Director/PDMR Shareholding

RNS Number : 7821T
Evolution Group PLC
11 June 2009
 



The Evolution Group Plc

Notification of Transactions of Directors                           


11 June 2009

   

THE EVOLUTION GROUP PLC

(the "Company")


Notification of Transactions of Directors and Directors' Shareholdings


The Evolution Group PLC (the "Company") announces that following the award of 500,000 ordinary shares in the capital of the Company (the "Shares") made under the Evolution Group Plc 2002 Executive Share Incentive Plan ("the Plan") in June 2006 to Mr Andrew Umbers, all performance conditions have been met in full and call rights were granted on 3 May 2009 in accordance with the rules of the Plan at an exercise price of 1p per share ( "Call Rights") by the trustee of the Evolution Group Plc Employees' Share Trust (the "Trustee").  


The Company has today been notified that Mr Umbers today exercised the Call Rights over 500,000 Shares and has immediately sold 207,182 Shares to the Trustee at a sale price of 135.25 pence per Share solely to cover the exercise and taxation costs arising on exercise of the Call Rights.


Mr Umbers has increased his shareholding to 400,547 ordinary shares in the capital of the Company by virtue of retaining 292,818 of the Shares. As a result of the above transactions Mr Umbers now holds 0.177% (previously 0.048%) of the Company's issued share capital.


This notification relates to transactions notified in accordance with DTR 3.1.4R (1) (a). 



For more information please contact:

The Evolution Group Plc

Tony Lee, Company Secretary             Tel: 0207 071 4300  


This information is provided by RNS
The company news service from the London Stock Exchange
 
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