Caledonia Investments PLC
23 November 2006
Caledonia Investments plc
Director/PDMR Shareholding Notification
Caledonia Investments plc ('Caledonia') announces that, on 22 November 2006, one
of its directors, Timothy Charles William Ingram, exercised options over 11,800
Caledonia ordinary 5p shares, representing 0.02% of Caledonia's issued ordinary
share capital, at an exercise price of 945p per share.
Of the Caledonia shares received from the option exercise, Mr Ingram sold 7,895
shares at a price of 2170p per share, representing 0.01% of Caledonia's issued
ordinary share capital, to fund the cost of the option exercise and associated
tax liabilities. Mr Ingram subsequently transferred 1,000 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 905 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 87,433 shares 0.15%
• Options 236,589 shares 0.40%
• Deferred bonus plan 20,233 shares 0.03%
Mr Ingram's option exercise was sourced from shares held by the Caledonia
Investments plc Employee Share Trust (the 'Trust'), which also repurchased the
7,895 shares sold by Mr Ingram referred to above, at a price of 2170p per share.
In addition, The Trust also transferred 4,334 shares at 722.5p per share, 3,000
shares at 757.5p per share, 277 shares at 782.5p per share and 5,599 shares at
945p 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 2170p 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 703,284 Caledonia shares,
representing 1.20% 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 23 November 2006
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