Information  X 
Enter a valid email address


  Print      Mail a friend       Annual reports

Wednesday 05 June, 2002


Director Shareholding

5 June 2002

WILink plc

5 June 2002

WILink plc ('WILink' or 'Company')

Holding in Company

WILink was notified today that on Friday 31 May the WILink plc General Employee
Benefit Trust ('GEBT') purchased 10,000 ordinary Shares of 250p each in the
Company ('Shares') at 620p per Share from the market through Numis Securities.

Following these purchases the GEBT now holds, in aggregate, 565,077 Shares,
representing 15.25 per cent. of the Company's issued share capital of 3,706,047

It is envisaged that the GEBT will use these Shares to satisfy liabilities
arising in future from the various option schemes operated by the Company. The
majority of these liabilities arise from performance based option schemes, none
of which vest before 2003 and all of which require the share price to equal or
exceed 1,187.5p.

The beneficiaries of the 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 the GEBT.

FRS14 requires the Shares held by the GEBT to be treated as cancelled for the
purposes of EPS calculations until vesting, and therefore earnings per share
will be enhanced as a result of the purchase by the GEBT of the Shares.

For further information, please contact:

WILink plc
020 7436 2223
Peter Wakeham, Chief Executive Officer
Nigel Burton, Chief Financial Officer

Strand Partners Limited
020 7409 3494
Rory Murphy


                      This information is provided by RNS
            The company news service from the London Stock Exchange