The Rank Group Employee Benefit Trust
The Rank Group Plc
- The Rank Group Employee Benefit Trust
On 28 February 2011, the Trustee of The Rank Group Employee Benefit Trust, established under a Trust Deed dated 4 October 1996 ("the Trust") informed The Rank Group Plc ("Rank") that on 25 February 2011 it had acquired 1,274,189 ordinary shares of 138/9p each in Rank at an average price of 132.3422 pence per share, in order to meet part of its anticipated requirements for all participating employees under Rank's long-term share incentive plans.
The Trust also agreed on 25 February 2011 to transfer 2,059,539 ordinary shares of 138/9p each in Rank to certain individuals participating in The Rank Group 2005 Long-Term Incentive Plan.
As the Trust is a discretionary trust, all executive directors of Rank are deemed to be interested in the shares held by the Trust. We therefore advise you that the executive directors of Rank, being members of the class of potential beneficiaries, are now interested in a total of 274,476 ordinary shares of 138/9p each in Rank held by the Trustee.
-ends-
28 February 2011
website: www.rank.com
Enquiries:
The Rank Group Plc
Frances Bingham, company secretary
Tel: 01628 504 000
This information is provided by RNS