11 February 2002
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 8 February
2002 for the purposes of Section 329 of the Companies Act 1985 that the trustee
of the Xansa Employee Trust (the 'Trust') has transferred 138,010 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 8 February 2002 in relation to the Trust and the
Scheme Date of Transaction Number of Ordinary Option Price of
Shares Transferred Ordinary Shares
ShareSave 08.02.02 138,010 £2.23
The Company further announces that it received notification on 11 February 2002
that Xansa Employee Trust Company Limited had purchased 106,223 of the Company's
Ordinary Shares on 8 February 2002 at £2.87 each.
The total holding of the Trust and the Xansa QUEST amounts to 37,848,133
Ordinary Shares (Trust: 24,462,708 and Xansa QUEST: 13,385,425).
11 February 2002
This information is provided by RNS
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