14 February 2005
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 11 February
2005 for the purposes of Section 329 of the Companies Act 1985 that Xansa
Trustee Company Limited, trustee of the Inland Revenue approved Xansa All
Employee Share Ownership Plan ('AESOP') had purchased 136,682 of the Company's
ordinary shares of 5 pence each ("Ordinary Shares") on 11 February 2005 at 98
pence each from the Xansa Qualifying Employee Share Ownership Trust ("Xansa
QUEST"). The Ordinary Shares had been purchased under the "Partnership" shares
section of the AESOP from funds received from participating eligible employees.
Under the terms of the AESOP, "Partnership" shares are matched on a 1:1 basis
with 61,837 "Matching" shares being provided out of the AESOP Trust and 74,845 "
Matching" shares being provided out of the Xansa QUEST and into the AESOP Trust
at nil cost. The Trust is a discretionary trust for the benefit of employees of
the Company and its subsidiaries, which operates in conjunction with the
Company's AESOP and holds Ordinary Shares purchased by employees under the "
Partnership" and "Matching" shares section of the AESOP.
Except where otherwise referred to, the directors named below were allocated 256
Ordinary Shares each (128 "Partnership shares and 128 "Matching shares) having
elected to participate in the AESOP.
As a consequence, the beneficial and non-beneficial interests in Ordinary Shares
(excluding options) of the directors listed below have increased to:
Name: Ordinary Shares
Mr A R Cox: 119,699
Mr P R Gill: 32,169
Mr S R Weston: 22,481
The Company further announces that it received notification on 14 February 2005,
that at 11 February 2005, Xansa Trustee Company Limited, had sold 26,118
Ordinary Shares at 98 pence each to and on behalf of participants leaving the
Directors who are potential beneficiaries of the AESOP are:
Mrs L K Barrat
Mr A R Cox
Mr P R Gill
Mr S R Weston
As a consequence of the transactions set out above, the total holdings of the
AESOP and Xansa QUEST amount to 16,991,557 and 8,277,269 Ordinary Shares
14 February 2005
This information is provided by RNS
The company news service from the London Stock Exchange