14 March 2006
TO: Regulatory News Service
The London Stock Exchange
Xansa plc (the "Company") announces that it received notification on 13 March
2006 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 120,184 of the Company's
ordinary shares of 5 pence each ("Ordinary Shares") on 13 March 2006 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 47,830 "Matching" shares being provided out of the AESOP Trust and 72,354
"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. Mr A R Cox was allocated 254 Ordinary
Shares (127 "Partnership" shares and 127 "Matching" shares). This small
difference in the allocation arises because he has a different level of residual
contribution available for investment.
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: 131,347
Mr G M Stuart: 1,374
Mr S R Weston: 27,408
The Company further announces that it received notification on 13 March 2006,
that at 10 March 2006, Xansa Trustee Company Limited had transferred 18,478
Ordinary Shares and sold 18,195 Ordinary Shares at 98 pence each on behalf of
participants leaving the AESOP.
Directors who are potential beneficiaries of the AESOP are:
Mr A R Cox
Mr G M Stuart
Mr S R Weston
As a result of the above transactions, the total holdings of the AESOP and Xansa
QUEST amount to 17,147,115 and 5,561,661 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.
14 March 2006
This information is provided by RNS
The company news service from the London Stock Exchange