11 August 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 August
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 136,512 of the Company's
ordinary shares of 5 pence each ("Ordinary Shares") on 10 August 2005 at 91.75
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 45,404 "Matching" shares being provided out of the AESOP Trust and 91,108 "
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 272
Ordinary Shares each (136 "Partnership shares and 136 "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: 125,509
Mr S R Weston: 24,071
As a result of the above transaction, the total holdings of the AESOP and Xansa
QUEST amount to 17,528,916 and 7,021,758 Ordinary Shares respectively.
These notifications relate both to a transaction notified in accordance with DR
3.1.4R(1)(a) and DR 3.1.4(R)(1)(b) of the Disclosure Rules, the latter being a
disclosure made in accordance with section 324 (as extended by section 328) of
the Companies Act 1985.
11 August 2005
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