18 May 2001
TO: Regulatory News Service
The London Stock Exchange
Xansa plc (the 'Company')
Re: Chapter 16, Paragraph 13 of CONTINUING OBLIGATIONS
Xansa plc (the 'Company') announces that it received notification on 18 May
2001 for the purposes of Section 329 of the Companies Act 1985 that the
trustee of the Xansa Shareholders' Trust (the 'Trust') has transferred 5,760
of the Company's ordinary shares of 5 pence each ('Ordinary Shares') to
participants exercising options granted under the Company's ShareSave Scheme.
The Ordinary Shares were transferred by Xansa Employee Trust Company Limited
as trustee of the Trust and Xansa QUEST. The Trust and the Xansa QUEST are
discretionary trusts for the benefit of employees of the Company and its
subsidiaries, which operate in conjunction with the Company's ShareSave Scheme
and All Employee Share Option Scheme (together the 'Schemes') and hold
Ordinary Shares to satisfy existing options granted under the Schemes.
1. Mr G R Dunn, an executive director of the Company is also a director of
Xansa Employee Trust Company Limited.
2. Transactions notified on 18 May 2001 in relation to the Trust and the Xansa
Scheme Date of Transaction Number of Ordinary Option Price of
Shares Transferred Ordinary Shares
ShareSave 18.05.01 5,760 .878p
The total holding of the Trust and the Xansa QUEST amounts to 41,533,929
Ordinary Shares (Trust: 24,518,338 and Xansa QUEST: 17,015,591).
18 May 2001