12 April 2006
TO: Regulatory News Service
The London Stock Exchange
Xansa plc (the "Company") announces that it received notification on 12 April
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 127,101 of the Company's
ordinary shares of 5 pence each ("Ordinary Shares") on 11 April 2006 at 92 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 42,223 "Matching" shares being provided out of the AESOP Trust and 84,878 "
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. Mr S R Weston was allocated 270 Ordinary
Shares (135 "Partnership" shares and 135 "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: 132,856
Mr G M Stuart: 1,464
Mr S R Weston: 27,734
On the 14 March 2006 announcement, the number of Partnership shares transferred
from the Xansa Quest to the AESOP Trust should have been 121,728 rather than
120,184, a difference of 1,544 Ordinary shares. As a result of this adjustment
and the above transaction, the total holdings of the AESOP and Xansa QUEST
amount to 17,159,576 and 5,348,138 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.
12 April 2006
This information is provided by RNS
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