Caledonia Investments PLC
02 December 2005
Caledonia Investments plc
Caledonia Investments plc ('Caledonia') announces that one of its directors,
Timothy Charles William Ingram, today exercised options over 55,332 Caledonia
ordinary 5p shares, representing 0.09% of Caledonia's issued ordinary share
capital, at an exercise price of 782.5p per share.
Of the Caledonia shares received from the option exercise, Mr Ingram sold 36,547
shares at a price of 1816p per share, representing 0.06% of Caledonia's issued
ordinary share capital, to fund the cost of the option exercise and associated
tax liabilities. Mr Ingram subsequently transferred 300 shares to each of his
three sons, one of whom, Nicholas David Oliver Ingram, is a connected person as
defined by the FSA Disclosure Rules and the balance of 17,885 shares to his
wife, Christine Ingram, also a connected person. All of the above transfers will
be registered in the names of the transferees as noted above.
Mr Ingram's total holdings of Caledonia's shares following the above
transactions are as follows:
• Beneficial 86,029 shares 0.13%
• Options 214,843 shares 0.34%
Mr Ingram's option exercise was sourced from shares held by the Caledonia
Investments plc Employee Share Trust (the 'Trust'), which also repurchased the
36,547 shares sold by Mr Ingram referred to above, at a price of 1816 per share.
In addition, The Trust also transferred 4,000 shares at 740p per share, 6,001
shares at 757.5p per share and 2,666 shares at 782.5p per share to other
Caledonia employees exercising options under Caledonia executive share option
schemes, in total representing 0.02% of Caledonia's issued ordinary share
capital, and repurchased all of these shares transferred at a price of 1816p per
share. All of the shares repurchased by the Trust will be registered in the name
of Greenwood Nominees Ltd A/c 438545.
Following the above transactions, the Trust holds 774,189 Caledonia shares,
representing 1.21% of Caledonia's total issued ordinary share capital. Each
executive director of Caledonia, as a potential beneficiary, is interested in
shares held by the Trust.
This notification is made in accordance with DR 3.1.4R(1)(a) in relation to the
dealings by Mr Ingram, Mrs C. Ingram, Mr N.D.O. Ingram and the Trust.
This notification is also made in accordance with DR 3.1.4R(1)(b), a disclosure
made in accordance with section 324 (as extended by section 328) of the
Companies Act 1985, in relation to the dealings by Mr Ingram and the Trust.
Name of duly authorised officer of issuer responsible for making notification
G P Denison, Company Secretary 2 December 2005
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