Xansa plc (the "Company") announces that it received notification on 12
December 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 119,064 of the Company's
ordinary shares of 5 pence each ("Ordinary Shares") on 11 December 2006 at 89
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 1:2 basis
with 17,004 "Matching" shares being provided out of the AESOP Trust and 42,191
"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
211 Ordinary Shares each (141 "Partnership" shares and 70 "Matching" shares)
having elected to participate in the AESOP. Mr G M Stuart was allocated 210
Ordinary Shares (140 "Partnership" shares and 70 "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: 138,426
Mr G M Stuart: 51,899
Mr S R Weston: 37,988
As a result of the above transaction, the total holdings of the AESOP and Xansa
QUEST amount to 17,718,284 and 3,618,847 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.
13 December 2006