20 July 2001
TO: Regulatory News Service
The London Stock Exchange
Re: Chapter 16, Paragraph 13 of CONTINUING OBLIGATIONS
Xansa plc (the 'Company') announces that it received notification on 20 July
2001 for the purposes of Section 329 of the Companies Act 1985 that the
trustee of the Xansa Employee Trust (the 'Trust') has transferred 14,184 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 20 July 2001 in relation to the Trust and the
Scheme Date of Transaction Number of Ordinary Option Price of
Shares Transferred Ordinary Shares
ShareSave 20.07.01 14,184 .878p
The Company further announces that it received notification on 19 July 2001
that the Trust had purchased 86,207 Ordinary Shares at a price of 290 pence
per Ordinary Share.
The total holding of the Trust and the Xansa QUEST amounts to 41,551,124
Ordinary Shares (Trust: 24,535,533 and Xansa QUEST: 17,015,591).
20 July 2001