell Pottinger Ben Woodford Tel: 020 7861 3232 Daniel de Belder This information is provided by RNS The company news service from the London Stock Exchange
UK 100

Latest directors dealings