14 November 2001
14th November 2001
FOR IMMEDIATE RELEASE
NOTIFICATION OF INTEREST
WILink.com plc ('the Company') hereby notifies that on 26 October, 2001 the
WILink.com plc General Employee Benefit Trust ('GEBT') purchased 23,887,500
ordinary shares of 1p each in the Company ('Shares'). In addition the Company
issued 26,112,500 Shares on 5 November, 2001 at the mid-market price 2p per
share. Pursuant to these purchases, GEBT now holds, in aggregate, 50,000,000
Shares, representing 5.41 per cent. of the Company's issued share capital.
It is envisaged that GEBT will use these shares to satisfy liabilities arising
in future from performance based option schemes, none of which vest before
2003 and all of which require the Share price to equal or exceed 8p.
The beneficiaries of GEBT include certain of the Directors of the Company who
are therefore interested in the Shares being acquired. Certain of the
Directors of the Company may, at some future time, obtain a beneficial
interest in a number of these Shares if and when awards are made by GEBT.
FRS14 requires the above Shares to be treated as cancelled for the purposes of
EPS calculations until vesting, and therefore earnings per share (excluding
goodwill amortisation) will be enhanced as a result of the purchase of the
23,887,500 Shares and unaffected by the issue of the 26,112,500 new shares.
The total number of Shares in issue following these transactions is
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