TO: Regulatory News Service
The London Stock Exchange
Xansa plc (the "Company") announces that it received notification on 11 July
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 158,479 of the Company's
ordinary shares of 5 pence each ("Ordinary Shares") on 11 July 2006 at 73 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 26,308 "Matching" shares being provided out of the AESOP Trust and 132,171
"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
342 Ordinary Shares each (171 "Partnership" shares and 171 "Matching" shares)
having elected to participate in the AESOP. Mr G M Stuart was allocated 344
Ordinary Shares (172 "Partnership" shares and 172 "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: 133,804
Mr G M Stuart: 50,594
Mr S R Weston: 36,682
As a result of the above transaction, the total holdings of the AESOP and Xansa
QUEST amount to 17,476,832 and 4,601,320 Shares respectively.
This notification relates 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 July 2006