Director/PDMR Shareholding

RNS Number : 0461E

Spice PLC

23 September 2008

 



23 September 2008

PDMR shareholdings in Spice plc ("Spice" or "the Company")

Spice, the provider of Total Utility Support Services, has been notified that Geoff Lee has exercised options over 250,000 ordinary shares of 2 pence each at an option price of £0.328 per share. Following the exercise of these options, 160,000 ordinary shares of 2 pence each were disposed of at £1.2268 per share, on 22 September 2008. Following these transactions, Geoff Lee's total shareholding in Spice, including connected parties, is 90,000 shares (representing approximately 0.00 per cent of the ordinary issued share capital of the Company).

Separately, Lawrence Green has effected his long standing plan to retire from the business and it is expected that this will become effective during April 2009. Spice has also been notified that Lawrence Green sold 500,000 ordinary shares of 2 pence each at £1.1748 per share, on 19 September 2008. Following this transaction, Lawrence Green's total shareholding in Spice, including connected parties, is nil shares (representing approximately 0.00 per cent of the ordinary issued share capital of the Company).

This disclosure has been made for the purposes DTR3.1.4(1)(a).  The transactions took place in London.

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Enquiries:

Spice plc

Simon Rigby, Chief Executive Officer                                       Tel: [phone]

Oliver Lightowlers, Group Finance Director

Andy Catchpole, Group Strategy and Development Director

Financial Dynamics                                                               Tel: [phone]

Billy Clegg  

Caroline Stewart

KBC Peel Hunt (Broker)                                                      Tel: [phone]

Julian Blunt

Daniel Harris

NOTES TO EDITORS

Spice plc

Spice is a total utility infrastructure support services business. The Group's operations were founded in 1996 and have their origins in the electricity industry, though the range of activities has since been expanded into the water sector, niche telecommunications services, statutory gas inspections, energy management and facilities management. Spice's businesses have a common theme of delivering and co-ordinating infrastructure services to customers, and the technological element within the product mix has been built up significantly over the course of the last three years.

 

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