Director/PDMR Shareholding

RNS Number : 0281Z

Spice PLC

14 September 2009

 



14 September 2009

Share dealings by PDMRs of Spice plc ("Spice" or "the Company")

Spice, the provider of Total Utility Support Services, was notified on 14 September 2009 of the following share dealings by a PDMR, all of which took place on 14 September 2009.

Lee Johnstone, Group Financial Controller of Spice, has exercised 304,051 share options, and then sold 148,000 of those shares at £0.8134 per share, under the Company's non-approved and approved share option plans and performance share plan.  After then transferring 156,051 shares to his spouse at £nil per share on 14 September 2009, Lee Johnstone's revised shareholding in Spice, including connected parties, has increased to 195,631 ordinary shares of 2 pence each (representing approximately 0.06 per cent. of the ordinary issued share capital of the Company). The average option exercise price per share was £0.1348 and the total option cost was £41,000, before taking account of payroll taxes. After taking account of the exercise of share options, the total number of options held by Lee Johnstone under all option schemes is 11,718. 

This option exercise has been timed to best manage the tax affairs of Lee Johnstone. This disclosure has been made for the purposes DTR 3.1.4(1)(a). The transactions took place in Leeds and London.  The above option exercises were satisfied from existing shares held within the Company's Employee Benefit Trust.

Ends

Spice plc                                                                                                                  Tel: [phone]

Julia Morton (Company Secretary)

Financial Dynamics                                                                                                Tel: [phone]
Billy Clegg

Caroline Stewart  

KBC Peel Hunt (Broker)                                                                                       Tel: [phone]

Julian Blunt (Corporate finance)

Matthew Tyler (Corporate broking)  

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, although the range of activities has since been expanded into other niche areas. The Group is organised into two divisions to match its utility customer base; a Supply Division; and a Distribution Division.  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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