Director/PDMR Shareholding

RNS Number : 1505A

Terrace Hill Group PLC

27 March 2012

 



Terrace Hill Group PLC

("Terrace Hill" or "the Company")

Release of security over shareholding and use of shares in funds at Lloyds of London for insurance underwriting purposes

Notification under AIM Rule 17:

The Company was notified on 22 March 2012 by Robert Adair, Chairman of the Company, that 18,052,800 ordinary shares of 2p each of the Company ("THG shares") owned by him and family trusts are no longer used as security for personal loans with HBOS plc effective 22nd March 2012.

The Company was also notified on 22nd March 2012 by Robert Adair, Chairman of the Company that he had entered into trust arrangements with Lloyds of London in respect of 18,052,800 THG Shares owned by him and family trusts to provide funds at Lloyds of London for insurance underwriting.

Following this, Robert Adair's total beneficial interests remain at 131,571,239 shares, representing 62.07% of the total issued share capital of the Company.

-Ends-

For further information, please visit www.terracehill.co.ukor contact:

Terrace Hill                                                                            Tel: [phone]
Philip Leech

Oriel Securities (Nominated Adviser)                               Tel: [phone]

Gareth Price/Mark Young

Notes to editors:

Terrace Hill Group

Terrace Hill Group PLC is a regionally based UK property development and investment group quoted on AIM.  Formed in 1986, the Company has five offices located in London, Glasgow, Teesside, Bristol and Manchester.

 

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