Notification of interests

RNS Number : 3959E

Helical Bar PLC

26 September 2008

 



26 September 2008

HELICAL BAR PLC (“Helical Bar “or “the Company”)

 

 

NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PARTIES

 

 

 

The Company was informed today that the following transactions had taken place:

 

1.         Exercise of Share Options

 

            On 24 September 2008 subscription options over 41,594 new ordinary 1p shares and purchase options over 305,750 ordinary 1p shares held by the Company’s ESOP Trust were exercised in accordance with the Helical Bar 1999 Share Option Scheme.

 

Following the exercise of these options the Company had 97,351,912 ordinary 1p shares in issue.

 

Included in these transactions are options exercised by the following directors:

 

Michael Slade

A purchase option over 37,556 shares exercised at 1p per share, originally granted over 70,000 shares at 150.0p per share.

 

Michael Brown

A purchase option over 77,396 shares exercised at 1p per share, originally granted over 147,090 shares at 153.3p per share.

 

Nigel McNair Scott

A purchase option over 118,329 shares exercised at 1p per share, originally granted over 218,000 shares at 150.0p per share.

 

Gerald Kaye

A purchase option over 46,305 shares exercised at 1p per share, originally granted over 88,000 shares at 153.3p per share.

 

Jack Pitman

A purchase option over 26,164 shares exercised at 1p per share, originally granted over 50,510 shares at 156.0p per share and a subscription option over 41,594 new shares exercised as originally granted at 156.0p per share.

 

 

 

cont..

 

2.         Sale of shares

On 24 September 2008 the following Directors sold shares in the Company:

 

Michael Slade

37,556 shares sold at 323.5p per share.

 

Michael Brown

77,396 shares sold at 323.5p per share.

 

Nigel McNair Scott

118,329 shares sold at 321.0p per share.

 

Gerald Kaye

46,305 shares sold at 323.5p per share.

 

Jack Pitman

67,758 shares sold at 323.5p per share.

 

3.         Directors’ Interests in Shares

 

Following these transactions the directors’ interests in shares are as follows:

 

 

	Shares Held	Share Options	Performance Share Plan
Michael Slade	13,438,790 (13.8%)	500,000	904,206
Michael Brown	1,299,162 (1.3%)	-	765,970
Nigel McNair Scott	2,430,046 (2.5%)	-	586,500
Gerald Kaye	1,369,957 (1.4%)	347,095	680,487
Matthew Bonning-Snook	205,955 (0.2%)	210,000	507,752
Jack Pitman	229,465 (0.2%)	320,510	503,676

Contact:      T J Murphy                           020 7629 0113

        Date of Notification            25 September 2008

 

END

 

 

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