Directors' Share Acquisitions

RNS Number : 3514V

Portland Gas plc

27 May 2008

 



For Immediate Release

27 May 2008

Portland Gas plc

(The 'Company')

Directors' Share Acquisitions

The Company announces that the Directors below chose to accept the issue to them, or their nominees, of fully paid ordinary shares in the Company in lieu of cash bonuses that otherwise fell due for payment on 24 May 2008. The number of shares so issued and the resultant new beneficial holdings held by the Directors are as follows:

Director	Shares Issued	New Total Beneficial Holding	Percentage of Issued Share Capital
Mark Abbott	2,860	6,687,666	9.86%
Maurice Hazzard	1,144	1,144	<0.01%
Andrew Hindle	22,885	6,617,117	9.75%
Kenneth Ratcliff	4,577	53,000	0.08%
Walter Roberts	16,210	1,042,960	1.54%

The issue price of these shares was 409p (being the middle-market closing price on 23 May 2008, the last trading day before the bonuses were otherwise payable). Application has been made for the new shares to be admitted to trading on AIM with dealings expected to commence on 2 June 2008.

Immediately following the issue of these shares, the total issued ordinary share capital of the Company will be 67,849,516 Ordinary 10p shares.

Enquiries:

Andrew Hindle / Craig Gouws Portland Gas plc	Tel: [phone]
Jonathan Wright / Sarah Jacobs  Seymour Pierce Limited	Tel: [phone]

This information is provided by RNS

The company news service from the London Stock Exchange

 

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